For business and economic news from around the world
WorldStage Newsonline– Unity Bank has said that in line with the mandate of its shareholders to engage potential investors to recapitalize, the bank was talking to a number of investors and would update the public at the appropriate time.
Unity Bank in consultations with potential investors to recapitalize Read More
WorldStage Newsonline– Nigeria’s Minister of Finance and Chairman of the Federation Account Allocation Committee (FAAC), Mrs. Kemi Adeosun, has reconvened the meeting of the Committee for Wednesday, 28th March, 2018 at 9:00am to resolve the dispute that led to its adjourmant on Tuesday without sharing the federation allocation the three tiers of government on Tuesday.
Nigeria: Minister summons FAAC meeting for Wednesday, to meet NNPC GMD Read More
To help Africa find the path to its long-deserved economic fortune, the African Development Bank is championing the region’s premier investment market.
AfDB initiates Africa Investment Forum to accelerate economic transformation Read More
WorldStage Newsonline– The Federal Account Allocation committee (FAAC) meeting for the sharing of revenue by the three tiers of government in Nigeria for March was stalled on Tuesday due to belief that the revenue figure presented by Nigeria National Petroleum Corporation (NNPC) was inaccurate.
Nigeria: Dispute over NNPC’s revenue figure stalls monthly revenue sharing Read More
WorldStage Newsonline– United Bank for Africa Plc has announced its audited results for the financial year ended December 31, 2017, which showed that gross earnings grew substantially to N462 billion, up by 20 percent from N314 billion recorded in the corresponding period of 2017.
UBA sustains strong performance with N105.3b pretax profit in 2017 Read More
Ecobank Nigeria’s Managing Director, Mr Charles Kie says early adoption of financial principles is the panacea to success. He has therefore advised students and youths to imbibe financial principles at an early stage of their life as this will help them manage their resources effectively in the future. The Managing Director was speaking during a lecture session with students at Edgerley Memorial Secondary School, Calabar, Cross River State.
Ecobank Nigeria’s boss advocates early stage adoption of financial principles Read More
More than 150,000 Africans from 114 countries worldwide applied to join the 4th cycle of The Tony Elumelu Foundation’s (TEF) 10-year, $100 million TEF Entrepreneurship Programme. Today, the Foundation announced the African entrepreneurs with the most innovative, high-potential business ideas.
Tony Elumelu Foundation selects 1,000 entrepreneurs for 2018 programme – Read More
WorldStage Newsonline– Access Bank on Wednesday published its fourth quarter (Q4) 2017 results which showed that profit before tax (PBT) declined by 67% y/y to N7.2bn. no thanks to the -50% y/y reduction in non-interest income and a 125% y/y spike in loan loss provisions.
Access Bank posts 67% drop in pretax profit, as loan loss provisions hit125% Read More
The Lagos State Employment Trust Fund (LSETF) has confirmed that 600 of its trainees have received jobs commitment from employers while about 150 trainee graduates of its skills acquisition scheme under the Lagos State Employability Support Project (LSESP) organized in conjunction with the United Nations Development Programme (UNDP), have secured immediate employment.
LSETF: 150 trainees secure immediate employment, 600 get commitment Read More Nigeria’s Unity Bank Plc on Tuesday denied a report credited to Bloomberg that Milost Global Inc planned to invest USD1 billion in the bank.
Unity Bank denies report of planned $1b investment by Milost Global Inc Read More