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Monday , 18 March 2019
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BENNY PETERS IN $1BILLION DEBT…AS OIL BLOC EXPIRES SOON

Oil

ONCE THE COUNTRY’S FAVOURITE OIL MAN DURING THE GOODLUCK JONATHAN YEARS, BENEDICT PETERS NOW NEEDS TO QUICKLY RUSTLE TOGETHER FUNDS TO PAY OFF HIS CREDITORS AND THE NIGERIAN STATE. Trading house Aiteo is behind on its payments to its financial partners meaning its role as operator of OML 29, bought in 2014 for $2.5 billion from Shell, could be on the line. BANKS ...

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Heritage Bank debuts ‘HB LAB’ tech start-ups to boost economic growth

Top shape

***As winner gets $25, 000 grant, other benefits Heritage Bank Plc, Nigeria’s most innovative banking service provider, adopts a focused approach that removes barriers and galvanizes the critical sector of the economy around a bold growth agenda with the launching of its innovation accelerator programme tagged, “HB LAB”. The maiden edition of HB LAB is a 12-week programme, expected to ...

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NIGERIAN BREWERIES EARNS N324 BILLION AND DECLARES N19 BILLION PROFIT FOR 2018

LIPFEST

Nigerian Breweries Plc has announced a profit after tax of N19.4 billion for the 2018 Financial Year. According to the audited financial results released to The Nigerian Stock Exchange, the Company also made a Revenue of N324.4 billion during the period. The statement further stated that the Board of Directors will be recommending to the Company’s Shareholders at the Annual ...

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THE EMERGENCE OF AFRICA’S LARGEST BANK AND ITS ATTENDANT BENEFITS

Sector

The imminent merger between Access Bank, a tier-1 lender, and Diamond Bank, Nigeria’s leading tier-2 lender, is expected to produce the largest banking group in Africa based on its number of customers. The resulting entity which will maintain the brand name Access Bank, but with Diamond Bank colors, will have more than 29 million customers, 13 million of which are ...

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Atiku Abubakar’s Bagman, Uyi Giwa-Osagie, Arrested For Money-laundering

Earlier today, the Economic and Financial Crimes Commission, EFCC, arrested Uyiekpen Giwa-Osagie, a close aide of Alhaji Atiku Abubakar, the People’s Democratic Party, PDP, presidential candidate, for alleged money-laundering. Multiple sources privy to the news said that one of Uyi’s runners was arrested with over $2million cash ostensibly meant for electoral purposes. Upon interrogation, the panic-stricken runner confessed that the money ...

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Application for the Tony Elumelu Foundation Entrepreneurship Programme closes March 1

Elumelu

The Tony Elumelu Foundation, an African-funded and founded philanthropy committed to empowering African entrepreneurs has announced its last call for applications into its prestigious 2019 Entrepreneurship Programme. The application portal launched on the 1st of January 2019 will close on the 1st of March, 2019. Selected beneficiaries will join 4,470 current alumni and will receive $5,000 seed capital, access to ...

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Transcorp Sets Record Performance with Profit After Tax of N20.6bn

Trancorp

Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s leading diversified listed conglomerate, has announced its audited results for the year ended 31st December 2018, with a 94% growth in Profit After Tax (PAT) of ₦20.6bn in 2018 compared to ₦10.6bn in the prior year. The Group recorded an unparalleled improvement within the year as turnover grew by 30% to ₦104.2bn. Profit Before Tax (PBT) increased to ₦22.4bn from ₦12.3bn in 2017, depicting ...

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Diamond Bank Launches Bigger And Better DiamondXtra Promo*** As Season 11 Kicks Off

Diamond Bank Plc on Wednesday, February 13, launched season 11 of its DiamondXtra savings Promo. The event which held at Regency Hall, Otunba Jobi Fele way, Agidingbi, Ikeja, Lagos  was a sequel to a successful Season 10, where lucky winners were rewarded with cash prizes of One Million Naira and Salary For Life. The bank had in the past 10 ...

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LivewithLynda announces most watched Nigerian Ads; Union Bank’s Enabling Success commercial tops the list

Those who have seen the impressive Enabling Success short film by Union Bank might not be surprised to learn it emerged the “most viewed Nigerian Ad’ in a recent review by advert critic, LivewithLynda. The TV commercial hit 3 million views on YouTube a few days ago, less than 5 months after its 2018 Independence Day release. By crossing the ...

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DIAMOND-ACCESS BANK MERGER: GOOD DEAL FOR STAKEHOLDERS

Sector

In less than three months, Diamond-Access bank will hold the record as the Nigerian bank with the largest customer base in Sub-Saharan Africa through its merger which will largely benefit its stakeholders. Through the merger, the employees, customers, depositors and shareholders of Diamond, Nigeria’s largest retail bank will reap from the bank’s operations. Diamond Bank shareholders will receive a consideration ...

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