A Federal High Court sitting in Lagos has restrained Integrated Energy Distribution and Marketing Company Ltd and Polaris Bank from tampering, howsoever, with funds standing to their credit up to $6,759,000 (about N2.8 billion) or its equivalent in any currency in 25 banks, the Debt Management Office and Federal Ministry of Finance. Justice Daniel Osiaigor, […]
Access Bank Plc has recorded positive results despite a challenging economic and regulatory landscape in 2020, the bank’s audited financial statement has shown. The bank recorded gross earnings of N764.7 billion, up by 14 per cent from N666.8 billion in 2019. Profit before tax grew by 13 per cent to N125.9 billion from N111.9 billion, […]
Without the Public Investment Corporation’s support, a restructuring agreement with major lenders will fail, meaning that $51m of new money will not be injected into Smile, and the company will most likely face the prospect of liquidation. Smile Telecoms, an African telecommunications company, is facing liquidation after the Public Investment Corporation (PIC) pulled its funding […]
On Wednesday, Access Bank said the merger of Cavmont into Access Bank Zambia will hold before the end of January 2021. The management of Access Bank Plc has said its Zambian subsidiary has completed the acquisition of Cavmont Bank Limited. The bank said the acquisition followed the fulfillment of key conditions, including regulatory approvals. Access […]
Seplat Named Emeka Onwuka as CFO and Executive Director Seplat Petroleum Development Company Plc has appointed Mr. Emeka Onwuka as the Chief Financial Officer (CFO) and Executive Director of Seplat, effective from August 1, 2020. In the statement signed by Mrs. Edith Onwuchekwa, Company Secretary and Chief Governance Compliance Officer, and released through the Nigerian […]
Access Bank’s Zambian subsidiary announced plans for the acquisition of a 100% stake of domestic lender Cavmont Capital Holdings Zambia in mid July. Following the collapse of Equity Bank’s plans to acquire Atlas Mara’s subsidiaries in Rwanda, Zambia, Mozambique and Tanzania in June, the deal is a sign that an anticipated Covid-19-driven spate of bank […]
Seplat Petroleum Development The Board of Directors of Seplat Petroleum Development Company Plc has announced the appointment of Mr. Emeka Onwuka as its Chief Financial Officer (CFO) and Executive Director of the company. The appointment takes effect from August. Onwuka has over 30 years’ experience in financial services within Sub-Saharan Africa. He has acted as […]
Joseph Olaoluwa Seplat Petroleum Development Company Plc has appointed Emeka Onwuka as chief financial officer and executive director of the company. According to a notice filed with the Nigerian Stock Exchange on Friday, both appointments take effect from August 1, 2020. The board expressed confidence in Onwuka’s abilities, saying he would be a great addition […]
Banker was GMD of acquired Diamond Bank in heyday Emeka Onwuka (CREDITS: Anderson Tax Nigeria) Seplat Petroleum Development Company Plc , the dual Nigerian Stock Exchange and London Stock Exchange listed Nigerian indigenous oil and gas company, has tapped top Nigerian banker and accountant, Emeka Onwuka , as its chief financial officer and executive director, […]
Zenith Bank, United Bank for Africa and 9 other deposit money banks in the country paid more to the government in taxes in 2018 compared to what they paid in 2017 as their profits soared at the end of the last financial year. According to LEADERSHIP investigation, the 2018 financial results of the banks showed […]
The value of investments can go down in value as well as up, so you could get back less than you invest. Past performance does not necessarily indicate a financial product’s future performance. This website aims to provide information to help you make your own informed decisions. Our publications, ratings and analysis should be viewed as an additional investment resource, not as your sole source of information. This website does not provide personal advice based on your circumstances. To obtain advice tailored to your situation, please contact a professional financial adviser.