Christians To Participate In Politics, As To Make Changes Needed In The Polity… Adewale Martins

The Catholic Archbishop of Lagos Archdiocese, Most Rev. (Dr.) Alfred Adewale Martins has called on Christians and Catholics in particular who have an interest in serving the people to participate in politics, so as to make the necessary changes needed in the polity. Martins gave this charge during the celebration of St. Oscar Romero feast day held at Christ the King Catholic Church, Ilasamaja, Lagos. The Archbishop also used the occasion being the celebration of the Laity week to enjoin the leaders of the laity to educate the lay faithful…

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Innoson Move To Take Over Guaranteed Trust Bank Over The Bank’s N8.7 billion Indebtedness

Innoson Nigeria Limited, Nigeria’s indigenous vehicle production company, has instituted a move to take over Guaranteed Trust Bank, GTB, following a ruling by the Supreme Court over the bank’s N8.7 billion indebtedness to the company. The company’s chairman, Chief Dr. Innocent Chukwuma, made the move through a “Writ of FiFa taken over Guaranty Trust Bank PLC for and on half of Innoson Nigeria Ltd” as a result of the Bank’s indebtedness to Innoson Nigeria Ltd. Please follow and like us:

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Barriers To Trade Have Kept African Economies In Silos Of Underperformance… Oramah

Professor Benedict Oramah, President, of the Africa Export-Import (Afrexim) Bank, has said that Africa is making gradual progress compared to two decades ago. Oramah noted, not only have the trade walls prevented economic growth, but they have also led to a social distancing of people and cultures.  Presenting a keynote paper at the 4th edition of the Centre for Financial Journalism’s Bullion Lectures in Lagos, Oramah said that Africa is becoming the “bread basket” of the world from the “basket case” hitherto associated with it. But to make further progress “Africa…

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Access Bank Plc. Declares N95bn Profit For 2018

Access Bank Plc said it will pay a final dividend of 25 kobos for every unit of share, bringing the total dividend for the financial year ended December 31, 2018, to 50 kobos per share. More so, Profit before tax jumped from N78.1 billion in 2017 to N103 billion in 2018. Profit after tax rose from N60 billion in 2017 to N94 billion in 2018. Earnings per share rose from N2.11 in 2017 to N3.31 in 2018. Please follow and like us:

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UBA Earnings Hits N494.0bn, 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, Africa’s global bank’s gross earnings grew by 7.0 percent 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 percent to an unprecedented N4.9 trillion for the year under review. These results, according to financial analysts largely demonstrate the benefits of the Group’s…

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Ihedioha Warned Banks To Stop New Transactions With Out-Going Governor Rochas Okorocha…

Emeka Ihedioha, Imo Governor-elect has warned banks and other financial institutions against illegal dealings with out-going governor Rochas Okorocha. He warned financial institutions to stop new transactions with the state government or do so at their own peril.  Ihedioha said this at a media interaction at his residence in Owerri, the Imo State capital. The governor-elect warned that Okorocha could be plotting dirty deals with the financial institution to siphon state funds before the May 29 handover. He said new transactions would increase chances of illegal activities and jeopardize the financial…

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SAHCO PARTNERS ABX WORLD TO PROMOTE Farmers Hitch-Free Export Opportunity In Nigeria

Skyway Aviation Handling Company PLC (SAHCO) has reiterated its commitment to ensuring farmers have a hitch-free export opportunity in Nigeria through the provision of world-class storage facilities and logistics support for farmers and exporters. The Managing Director/CEO of SAHCO PLC Mr. Basil Agboarumi stated this during a Forum with ABX World and Agro Allied solutions team at the company’s Corporate Headquarters in Lagos. According to him, ‘SAHCO PLC has one of the best warehouses in Africa and the best in West Africa. SAHCO has invested so much on equipment. In…

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