Business Archives | Page 3 Of 4

Jul

05

2023

Fitch Foresees Upgrade of Ecobank’s National Ratings as exchange-rate volatility recedes

Business#EcoBank, #Nigeria, #Recede, #Volatile

Fitch Foresees Upgrade of Ecobank’s National Ratings as exchange-rate volatility recedes Fitch Ratings says it foresees an upgrade of ENG's National Ratings which would result from strengthening its creditworthiness relative to other Nigerian issuers. According to the international rating agency, it expects to resolve the Rating Watch Negative (RWN) of ENG “within the next six months when exchange-rate volatility may recede, the impact on regulatory capital ratios and common equity double leverage is clear, and the scale of the second-order economic effects of the devaluation on loan quality becomes evident”. Fitch in its recent report noted that Factors that could,…

Jun

19

2023

By Famous Reporters

EASADOL UNVEILS BOLANLE “NINO” “MAKANAKI” NINALOWO AS BRAND AMBASSADOR

Business#Easadol, Bolanle "Nino" "Makanaki"

EASADOL UNVEILS BOLANLE "NINO" "MAKANAKI" NINALOWO AS BRAND AMBASSADOR Easadol, the leading premium painkiller brand in Nigeria, is proud to announce the appointment of Bolanle "Nino" "Makanaki" Ninalowo as its Brand Ambassador. The partnership was officially unveiled on Saturday, June 17, 2023, marking an exciting chapter for both Easadol and the renowned Nollywood actor, Trek Africa Newspaper can report. Easadol, manufactured by May & Baker Nigeria PLC, has consistently provided effective pain relief to millions of Nigerians for almost a decade. With a commitment to helping millions of Nigerians to manage headache, mild to moderate pains and feverish conditions,…

May

16

2023

By Famous Reporters

Experts Harps On Savings, Income Diversification At Ecobank Nigeria Workers Conference

Business, Economy#Commemoration, #Diversification, #EcoBank, #Savings, #Webinar

Experts Harps On Savings, Income Diversification At Ecobank Nigeria Workers Conference Salary earners, individuals, self-employed and small businesses have been advised to make deliberate efforts to save and diversify their income stream in the light of the current state of the nation’s economy. This was the submission of panelists at the webinar titled: Maximising your income: the power of diversification, organized by Ecobank Nigeria as part of its commemoration of this year’s Workers’ Day. This is just as Ecobank has reiterated that it has wide array of product offerings and financial services to meet the needs of the people and…

May

14

2023

By Famous Reporters

Access Bank PLC expands global footprint with launch of French subsidiary

Business#AccessBank, #FrenchSubsidiary, #Innovation

Access Bank PLC expands global footprint with launch of French subsidiary Access Bank PLC, the flagship company of Access Holdings PLC, has officially launched its subsidiary in Paris, France. The Bank’s operations will focus on trade finance, initially capitalising on flows between Africa and France, particularly Francophone Africa. Herbert Wigwe, Group Chief Executive Officer of Access Holdings PLC, speaking on the purpose of the Bank’s strategic expansion efforts said, “Access Bank PLC, today, has a very strong presence in the United Kingdom, but coming on the heels of Brexit, there was a need for us to establish a presence…

Apr

30

2023

By Famous Reporters

Fidelity Bank Records Stellar Performance in FY 2022 • Declares total dividend of 50K per share

Business#FidelityBank, #NnekaOnyeali-Ikpe, Entrepreneurship

Fidelity Bank Records Stellar Performance in FY 2022 • Declares total dividend of 50K per share Fidelity Bank Plc, a leading financial institution released its 2022 Audited Financial Statements on the Nigerian bourse today. The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and similar income to N295.6bn. The increase in Interest Income was led by a combination of improved yield on earning assets and 19.1% YoY expansion in earnings base to N2.64trn. This led to a Profit Before Tax of N53.7 billion representing 112.9% annual growth. Commenting on the…

Apr

26

2023

By Famous Reporters

Jeremy Awori, CEO of Ecobank Group rings closing gong at the Nigerian Exchange (NGX)

Business#EcoBank, #Intrisic

Jeremy Awori, CEO of Ecobank Group rings closing gong at the Nigerian Exchange (NGX) The leading pan-African banking Group, Ecobank, today, introduced its new Group Chief Executive Officer, Jeremy Awori, to the market during his visit to the Nigerian Exchange (NGX). Mr. Awori, leading an Ecobank delegation, met Temi Popoola, CEO, NGX, and then joined brokers to ring the gong, signaling the end of the day's trading session. Speaking at the event, Jeremy Awori said: “Participating in the closing gong ceremony at the Nigerian Exchange is a great honour for me…

Feb

01

2023

By Famous Reporters

Dangote, Sinoma Sign Agreement On 6Mta Cement Plant In Itori, Ogun State

Business# ClinkerProduction, #AlikoDangote, #CivilEngineering, #DangoteCement

Dangote, Sinoma Sign Agreement On 6Mta Cement Plant In Itori, Ogun State Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tons per annum cement plant in Itori, Ogun State. The agreement was signed by the Chairman of Dangote Cement Plc, Aliko Dangote alongside the Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin, while China Sinoma Engineering was represented by its Group President, Yin Zhisong, and the company’s Chairman, Liu Renyue. Dangote speaking at the signing ceremony, said that new integrated cement plant at completion will strengthen…

Jan

26

2023

By Famous Reporters

FIRST BANK OF NIGERIA Ltd PARTNERS CFA SOCIETY NIGERIA TO HOST ITS ANNUAL FLAGSHIP EVENT, THE UNIVERSITIES ETHICS CHALLENGE

Business#CFA, #FirstBank, #Sub-SaharanAfrica

FIRST BANK OF NIGERIA Ltd PARTNERS CFA SOCIETY NIGERIA TO HOST ITS ANNUAL FLAGSHIP EVENT, THE UNIVERSITIES ETHICS CHALLENGE First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its partnership with CFA Society Nigeria to host its annual flagship event, the Universities Ethics Challenge final, scheduled to hold at Radisson Blu Hotel, Victoria Island Lagos on Saturday, 29 October 2022. The Universities Ethics Challenge is designed to increase students’ awareness of the ethical dilemmas and issues they may face when they become finance and investment management professionals. During the Ethics Challenge, students are given…

Jan

15

2023

By Famous Reporters

Dangote Refinery Debunks Media Reports On Commissioning Date

Business#AlikoDangote, #Dangote, #NAOSNP, Petroleum

Dangote Refinery Debunks Media Reports On Commissioning Date Contrary to news making the round that the Dangote Petroleum Refinery was set to be commissioned by President Muhammadu Buhari on January 24, the latest is that the information is untrue. National Association of Online Security News Publishers, NAOSNP can report that this is official, as information from the company says the claim that Aliko Dangote’s $19 billion refinery is to be commissioned on January 24, 2023 is not to be, at least not for now. The facility, which is situated in Lagos’ Lekki Free Zone, is owned by…

Dec

23

2022

By Famous Reporters

Yuletide: Ecobank Reassures Customers Of 24-Hour Digital Banking Services

Business#CustomerCare, #EcoBank, #Ecosystem, #ThePanAfrican, #Yuletide

Yuletide: Ecobank Reassures Customers Of 24-Hour Digital Banking Services Lagos, December 22, 2022 Ahead of the Yuletide holidays, Ecobank Nigeria has reassured that customers will be able to shop seamlessly and carry out all their transactions via the Ecobank Digital platforms, which include the Ecobank Mobile app, USSD *326#, Ecobank Online, Ecobank OmniPlus, Ecobank Omnilite, EcobankPay, Ecobank RapidTransfer, ATMs, and PoS terminals. Also available to customers is an extensive distribution network of over 60,000 Ecobank Xpress Point agency banking locations spread across the country. Speaking on Ecobank Mobile app, Osahon Akpata, Group Head, Consumer Payments, Ecobank, said the…