2023: UBA Settles For N78.7 Billion Final Dividends To Shareholders
2023: UBA Settles For N78.7 Billion Final Dividends To Shareholders The UBA shareholders will receive a final dividend of N78.7 billion for FY 2023, representing N2.30 per ordinary share held. Combined with an interim dividend of N0.50 per share paid for H1 2023, UBA paid a total dividend of N2.80 per share, amounting to N95.8 billion. The total dividend of N95.8 billion paid for FY 2023 represents a 154.8% increase from the N37.6 billion paid as total dividends for 2022. Despite an increase in total dividends paid out for 2023, the group’…
Stanbic IBTC’s optimised Super App and Enterprise Online 2.0 now live!
Stanbic IBTC’s optimised Super App and Enterprise Online 2.0 now live! Stanbic IBTC Bank, a leading provider of innovative financial services in Nigeria, has recently launched a new platform called Enterprise Online 2.0. This platform is the web version of the upgraded Stanbic IBTC Bank's Super App, designed especially for business clients who prefer to use the web version. The Bank unveiled these solutions at a media event held recently at its Walter Carinting Crescent Office on Victoria Island. L-R: Remi Osuagwu, Executive Director, …
AltBank, Sterling One Foundation, Lagos Foodbank combat hunger, champion education
AltBank, Sterling One Foundation, Lagos Foodbank combat hunger, champion education The Alternative Bank Limited (AltBank) has announced a strategic collaboration with FoodBank and Sterling One Foundation to raise approximately N20 million in support of hunger alleviation and educational initiatives. This initiative aligns with the theme of the African Union Summit 2024, "Educate and Skill Africa for the 21st Century." Hassan Yusuf, the Managing Director of The Alternative Bank, unveiled this plan in a press release, highlighting the…
Q1 2024 Media Sentiment: Nigerian Banking, Fintech, and Telecom Sectors Thrive Despite Economic Challenges
Q1 2024 Media Sentiment: Nigerian Banking, Fintech, and Telecom Sectors Thrive Despite Economic Challenges Nigeria’s commercial banking, fintech, and telecommunications sectors have maintained excellent media interactions, marketing, and awareness since the start of 2024 despite the weakening of the Naira against the Dollar and its effect on businesses across the country. These were further enhanced by the remarkable data it gave the media in the first quarter of the year. This media analysis monitors more than 1.3 million online publicati…
Dangote crashes Diesel price to N1,000 per litre
Dangote crashes Diesel price to N1,000 per litre In an unprecedented move, Dangote Petroleum Refinery has announced a further reduction of the price of diesel from 1200 to 1,000 naira per litre. While rolling out the products, the refinery supplied at a substantially reduced price of N1,200 per litre three weeks ago, representing over 30 per cent reduction from the previous market price of about N1,600 per litre. This significant reduction in the price of diesel, at Dangote Petroleum Refinery, is expected to positively affect all the s…
Fidelity Bank grows Profit by 131.5% in FY 2023
Fidelity Bank grows Profit by 131.5% in FY 2023 - Declares a final dividend of 60kobo per share Lagos, Nigeria, April 16, 2024 : Leading financial institution, Fidelity Bank Plc, has released its 2023 full year Audited Financial Statements, reporting a 131.5% growth in Profit Before Tax to N 124,26 billion. According to the results, which was issued to the Nigerian Exchange (NGX) today, the bank grew Gross Earnings by 64.9% YoY to N555.83 billion, driven by 81.6% growth in Net interest income which increased from N152.7billion to N277.37 b…
Stanbic IBTC Capital, Lead Issuing House for Axxela Funding 1 PLC’s ₦16.4b 10-Year Series 1 Fixed Rate Bond
Stanbic IBTC Capital, Lead Issuing House for Axxela Funding 1 PLC’s ₦16.4b 10-Year Series 1 Fixed Rate Bond Axxela Funding 1 PLC (“the Issuer”), a funding vehicle incorporated by Axxela Limited (“Axxela” or the “Company”), sub-Saharan Africa’s leading gas and power portfolio company, has achieved a significant milestone with the successful completion of its ₦16.4 billion Series 1 Fixed Rate Bonds due 2034 (the “Bond Issuance” or the “Transaction”). The Transaction was issued under its newly established ₦50 billion Multi-Instrument Issuance P…
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