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In recognition of the strong underlying fundamentals driving its business, Datapro reaffirmed an “A” rating on the Bank’s N10 billion 7-Year Subordinated Unsecured Bond issued under its N50 billion debt issuance programme. The bond has a fixed coupon rate of 12% per annum. This achievement follows the recent publication of the Bank’s financial results for FY2020 in which it declared ... Read More »

– Heirs Oil & Gas (HHOG), the leading African integrated energy company, has announced the appointment of Osayande Igiehon as Chief Executive Officer, effective May 4, 2021, together with a distinguished non-executive board, bringing together leading industry figures, with considerable global and regional experience. Heirs Holdings Limited’s (HH) portfolio company, HHOG, completed the acquisition of OML17 in January 2021, in ... Read More »

Pan African financial institution, United Bank for Africa (UBA) Plc, has rewarded 10 of its loyal customers with a total sum of N10m in the quarterly draws of the ongoing UBA Savings Promo. This promo, which is held every quarter, is intended to appreciate loyal customers of the bank, who have stayed with the bank over the years, and offers ... Read More »

Honeywell Group has said it is servicing loan facilities obtained from First Bank of Nigeria Limited and other financial institutions to carry out its operations. The company, in a statement released in Lagos, said like most companies, it utilises its own equity and borrows from banks and other financial institutions to carry out its operations. It added that it has ... Read More »

Dangote Allays Fear of Lekki Fishing Communities over Jetty, Shoreline Protection The Management of Dangote Petroleum Refinery and Petrochemicals on Thursday, reiterated its commitment to protecting the shorelines and fishing activities in Lekki coastal environment, thereby allaying the fears of fishermen and other residents in the area. The company said its Dangote Jetty has been constructed with Sandbar Breakwater technology, ... Read More »

Foremost Pan-African financial and investment services group, United Capital Plc has announced its audited results for the full year ended December 31, 2020, recording double-digit growth across all its major income lines. Despite the Covid-19 pandemic and the resultant challenging operating environment, the investment institution leveraged on increased efficiency to deliver an impressive 61 per cent year-on-year growth in profit ... Read More »

Mouka, Nigeria’s leading manufacturer of mattresses, pillows and other bedding products has given out 54 brand new trucks to its Business Partners at this year’s awards ceremony. The rewards were in recognition of their contribution to the company’s growth trajectory andalso to boosts the morale and trade of the Business Partners. The event was held at the company’s head office ... Read More »

Taking into consideration the dynamism of the real estate sector in the world and the importance of promptness in attending to customers need, leader in the real estate sector in Nigeria, GText Homes has introduced new features to its service. Unveiling its post COVID-19 plans in Lagos, CEO of Gtext, Stephen Akintayo said the real estate industry could solve unemployment ... Read More »

…Coalition to set up medical tents for testing, treatment in Lagos Aliko Dangote through the Aliko Dangote Foundation will be leading a coalition of private sector organisations spearheading a coalition of private sector organisations to support the Federal Government’s ongoing efforts to tackle the coronavirus (COVID-19) menace sweeping across the country. This gesture is in addition to the N200 million ... Read More »

Tony O. Elumelu, CON, Founder of The Tony Elumelu Foundation (TEF) and Chairman of the United Bank for Africa Group (UBA) and Heirs Holdings, will be conferred with the National Productivity Order of Merit (NPOM) Award by the President of the Federal Republic of Nigeria, H.E. Muhammadu Buhari, GCFR in recognition of his continuous hard work and total commitment to the empowerment of youths in Nigeria and Africa. The ... Read More »