Nigeria’s banks are expected to take a big hit to revenues and face rising borrowing costs this year as Central Bank of Nigeria’s (CBN) measures to support the naira squeeze lenders already hit by fallout from coronavirus and the oil price shock, analysts told Reuters. Banks in Africa’s largest economy – a mainstay for equity […]
THE banking sector has remained sound and stable, with levels of capital and liquidity above regulatory requirements. According to the Bank of Tanzania (BoT) Monetary Policy Statement for June, banks maintained adequate capital buffer to withstand shocks, as the ratio of core capital to total risk weighted assets and off-balance sheet exposure was 17.4 per […]
The market data shows that among actively traded stocks, 27 or 47 per cent of the companies registered gains while 30 or 53 per cent posted losses. FILE PHOTO | NMG Troubled Kenya Airways leads a group of loss-making companies to emerge with the best stocks from a period when the country imposed tight coronavirus […]
Fidelity Bank Plc has notified the Nigerian Stock Exchange (NSE) and the general public of the appointment of Nneka Onyeali-Ikpe, as the incoming Managing Director/Chief Executive Officer, effective January 1, 2021. The bank made the announcement on Monday in a notice on the NSE website, signed by Ezinwa Unuigboje, its Company Secretary. The notice said […]
Ecobank Nigeria EcobankPay, the lifestyle digital payment and collections service of Ecobank Nigeria has entered into a partnership with PricePointe Wholesale Club, a new entrant into the Nigerian retail sector, modeled after the America’s Costco and Sam’s Club, which started operations with the opening of its flagship warehouse at Ilupeju Industrial Crescent, Ilupeju Lagos. Speaking […]
dollar bills United Capital Plc has released its first quarter financial scorecard , showing growth in some indicators, despite the challenges in the nations economy. Total assets increased by three per cent to N153.15 billion from N148.70 billion in the previous period. Funds under management grew by five per cent to N79.16 billion from N75.69 […]
United Capital Plc has assured its shareholders of higher returns in the years ahead as appropriate strategic measures have been put in place to overcome challenges in the operating environment. The Chairman of United Capital Plc, Mr. Chika Mordi , who gave the assurance, said despite the challenging operating global and local environment, the company […]
The United Capital Plc Board of Directors has assured shareholders that it has put in place appropriate strategies to ensure that the company continues to make progress and deliver better returns, irrespective of the challenges in the operating environment. Addressing shareholders at the annual general meeting in Lagos, its Chairman, Chika Mordi, said things are […]
United Capital Plc, one of Nigeria’s foremost investment banking groups, has held its much-awaited Annual General Meeting (AGM). The AGM took place yesterday at the Oriental Hotel in Lagos, and was well attended by the company’s shareholders, board members, and the management. The Chairman’s speech The company’s Chairman of Board, Mr Chika Mordi, used the […]
Feyisayo Popoola United Capital Plc has posted a 48 per cent decline in its profit for the first quarter of the year. The company’s financial statement, which was obtained from the Nigerian Stock Exchange on Wednesday, showed that the group’s profit before tax dropped to N766.9m in 2019, compared with the N1.5bn recorded in the […]
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