Business News

Transcorp Hotels Plc Hy 2018 Profit After Tax Expands By 85%

The pride and pearl of the Nigerian Hospitality Industry, Transcorp Hotels Plc. (“Transcorp Hotels”) has announced its Unaudited Financial Statements for the period ended June 30, 2018. The company showed significant growth over same period last year recording a turnover of N8.01billion, Profit Before Tax of N2.02billion and Earning Per Share of 17.84 Kobo. Transcorp Hotels delivered […]

Business News

Firstbank Set To Reward Customers For Using Naira MasterCard

First Bank of Nigeria Limited has announced a promotional campaign to reward its customers for using their FirstBank Naira MasterCard for international transactions. The promo will run for four months, beginning in July 2018, through October, 2018. The FirstBank Naira MasterCard variants include the Classic MasterCard Debit, Platinum MasterCard Debit, and the Expressions on Cards. […]

Business News

Oando Boss, Tinubu In N244.8b Debt Mess

The lingering crisis between Oando Plc and Ansbury Investments Incorporated has taken another dimension as a London court ordered two companies owned by the Chief Executive Officer of Oando Plc, Mr. Wale Tinubu, and his deputy, Mr. Mofe Boyo, to pay a total debt of US$680 million (N244.8 billion) to Ansbury Investments, owned by Mr. […]

Business News society

Heritage Bank, CIBN Promote Robust Engagement For Bankers, Customers

Heritage Bank Plc, Nigeria’s most innovative banking services provider, has again demonstrated its commitment to the growth and progress of the banking profession by partnering with the Lagos branch of the Chartered Institute of Bankers (CIBN) to host the 2018 Lagos Bankers & Stakeholders’ Nite. General Manager and Chief Compliance Officer of Heritage Bank, Mr. […]

Business society

Tony Elumelu Hosts French President, Macron In Interactive Session

The President of the French Republic, H.E. Emmanuel Macron, who is in Nigeria on a working visit, was today Wednesday, hosted by business tycoon, Tony Elumelu at an interactive session with more than 2,000 budding entrepreneurs from Africa. These entrepreneurs are alumni of the Tony Elumelu Foundation(TEF) Entrepreneurship Programme. The session, which is the highlight of […]

Business News

Diamond Bank Appoints Bickersteth Chairman As Ogbechie Retires

Diamond Bank recently announced the appointment of Oluseyi Bickersteth as the new Chairman of the Board of Directors, effective June 26, 2018. This appointment comes against the backdrop of Bickerseth’s strong values and vision which both align with the bank’s current focus of delivering excellent performance by leveraging technology to provide financial solutions to retail markets. […]