Business

Improvement in economic indicators points to Nigeria’s stabilisation — UBA boss

Improvement in economic indicators points to Nigeria’s stabilisation — UBA boss

Group Managing Director of United Bank for Africa (UBA) and Chairman of the Body of Bank CEOs in Nigeria, Oliver Alawuba, has outlined a blueprint for building a resilient Nigerian economy, calling for deliberate policies and stronger collaboration across the public and private sectors to transform economic stability into inclusive prosperity. Alawuba made the call […]
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Stanbic IBTC partners IE Business School on loan finance deal

Stanbic IBTC partners IE Business School on loan finance deal

“The partnership with IE opens another window of opportunity to empower people for self-development and actualization. It is in sync with our operating mantra, which is moving forward. “At Stanbic IBTC Bank, we are mindful of the fact that socio-economic growth and development are anchored on sound education and robust infrastructural base. This conviction underscores our strategic interventions in critical sectors of the economy, including education,” he said.

FrieslandCampina WAMCO records N126.4bn turnover

FrieslandCampina WAMCO records N126.4bn turnover

Friesland Campina WAMCO Nigeria Plc has recorded a turnover of N126 billion turnover for the financial year 2014, representing an increase of 5.14 per cent from the 2013 financial year. The Managing Director of FrieslandCampina WAMCO, Mr. Rahul Colaco, who disclosed this to newsmen during a media chat said “ WAMCO will be celebrating its 60th anniversary on Saturday in Lagos. The company’s commercial and financial performance remained satisfactory in spite of the harsh business environment.

5 serving ministers, 3 others in race for AfDB presidency

5 serving ministers, 3 others in race for AfDB presidency

Eight prominent Africans including Minister of Agriculture, Dr. Akinwumi Adesina are contesting for the Presidency of the African Development Bank. The other contenders are Sufian Ahmed of Ethiopia, Jaloul Ayed of Tunisia, Kordjé Bedoumra of Chad, Cristina Duarte of Cape Verde, M. W. Kamara of Sierra Leone, Thomas Z. Sakala of Zimbabwe, and Boubacar Sidibe of Mali.

Fidelity Bank recovers N8bn debt in 2014

Fidelity Bank recovers N8bn debt in 2014

Fidelity Bank Plc said it has recovered about N8 billion from its Non Performing Loan in 2014, just as it targets a 10 per cent loan growth for the financial year 2015.