Monthly Archives: March 2019

UBA Hinges Future Performance On Cost Efficiency, Improved Asset Quality

Pan African financial institution, United Bank for Africa (UBA) Plc has assured its local and international investors that it’s prudent focus on improved asset quality as well as the continuous adoption of strict cost efficient measures will help the bank achieve its objectives and priorities for the 2019 financial year and beyond.
This the bank has said will culminate into an institution with even stronger indices laced with the capacity to churn out strong double-digit growth in annuity-based trade services, enhanced offerings and improved customer service.

2019 Elections: PDP States More Economically Viable Than APC States – Analysts • Average Income Per Capital Of APC States Is $1,545, PDP Is $2,585 • Out Of 10 States With Highest WAEC Scores, 6 Are PDP States

Research by analysts at Financial Derivatives Company (FDC) Limited has indicated that the poor and very poor voted for the APC in the just concluded general elections, with many of the states that voted for the APC poor.
In a breakfast presentation to the Lagos Business School (LBS) by the Bismark Rewane led FDC shows that the PDP states are more economically viable.

Shareholders laud Transcorp Hotels Plc For Impressive Performance, Approve 15k/Share As Dividend

The Shareholders of Africa’s leading hospitality brand, Transcorp Hotels Plc, have extolled the Company for its impressive financial results for the year ended December 31, 2018. The congratulatory remarks were made at the Company’s 5th Annual General Meeting, which took place at the Congress Hall of the iconic Transcorp Hilton, Abuja.

Shareholders Laud Transcorp Plc’s Outstanding Results

Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have commended the Board and Management of the company for their remarkable achievements demonstrated in the company’s record-setting financial performance in 2018.

The Tony Elumelu Foundation To Announce Selected Entrepreneurs For 2019 Programme On March 22, 2019 * Over 1,000 African entrepreneurs from African 54 countries to participate in the 2019 Cohort * Event to be livestreamed on TEFConnect – Africa’s digital entrepreneurship hub

The Tony Elumelu Foundation (TEF), the leading African philanthropy committed to empowering African entrepreneurs, will announce the selected applicants for the 2019 cohort of the Foundation’s flagship Entrepreneurship Programme on March 22, 2019. The event, which marks the 5th round of the Foundation’s Entrepreneurship Programme, will take place at the Transcorp Hilton Hotel, Abuja.

At Houston, Baru Says 41Billion Barrels Of Crude Oil Remain Untapped

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Maikanti Baru, has stated that more than 41billion barrels of crude oil and 319trillion cubic feet of gas are yet to be discovered in Sub-Saharan Africa.

The African Development Bank launches EUR 1 Billion 0.50% 10-Year Global Benchmark Due 21 March

The African Development Bank (www.AfDB.org), rated Aaa/AAA/AAA by Moody’s/S&P/Fitch, has successfully priced a EUR 1 billion 10-year Global Benchmark, due 21 March 2029, its first benchmark transaction of the year.

Court Rules Bharti Airtel Purchase Of Airtel Nigeria Shares From Ecobank Was In Disobedience Of Court Order

The Federal High Court in Lagos has ruled that Bharti Airtel’s purchase of Airtel Nigeria shares from Ecobank in 2018 was contemptuous and amounted to a flagrant disobedience of a court order.

UBA Earnings Hits N494bn, Records Significant Asset Growth, Driven By Market Share Gains Across Africa … Records Profit Of N106.8 Billion

The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines.
According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 per cent to N494.0 billion, compared to N461.6 billion recorded in the corresponding period of 2017. The Bank’s total assets also grew significantly by 19.7 per cent to an unprecedented N4.9 trillion for the year under review.