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Tuesday , 25 September 2018

Business

Strategic partnerships and investments key to Africa’s economic transformation: African Development Bank President Akinwumi Adesina in the Netherlands

Intimating Dutch officials and industry captains on attractive investment opportunities in Africa, Adesina underscores the fact that Africa can feed itself in 10 years and the rest of humanity thereafter if Africa gets the needed investment to unlock its agr-business potential THE HAGUE, Netherlands, August 31, 2018/ — The President of the African Development Bank (www.AfDB.org/en), Akinwumi Adesina, has taken ...

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UBA Appoints Four New Board Members

    Lagos, Nigeria; August 31, 2018: The Board of Directors of the United Bank for Africa is pleased to announce the appointment of four new members to its board, subject to the approval of the Central Bank of Nigeria(CBN).   The new board members are Mrs. Erelu Angela Adebayo, Ms. Angela Aneke, Alhaji Abdulqadir Jeli Bello and Mr. Isaac Olukayode ...

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Eaton Acquisitions increases stakes in NEM Insurance to 9%

  Eaton Acquisitions Limited, an investment company, has increased its stake in NEM Insurance to 9%, days after it announced the acquisition of 4% of the insurance company. While the initial 130 million shares sold at ₦4 each, representing a premium of 40.35% against the closing share price of ₦2.85, the new shares were acquired at a lower value. Eaton ...

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Manufacturing is key to economic growth, development- Dangote

  Executive Director of the Dangote Group, Hajiya Halima Aliko-Dangote has urged millennials in Nigeria and across Africa to diversify from service-oriented enterprises to manufacturing and agriculture in a bid to fast-track the development of the continent and better life for its nationals.   Halima Dangote said that the economic realities around the world have shown that the way to go ...

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Stanbic IBTC assists Dangote Cement with yet another benchmark size Commercial Paper offering, still the largest ever issuance by a Nigerian company

  Stanbic IBTC Capital and Stanbic IBTC Bank, subsidiaries of Stanbic IBTC Holdings PLC, have partnered with Dangote Cement PLC (“Dangote Cement” or the “Company”), Africa’s largest cement producer, to conclude yet another issuance of N50 billion Series 3 and 4 Notes, under the recently established Dangote Cement PLC’s N150 billion CP Programme. Issuance of the Series 3 and 4 ...

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Eaton to build substantial stake in NEM, buys 130m shares.

Eaton Acquisitions Limited, an investment company that focuses on identifying listed companies with high growth potential and investing, has announced the completion of the purchase of 130 million shares of NEM Insurance Plc. The cross deal, which has caught the attention of market watchers, sees Eaton, which was seeking to acquire 10%, buy 4% stake in NEM Insurance’s shares. The ...

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Experts unlock future work template at Stanbic IBTC Bank forum

    In a rapidly changing world, more so in the digital space, finding the right models to anchor human capital development will remain a paramount determinant of corporate success. This thinking underscores the Workplace Banking Seminar’ organized by Stanbic IBTC Bank PLC, a member of Stanbic IBTC Holdings PLC, in Lagos, recently.   The seminar, with the theme, ‘The Future ...

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Africa-China relations take spotlight at Stanbic IBTC forum

  The business community has gained a deeper understanding of the workings of the currency swap agreement between Nigeria and China as a forum organized by Stanbic IBTC Bank PLC, a member of Standard Bank Group, put into perspective the growing economic ties between the Asian giant and Africa.   Stanbic IBTC said the forum was meant to provide critical ...

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Fidelity Bank Denies Obscene Viral video Post

Foremost e-rated commercial financial house, Fidelity Bank has released a statement addressing the viral  video where it was alleged that security operatives at the instance of the bank officials beat up customers in one of their banking halls in Lagos state. For the avoidance of doubt and clarity of purpose on the side of Fidelity Bank, their reaction, signed by ...

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