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Monday , 22 April 2019
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Business

Silicon Valley’s Grow-or-Die Culture Is Costing Us Startup

Startups

*** Founders must set a new tone instead of burning through their employees How does the Slack message below make you feel? It’s from the CEO of Revolut, a fast-growing U.K. startup, about key performance indicators (KPIs), the team being behind on them, and the consequences of not reaching them. One line declares, “If your team does not hit KPIs, most ...

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UBA Rewards 20 more Customers with N30m in Wise Savers Promo

United Bank for Africa (UBA) has rewarded another 20 customers who emerged winners in the second quarterly draw of the UBA Wise Savers Promo with N1.5 million each, bringing the total amount won by 40 customers so far to N60 million. The electronic raffle draw which was held at UBA House on Thursday 18th of April, was witnessed by the Consumer Protection ...

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GTBank Releases Q1 2019 Unaudited Results***Reports Profit before Tax of ₦5

Segun Agbaje

Guaranty Trust Bank plc has released its unaudited Financial Results for the quarter ended March 31, 2019 to the Nigerian and London Stock Exchanges. The Bank recorded positive performance across all financial metrics with gross earnings for the period growing by 1.2% to ₦110.3billion from ₦109.0billion posted in March 2018. Profit before tax improved to ₦57.0billion from ₦52.6billion recorded in ...

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NOVA Merchant Bank Limited Rated Investment Grade by 2 Leading Rating Agencies

Anya Duroha

In furtherance of its plans to scale its operation this year, NOVA Merchant Bank Limited, in yet another milestone, has received an investment grade rating from both Agusto & Co (Bbb) and Global Credit Ratings (BBB-). The reasons given for the Bank’s rating include the strength of the Board and management team, robust capitalisation, prudent risk profile, good asset quality ...

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Aliko Dangote Aging Gracefully

Aliko

Aging has a way of impacting on individuals differently. For some, it makes them more verbose, while others become conservative and thoughtful. For billionaire businessman, Aliko Dangote, who turned a year older on Wednesday, April 10, the latter appears his case. The brain behind Dangote Group might have turned 62-year-old, however, his day was devoid of any fanfare, as no ...

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Indebtedness: Heritage Bank takes over Hip TV

Hip TV

Indications have emerged that Heritage Bank Plc yesterday on an order of Federal High Court Ikoyi Division seized the property of Smooth  Promotions Limited, owner of Hip TV, owned by Ayo Animashaun,  situated at No. 4 Ogundana Street, Off Allen Avenue, Ikeja; Lagos following inability to pay back the bank loan worth Hundreds of Millions. The asset was seized in ...

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Applause For Ifeyinwa Ugochukwu

Gone are the days when the Africa woman is limited in ambition. Today, if she can dream it, it is likely that she can become it. No woman personifies this postulation the way beautiful and highly intelligent Ifeyinwa Ugochukwu does. Formerly the Director of Partnerships and Evaluation at the Tony Elumelu Foundation (TEF), Ugochukwu’s hard work recently paid off, as ...

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Tony Elumelu Foundation Hosts European Commission, Leading Development Finance Institutions and Think Tanks in Brussels

European Commission

*** Highlights the Relevance and Urgency to Support Entrepreneurial Led Economic Growth in Africa   At a time when Europe’s relationship with Africa is high on foreign policy and developmental agendas and with the European Union beginning to deliver on its 2017 External Investment Plan, targeted at attracting investment and job creation in Africa, the Tony Elumelu Foundation brought together leading ...

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Fidelity Chairman Calls for Greater Board Participation In Cybersecurity

Cybersecurity

Against the backdrop of high-profile and sophisticated online attacks on large commercial banks, Directors of listed and private companies in the country have been advised to take active roles in their respective organization’s cybersecurity framework and operations. The Chairman, Board of Directors of Fidelity Bank Plc, Ernest Ebi gave the counsel at the 2019 Bank Directors’ Association of Nigeria (BDAN) ...

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Ebenezer Onyeagwu Is Zenith Bank’s New MD/CEO

Ebenezer Onyeagwu

Leading financial institution, Zenith Bank, has announced the appointment of Ebenezer Onyeagwu as its new managing director and chief executive officer (MD/CEO). The new appointment became public following a letter of notice from the financial institution to the Nigerian Stock Exchange (NSE) on Monday, April 8.     As expected, Onyeagwu’s confirmation is  subject to the approval of the Central ...

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