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Managing Director/Regional Executive, Ecobank Nigeria, Patrick Akinwuntan has described the recently launched Pan-African Payment and Settlement System (PAPSS) as a critical enabler for intra Africa trade. Akinwuntan who spoke on Arise TV on the launch of the payment settlement system regulatory framework, emphasized that the new payment method will serve as a backbone through which all the countries […]

UAC has announced the completion of the unbundling of the Company’s 649,392,661 UPDC REIT units to the shareholders of UAC, effective November 11 2021. Qualifying UAC shareholders have been credited with UPDC REIT units in accordance with the terms of the Scheme of Arrangement. The Scheme was effected by the transfer of the units held by UAC[…]

First Bank of Nigeria Holdings on Monday published its audited third quarter for the period ended 30 September 2021. Gross Earnings of N427.397 billion was achieved for the nine months period, down by 2.85% from N439.923 billion recorded the previous year. Profit after tax of N40.791 billion was reported for the nine months period, down by 40.15%[…]