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Sunday, September 20, 2020

Guaranty Trust Bank PLC H1’20 – Bank maintains dividend payout amid mixed earnings

Guaranty Trust Bank maintains dividend payout amid mixed earnings Net Interest Income up 10% y/y Provisions rise 210% y/y amid economic downturn Uncharacteristic Opex growth of 20% y/y Bank declares interim dividend of ₦0.30/share (H1’19: ₦0.30) Slide in profits occasioned by higher provisions, Opex GUARANTY released H1’20 results yesterday, reporting...

International Literacy Day 2020: FirstBank Targets one million Nigerian students with Innovative e-learning Solutions

By Eche Munonye Covid-19 brought a huge challenge to education and literacy, First Bank of Nigeria Limited responded with a Rosetta stone of innovative e-learning initiatives that have far-reaching effects Since 1967 that the United Nations Educational, Scientific and Cultural Organization (UNESCO) have been celebrating International Literacy Day...

Sterling Bank’s agriculture summit will revolutionise agribusiness in Nigeria, Africa

By Deji Abdulwahab Abuja, Sept. 3, 2020 Sterling Bank Plc says the 2020 Agriculture Summit Africa (ASA) is aimed at identifying and delivering actionable steps to revolutionise Nigeria and sub-Saharan Africa’s agribusiness industries. The bank made this known in a statement on Thursday in Abuja,...

Hackers breakthrough FCMB database as customers’ lose N900 million

The Economic and Financial Crimes Commission (EFCC), on Friday, arraigned seven suspects before an Ikeja Special Offences Court, Lagos, for allegedly hacking into the computer database of First City Monument Bank (FCMB) and transferring over N900 million belonging to customers of the bank into...

Chellarams Plc to publish financials by Sept. 28

By Itohan Abara-Laserian Lagos, Sept. 2, 2020 Chellarams Plc has informed the Nigerian Stock Exchange (NSE) and the general public that its financial statement for the year-ended March 31 and the period-ended June 30 would be published before Sept. 28. Mr Ehimare Isiramen, Company Secretary...

Lekoil releases 2019 results, targets 2-year value appreciation

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa has committed to delivering greater value to its shareholders in the next two years. This commitment was made following the release of the company’s final audited results...

IrokoTv bleeds, laments profitability plunge, downsizes 150 staff

IrokoTV, one of Africa’s first mainstream online movie streaming websites, says the company will let 150 staff go as part of a resizing process. According to an article published on his website seen by Naija247news.com, Njoku said the business has been battling with the...

Guinness Nigeria weigh options on $23 million debt as Nigeria’s dollar shortage worsens

Guinness Nigeria Plc said it’s struggling to refinance a foreign-currency loan and trim costs following a shortage of dollars in Africa’s largest economy. Diageo Plc’s Nigeria unit is weighing options to manage a $23 million debt as a lack of liquidity in the local foreign-exchange...

This Nigerian palm oil producer woo Investors for $40 Million for expansion

Ellah Lakes Plc, a Nigerian palm-oil producer, is meeting investors to raise $40 million to expand operations and meet increasing demand for the commodity after government restrictions on imports increased an existing supply gap. The company, based in Edo State in the Southern region of...

Zenith Bank GMD Pushes for Nigeria’s Economic Diversification through Non-Oil Exports Expansion

The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu has called for a concerted effort towards diversifying the country’s export base through the promotion of non-oil exports. He made the call during a Webinar themed “Prospects of Non-Oil Export During and Post COVID-19”...
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