Access Bank Zambia Limited is in advanced discussion with Cavmont Capital Holdings Zambia Plc regarding Merger of Cavmont Bank Limited.
COMFORT EKELEME, Asst Business Editor
Despite several measures put in place by the federal government to cushion the effect of the COVID-19 pandemic on small businesses in Nigeria, Association of Micro Entrepreneurs of Nigeria (AMEN) has raised alarm over the future of Small and Medium scale Enterprises (SMEs), saying that there is need for adequate support in order to save the sub-sector.
Zenith Bank Plc has again emerged as the Number One Bank in Nigeria by Tier-1 Capital in the 2020 Top 1000 World Banks Ranking published by The Banker Magazine. Climbing a whopping 29 spots from 415 in 2019 to 386 in the 2020 global ranking of banks, Zenith Bank retained its position as the number one Tier-1 bank in Nigeria with Tier-1 Capital of $2.79 billion, an increase of 16.1% on the $2.40 billion recorded in the 2019 rankings.
Plans are at an advanced stage to harmonise the training procedures of the Nigerian Maritime Administration and Safety Agency (NIMASA) and the Nigerian Navy for the improved safety and security of the country’s maritime space.
Access Bank, has rescinded its position on the deduction of three-month accrued stamp duty from its customers.
The tier-1 Bank first made this known through a press a statement on its social media platforms.
COMFORT EKELEME, Asst. Business Editor
As the COVID-19 Pandemic is currently ravaging world economies with Nigeria recording 26,484 confirmed cases and 603 deaths, President, Manufacturers Association of Nigeria (MAN) Mansur Ahmed has urged members adherer strictly to the Nigeria Centre for Disease Control (NCDC) and Presidential Task Force (PTF) protocols.
Shareholders of Skyway Aviation Handling Company Plc (SAHCOL), Tuesday approved a total dividend of N223.34 million for the financial year ended Dec. 31, 2019.
Cadbury Nigeria Plc has commended Mr. Atedo Peterside, its immediate past Chairman, for his unwavering leadership through a period of transformational change. In a statement, The Managing Director, Cadbury Nigeria, Mrs. Notebooks Adeboye, said Mr. Peterside, who announced his resignation from the Board of the Company on June 30, 2020, contributed significantly to the company’s growth. “Cadbury Nigeria Plc has benefitted from Mr. Peterside’s wealth of experience", Mrs. Adeboye said, adding:. “His inspiring leadership style and astute management skills have been of significant value to our Company.” She stated hat Peterside has been a great support to executive management, challenging and encouraging the team through the years. She also said the Board, Management and Staff of Cadbury Nigeria appreciated the immense contributions of Peterside to the success of the Company and wish him well in his future endeavours. Mr. Peterside has been a member of the Board of Directors of Cadbury Nigeria since 5th August 2009. He became Chairman on 21st April 2010. He announced his resignation from the Company on 30th June 2020, to move on to concentrate on other challenges. In a statement announcing his resignation, Mr. Peterside said: “We successfully held our 55th Annual General Meeting (AGM) last week and our Managing Director has settled nicely and consolidated her position over the course of the last 15 months. “The Company is on a profitability path that can be sustained if normal trading conditions are allowed to prevail. The Board of Cadbury is well endowed and my departure from the Board also enables the Company to inject a new independent director into the fold. The periodic injection of "new blood" is good for the system especially when further diversity is achieved in the process viz geography, demography and the injection of new and varied skill sets.” Shareholders at the AGM had commended Peterside for transforming Cadbury Nigeria since he joined the Board of the Company. For a better society
COMFORT EKELEME, Asst Business Editor
The recent Best Corporate Governance in Nigeria award won by FBN Holdings Plc has continued to receive commendations, as shareholders of the bank have attributed the success story to proactive management team led by , Urum Kalu Eke, the Group Managing Director, FBN Holdings.
Nigeria confirmed on Tuesday that it has no plans to source debt from the Eurobond market this year as it shifts its focus to domestic borrowing and sourcing from concessional sources. This was confirmed by the Director General of the Debt Management Office, Mrs.Patience Oniha at an investor conference held recently. Continue reading “DMO says no plans for fresh Eurobond issues”