Danbo Schools’ quest for qualitative education

October 19, 2021 Blueprint 0

Amidst the falling standard of education in Nigeria is the succour from Danbo international Schools. For the good people of Kaduna state and environs, the name of the school which continues to ring bell is synonymous to qualitative education delivery. The school in the last four decades, to the satisfaction of parents, guardians and educationists, has become a force to Read More

FG inaugurates technical board to develop institutes

September 30, 2021 Binta Shama 0

The federal government has launched a technical board of directors for the development of institutes under the National Agency for Science and Engineering Infrastructure (NASENI) on Thursday in Abuja. Speaking, the Secretary to the Government of the Federation (SGF) Mr. Boss Mustapha said the board as a technical committee is to supervise the technical operations of the boards. “I have Read More

Rising cost of commodities worry Reps

September 29, 2021 Joshua Egbodo 0

The persistent rise in prices of essential goods in Nigeria got attention of the House of Representatives Wednesday, as it resolved to constitute a special committee, to enable stakeholders on the development. The committee when constituted by the House’s leadership, is expected to among other things, launch an investigative hearing with all critical stakeholders in the country and carry out Read More

UBA grows Q2’s pre-tax profit 33.4% to N76.2bn

September 15, 2021 Blessing Anaro 0

Africa’s leading financial institution, the United Bank for Africa (UBA) Plc has announced its audited half year financial results for the half year ended June 30, 2021, showing impressive growth across all major income lines and performance indicators. The pan African financial institution delivered a 33.4 per cent appreciation in its profit before tax which rose to N76.2 billion as Read More

Access Bank sustains profitability as PAT rises by 42.44% 1H

September 2, 2021 Amaka Ifeakandu 0

Access Bank Plc has recorded impressive result at the of half year result, as profit after tax grew by 42.44 per cent. The bank result released yesterday showed that the profit rose from N61.035 billion reported the same period of last year to N86.936 billion. The profit before tax also moved toward positive direction, increasing by 31.21 per cent to Read More

Sterling Bank reports N5.7bn PAT in 1H

August 10, 2021 Ayoni M. Agbabiaka 0

Sterling Bank Plc , has reported a profit after tax (PAT) of N5.691 billion for the first half of 2021. This represents an increase of 5.097 per cent compared with N5.415 billion recorded in the corresponding period of last year. The bank also reported gross earnings of N68.609 billion within the period under review against N66.541 billion recorded in the Read More

Oando settles legal tussle with SEC, to pay penalties

July 19, 2021 David Agba 0

Oando Plc has entered into a settlement with the Securities and Exchange Commission (SEC) in the overriding interest of the shareholders of the company and the capital market after years of legal tussle. This was contained in a statement from SEC in Abuja. The commission in 2019 found Oando guilty of serious infractions, thereby barring Wale Tinubu, the company’s Chief Read More

Number of empty houses in Nigeria overwhelming – Fashola

July 8, 2021 Tope Sunday 0

Minister of Works and Housing Babatunde Fashola Thursday described the numbers of empty houses in the country as overwhelming just as he disclosed that the claim that the country has over 17 million housing deficits is not realistic. Fashola spoke in Abuja shortly after he inaugurated the newly reconstituted Board of Directors of the Federal Housing Authority, (FHA) under the Read More

AfreximBank to support Ogun infrastructure with $200m

June 29, 2021 Hakeem Adegbenro 0

The African Export-Import Bank (Afrexim) has disclosed its plans to support infrastructural development in Ogun state with an envelope of $200million. The fund, according to the bank, will be dedicated towards projects and other developmental initiatives embarked upon by the incumbent administration in the state. President and Chairman of the Board of Directors of the bank, Benedict Oramah, who made Read More

Custodian Investment acquires more shares in UPDC

June 22, 2021 Amaka Ifeakandu 0

Custodian Investment Plc is launching a mandatory takeover offer to acquire 34,415,332 ordinary shares of 50 kobo each in UPDC PLC at the rate of N0.90 kobo per share. The Numbers of share to be acquired by the company represents 3.02 per cent of the total minority shareholdings of UPDC. The process of the transaction would enable Custodian to offering Read More

UBA Group appoints Caroline Anyanwu as new board member

May 24, 2021 Blessing Anaro 0

United Bank for Africa (UBA), the leading pan-African financial services institution, today announced the appointment of Mrs. Caroline Anyanwu to its Board of Directors, effective May 19, 2021. Caroline Anyanwu holds a First-Class degree in Statistics from the University of Ilorin in Nigeria and has worked extensively in the fields of accounting, taxation, credit risk and banking throughout her career Read More

CSCS shareholders approve N5.58bn as total dividend payout

May 19, 2021 Blueprint 0

Shareholders of Central Securities Clearing System (CSCS) Plc, have approved total dividend payout of N5.58 billion for the 2020 financial year. The amount translated to N1.17 kobo per share held by investors at the close of business May 10, 2021, representing an increase of 36.0 per cent year-on-year growth in return to shareholders, when compared to the N4.3 billion dividend Read More

Moody’s places FBN on review for downgrade after CBN sacked board

Ratings agency Moody’s said it has placed First Bank of Nigeria (FBN) Plc on review for downgrade after the central bank sacked the board of the lender and its parent and appointed new directors. “The review will focus primarily on an assessment of evolving governance considerations at First Bank, specifically corporate governance developments,” Moody’s said in a statement. The Governor Read More

Malaysia Airlines to phase out A380s ‘in coming months’

Malaysia Aviation Group (MAG), Malaysia Airlines’ parent company, has indicated plans to retire its Airbus A380 fleet “in the coming months”. “We’re currently exploring ways of disposing the aircraft. We’re cognisant of the challenges of how to sell the aircraft [which is one possibility] but we’re exploring ways,” MAG’s group chief executive officer Izham Ismail said today at a media Read More

Updated: CBN sacks First bank directors, reinstates Adeduntan

The Central Bank of Nigeria (CBN) Thursday sacked the board of First Bank and its subsidiary, First Bank Holdings over the removal of the Managing Director/Chief Executive of the bank, Dr. Adesola Adeduntan. According to the apex bank, the boards’ action has negative implications for the country’s financial market.  For First Bank, the Chairman is Tunde Hassan-Odukale,  Managing Director is Sola Read More