MTN’s proposed public offer, As Nigerians anxiously awaits…

The MTN Nigeria may have made headway in its plans to restructure its debts and fund local investments in Nigeria with its local currency after the Securities and Exchange Commission finally approved its bid to be listed on the Nigerian Stock Exchange, after many weeks of delay. This comes about two years after the Nigerian Communications Commission requested that the company must agree to list its shares on the NSE before its fine would be reduced significantly. With this development, MTN Nigeria’s Initial Public Offering has been set for August…

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Nova Bank Appoints Mr. Anya Duroha As Acting MD/CEO

NOVA Merchant Bank Limited has announced the appointment of Mr. Anya Duroha as the Acting Managing Director / Chief Executive Officer of the Bank. The appointment, which is subject to approval of  the Central Bank of Nigeria, became effective on  August. Prior to the appointment of Mr Duroha as the Acting Managing Director / Chief Executive Officer of the Bank of NOVA Merchant Bank Limited, he was the Executive Director, Wholesale Bank, responsible for development and management of the Bank’s corporate banking relationships. Speaking on the new appointment, the delighted…

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United Capital Launches its New, Improved Online Investment Platform, InvestNow.Ng

United Capital Plc, a leading financial services group just launched its new, improved online investment platform, InvestNow. The company, which prides itself in being innovative and customer-centric rolled out this platform as part of its retail strategy and unwavering commitment to excellent service experience. The platform was first released in 2014 as a securities trading platform but has gone through series of upgrades and improvements. Some of the new, unique products and features include the direct debit functionality which helps make saving and investment easy for the customer by allowing…

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DHL Global Forwarding, Ethiopia Air Sign JV Deal

DHL Global Forwarding, the leading international provider of air, sea and road freight services and Ethiopian Airlines, the largest aviation group in Africa, today signed a new agreement to form a joint venture company; DHL/Ethiopian Airlines Logistics Services Ltd. The essence of the agreement is to build the leading cargo logistics provider JV company in Africa. The company according to Ethiopian Airlines will be based in Ethiopia and will do business in the entire continent of Africa, enhancing Ethiopia’s logistics infrastructure and connections. Ethiopian Airlines, which assumes a majority stake…

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Alarm Bell Tolls for MTN AS South African Conspiracy against Nigeria Continues to Increase

From every indication, this may be the last straw for the South African company, MTN. Informed sources believe that it was a strategic move by the government to ensure that the company never recovers, thereby providing a convenient pretext to acquire it. As the biggest and arguably most profitable company in the country, the government is somewhat jittery and troubled by its operations especially as a foreign-owned firm. Still reeling from the previous fine which was occasioned by its disregard to the regulation requiring all telecoms to register their SIMs before…

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Africa Prudential Partners Cooperative Societies on Technology Adoption

Africa Prudential Plc, a leading share registration, and investor services firm has partnered with the International Co-operative Alliance-Africa (ICA) to deploy technology solutions for a more efficient administration of co-operatives and thrift societies across Africa. The commitment was made public at the 12th African Ministerial Co-operative Conference in Abuja, Nigeria this year. The theme for this year’s conference centered on leveraging the recently signed African Continent Free Trade Area (AfCFTA) Agreement. According to the World Co-operative Monitor, the Co-operative bodies provide jobs to 10 percent of the World’s employed population and generate…

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UBA Foundation, Gavi Launch a New Partnership for Africa

The UBA Foundation and Gavi will leverage the United Bank for Africa’s network and expertise to invest in Africa’s health system, starting with Nigeria. Gavi, the Vaccine Alliance and the UBA Foundation, the Corporate Social Responsibility arm of the United Bank for Africa Group, have joined together to strengthen health systems and raise awareness of immunization across Africa, starting in 2018 with Nigeria. “We are delighted to work with the UBA Foundation to help protect children across Nigeria against some of the world’s deadliest diseases,” said Dr. Seth Berkley, CEO…

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Heritage Bank Plans to Boost Capacity of SMEs

Heritage Bank Plc says it plans to boost the capacity of the Small Medium Enterprises through its annual entrepreneurial reality show, tagged ‘The Next Titan The Divisional Head, Corporate Communications, Heritage Bank, Fela Ibidapo, while speaking at a press conference in Lagos recently said the fifth season of the entrepreneurial show had kicked off, according to a statement. Ibidapo assured the public that the bank would sustain its interest and sponsorship of the programme as its goal aligned with the corporate aspiration of the bank. “The management of the bank…

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12 Finalists Selected in UBA Foundation National Essay Competition 2018 amidst Increase in Entries

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced the twelve finalists for the 2018 edition of its annual National Essay Competition. The 12 finalists will sit for the second round of the competition, where three winners will emerge after undergoing supervised essay writing on a different topic from the original entry, on Saturday November 25, 2018 at the Bank’s headquarters in Lagos The 12 finalists were selected after a very tedious grading process undertaken by a distinguished panel of judges made…

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