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Standard and Poor allots UBA Plc ‘B/B’ ratings, stable outlook

STANDARD and Poor’s (S&P) an international rating agency, has assigned its ‘B’ long term and ‘B’ short term global scale counterpart credit ratings to the United Bank for Africa Plc (UBA). The rating agency noted that UBA’s market position “is supported by its good franchise in the corporate and retail …

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Medview Airline PLC pays dividends to shareholders at first AGM

BASED on the dividends approved by shareholders, Medview Airlines PLC will pay 3kobo per every 50 kobo ordinary share to its shareholders from May 19, 2017 with plans to improve on the figure at the next financial year. The airline on January 31, 2017 enlisted in the Nigeria Stock Exchange …

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Emirates Group total revenue hits $25.8billion despite poor aviation, travel returns

EMIRATES Group turnover hits $25.8 billion with a huge workforce of 105,000 for its 29th consecutive year of profit and steady business expansion, despite a turbulent year for aviation and travel. Released today in its 2016-17 Annual Report, the Emirates Group posted an AED 2.5 billion (US$ 670 million) profit …

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AfBAA builds training momentum signs MOUs with JAA TO, AATO

AFRICAN Business Aviation Association (AfBAA), has strengthened its commitment to educating the African business aviation sector by signing two significant Memos of Understanding (MoU), with leading international aviation training organizations. Vice-Chair of AfBAA’s Safety and Training Committee Nick Fadugba signed the first with Mrs. Margareth Josephath Kyarwenda, Secretary General, Association …

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UBA modernizes mobile payments with *919# magic banking

LEADING African financial institution,United Bank for Africa (UBA) Group,  in a bid to dominate Africa’s mobile banking space with the introduction of cutting edge technology-driven products and services, has introduced a full-fledged banking platform, tagged UBA Magic Banking and enabled by dialling *919# within Nigeria. The USSD code *919# enables …

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Ecobank plans optimization of branches, to invest in technology

IMMINENT job losses is brewing in Pan-African Ecobank as the bank plans to close branches as well as cut jobs ascribing it to massive investment in digital technology according to the bank Chief Executive Officer, Ade Adeyemi. Adeyemi who was discussing on the sidelines of the World Economic Forum for …

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CBN expels 16 banks from forex market, mulls sanctions

APEX bank, Central Bank of Nigeria (CBN) yesterday stopped 16 Deposit Money Banks from participating in the Small and Medium-scale Enterprises (SMEs)window of the foreign exchange market. This is just as the CBN said all the affected 16 banks that had refused to sell forex to small businesses after accessing …

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3 ways to add value to your customers and maintain your sales circle

BY Solomon Asuquo As a Travel Consultant or Travel Service Provider, how do you add value to your clients? In a perfectly competitive market like ours; if you can add real value to your clients, you will not only encourage them to buy travel products from you, but also to …

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Delta Air Lines announces $847 million March quarter profit

DELTA Air Lines has reported financial results for the March quarter 2017. Highlights of those results, including both GAAP and adjusted metrics, are below and incorporated here. Adjusted pre-tax income for the March 2017 quarter was $847 million, a $713 million decrease from the March 2016 quarter, primarily driven by …

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CBN auctions $418m to agriculture, airlines, petroleum sectors

THE Central Bank of Nigeria (CBN) has auctioned $418 million at a marginal rate of N310 to a dollar, to airlines, agriculture, petroleum and raw materials sub sectors. This is just as the apex bank has said that it would sustain forex supply.

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