BUSINESS

Shareholders Praise Sterling HoldCo Performance And Leadership

Daily Dispatch November 14, 2023

Shareholders of Sterling Financial Holdings Company Plc have commended the board and management of the company for its performance in its operations and earnings, and the diversification of the group’s business lines since completing the transition to a holding company structure. This

BUSINESS

Union Bank of Nigeria completes shareholding takeover, delist from Stock Exchange

Daily Dispatch November 14, 2023

In May, 2023, Union Bank received an offer from its core shareholder, Titan Trust Bank Limited, to acquire the shares of all minority shareholders in Union Bank after the completion of core investors’ sale of a majority shareholding to Titan Trust Bank Limited, a subsidiary of TGI Group. The acquisition of the minority shareholding has […]

BUSINESS

Just In: Saudi Arabia Cancels Visa of All Air Peace 264 Nigerian Passengers On Arrival

Daily Dispatch November 13, 2023

Saudi Arabia has cancelled the visa of all the 264 passengers airlifted by Nigeria’s major carrier, Air Peace, on arrival in Jeddah from Kano and insisted that the airline should return them back to Nigeria. It later allowed 87 passengers to remain and insisted 177 should follow the Air Peace flight back to Nigeria. The […]

BUSINESS

MTN to exit Liberia, Guinea-Bissau, Guinea-Conakry

Daily Dispatch November 13, 2023

African telecommunication giant, MTN, is considering exiting three markets on the continent. This is according to a report by Business Insider Africa. The pan-African mobile operator, which currently has a presence in 19 countries on the continent and the Middle East, said that discussions are also ongoing regarding the potential “orderly exit” of its operations […]

BUSINESS

UBA’s Impressive ROAE Reflects Profitability, Efficiency, And Boosts Investor Confidence

Daily Dispatch November 13, 2023

In its 9-month financial results for 2023, UBA achieved 125% year-over-year growth in return on average equity, reaching 44.37%. Combined with a return on average assets of 4.42% and a year-to-date share price gain of 173%, the highest in the banking sector, it reflects improved profitability and efficiency, and is likely to sustain positive investor […]

BUSINESS

NNPC Ltd Restores Production of 275,000bopd

Daily Dispatch November 12, 2023

PRESS RELEASE …Settles Lingering PENGASSAN-Total Energies Management Rift Following a peace deal brokered on Sunday by the Nigerian National Petroleum Company Limited, NNPCL, between the Management of Total Energies, operator of the NNPC/Total JV, the Petroleum and Natural Gas Senior Staff Association, (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers