Finance & Investment

DELTA Air Lines will make investments of $1.2bn in Virgin Atlantic, Aeromexico and LATAM as the partner airlines transform their businesses to emerge from the global pandemic stronger and more resilient. Upon completion of their respective restructuring or recapitalization processes, Delta is targeting a 20% equity stake in Aeromexico and a 10% equity stake in LATAM. In addition, Delta will …

  CENTRAL Bank of Nigeria earmarked a whopping sum of N41billion, which is being disbursed by Heritage Bank Plc to farmers across multiple States for the expansion of wheat production project.   The disbursed fund is to consummate the expansion of Wheat Seed Multiplication Project, as part of the CBN’s Brown Revolution Initiative, an intervention programme to flag-off and support …

MANAGING Director and Chief Executive Officer of Heritage Bank Plc, Ifie Sekibo has explained that for sustainable solutions to economic recovery government and stakeholders need to create opportunities and consciously include Small and Medium Enterprises and youth entrepreneurship. Sekibo made this submission on the sidelines of the 14th Annual Banking and Finance Conference of the Chartered Institute of Bankers of …

HERITAGE Bank Plc and seven other banks have provided a total of N15.5billion to assist SCOA Nigeria Plc for the importation and supply of MAN Platform Trucks and equipment to Julius Berger Nigeria for construction of 380km Abuja-Kaduna-Kano roads and many others across the country. Specifically, Heritage Bank availed SCOA Motors an Advance Payment Guarantee (APG) N4.64 billion for the …

DELTA AIR LINES has today reported financial results for the December quarter and full year 2020 and provided its outlook for the March quarter 2021.Highlights of the December quarter and full year 2020 results, including both GAAP and adjusted metrics, are on page five and are incorporated here. According to Delta CEO, Ed Bastian 2020 was one of the airline’s …

FOR the first time in seventy-one years, leading financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting (AGM) virtually by proxy on Wednesday, April 29, 2020 paying N1 per 50 kobo shares to shareholders as it promised the previous year despite the ravaging COVID-19 pandemic. This is just as the Bank’s stakeholders commended the Board of …

UNITED States Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa. This partnership ensures businesses are equipped with the technical and financial tools they need to enter into new trading and investment relationships in Africa …

UNITED Bank for Africa (UBA) Plc is deepening intra-African trade with the official launch of UBA Connect, a flagship product that enables the customers of the bank to conduct traditional banking transactions at any UBA branch in the 20 African countries where the bank operates. The service, which is available to both customers and non-customers alike, will not only encourage …

NO fewer than 2000 female entrepreneurs have benefitted from Heritage Bank’s financial inclusivity initiatives, as the institution has moved them towards self-reliance by engaging them in some Micro, Small and Medium Enterprises (MSMEs) This move is in line with the people-oriented policies of the Central Bank of Nigeria (CBN), Heritage Bank Plc is partnering with a Non-Governmental Organization, Prime Women …

FEDERAL Government has urged banks to re-strategize on their risk management methods in the sector as the use of huge intervention funds may not be sustainable in the financial system and would increase their weaknesses. Vice President, Yemi Osinbajo, who spoke at the Nigeria Deposit Insurance Corporation’s 30th anniversary lecture/book launch, on Monday in Abuja bemoaned the huge funds used …