E-Tranzact Plc says it recorded 400 million data transactions worth N30tn in 2018. The Managing Director/Chief Executive Officer, E-Tranzact, Mr Niyi Toluwalope, while speaking at a press briefing in Lagos, said though the company recorded an increase in revenue in 2018, the high operating cost negatively affected its bottom-line. He said the company was working […]

Union Bank Nigeria Plc has announced a four per cent growth in its profit for the six-month period ended June 30, 2019. In its unaudited financial statement, which was made available to the Nigerian Stock Exchange, the bank said its profit grew from N11.7bn in 2018 to N12.1bn in 2019. It said its gross earnings […]

Wapic Insurance Plc’s gross written premium increased year-on-year by 24 per cent to N8.7bn in the second quarter of 2019 compared to N6.9bn in the same period of 2018. A statement from the underwriting firm on its unaudited results for the period ended June 30, 2019 said this was buoyed by sustained leadership status in […]

Jaiz Bank Plc says its post-tax profits increased by 295 per cent in the first quarter of 2019. The latest statement released by the non-interest bank confirmed this. Its records released to the Nigerian Stock Exchange on the half year, which ended on June 30, 2019, also showed that the bank’s gross earnings rose by […]

First City Monument Bank has introduced an enhanced agro-commodity trade finance facility for agribusiness operators, as part of its efforts to expand its support for the agricultural sector, its value-chain and the overall growth of the economy. The bank said the revamped facility was designed for agro-commodity merchants with supply contracts to multinationals, large corporates […]

The African Development Bank Group has signed a $4.8m institutional support grant to the African Union for implementation   of the African Continental Free Trade Area agreement. The grant, approved by the Group’s Board of Directors in April, forms part of a series of interventions by the bank in its lead role to accelerate implementation of […]

The Nigerian National Petroleum Corporation on Tuesday expressed its preparedness to re-enter and begin full operations at the Chad Basin, Gongola and Benue Trough, as it seeks a holistic military support for the protection of its workforce and high-tech equipment. NNPC’s Group Managing Director, Mele Kyari, disclosed this when he led top management of the […]