Business articles

Kennedy Uzoka GMD CEO UBA Photo

$500m Eurobond: Global Investors Validate UBA’s Pan-African Growth Strategy

$500m Eurobond: Global Investors Validate UBA’s Pan-African Growth Strategy

Group Managing Director and Chief Executive Officer, United Bank for Africa Plc., UBA, Kennedy Uzoka says the $500 million Eurobond raised by the bank, which was 240 percent over-subscribed, reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. According to the Bank, the Global Offering is a five-year

Pelumi Fadairo Photo

Heirs Holdings Appoints New Director Of Marketing, Corporate Communications

Heirs Holdings has appointed Pelumi Fadairo as Director of Marketing and Corporate Communications.  Fadairo will be responsible for driving the Group’s strategic marketing objectives and coordinating brand management of its rapidly growing portfolio of Pan-African Investments in the power, financial services, oil and gas, hospitality, real estate and healthcare sectors. Prior to her appointment, Fadairo was the CMO

Valentine’s Day

Valentine’s Day Marred By Recession

By Oluwatoyin Akinrinola The harsh economic conditions in the country was a spoil sport for many people who ordinarily wouldn’t have spared no expenses to give their loved ones a treat on Valentine’s Day Femi Abimbola, an engineer had always looked forward to February 14 with excitement.  Popularly called Valentine’s or Lover’s Day, February 14

Tell Edition Cover Page

The Hard Way Out Of Recession

The federal government faces an uphill task to pull the economy out of recession as the third quarter gross domestic product growth rate gives a faint hope of quick recovery  When the National Bureau of Statistics, NBS, announced its report of the gross domestic product, GDP, growth rate for the second quarter of 2016, which

President Muhammadu Buhari

The Odds Against Buhari’s $30 Billion Loan

President Muhammadu Buhari’s quest to secure about N9.12 trillion foreign loans, required by his administration for infrastructural development, to get the country out of recession may surfer a setback due to political rivalry and failure of the government to gain the confidence of the people   The feeling within the Presidential Villa last week was

mCash product

Fidelity Bank Launches NIBSS mCash Product

As part of the renewed efforts to further drive the financial inclusion mandates of the Central Bank of Nigeria, CBN, Fidelity Bank Plc has gone live on the Nigerian Inter-Bank Settlement System, NIBSS mCash product which will allow it’s registered merchants to receive payments from customers using their phones. Launched in collaboration with the NIBSS,

Ernest Ebi

Fidelity Bank Gets New Board Leadership

Fidelity Bank Plc appoints three new non-executive directors, among them, a former deputy governor of the Central Bank of Nigeria A former Deputy Governor of the Central Bank of Nigeria, CBN, Ernest Ebi has emerged as a non-executive director and chairman designate of the board of directors, Fidelity Bank Plc. The appointment comes on the

Photo: Ade Ayeyemi

Financial Inclusion Is Our Goal – Ade Ayeyemi

Financial Inclusion Is Our Goal – Ade Ayeyemi, Group Chief Executive Officer, Eco Bank,  What is Ecobank’s overall vision and new strategy to increase its customer base? Our goal is to create an Ecobank that serves as a leader not only in the market but a leader that solves problems that face our customers, ensures financial inclusion

Photo of Muhammadu Buhari

FG Unfolds Plans For $29.960bn Foreign Loan

The Federal Government has given details of its plans to take a $29.960 billion foreign loans designed to address infrastructure deficit in the country. Festus Akanbi, Special Assistant on Media to the Minister of Finance, Kemi Adeosun, said in a statement issued in Abuja that the borrowing is a three-year-plan covering proposed projects for 2016