Updates

UBA, MEC Inc., Launch Revolutionary Omni-Channel Payment System, EmailMoni

October 20. 2016/UBA Plc MEC, Inc.  announced today it has entered into agreements with pan-African financial services group, United Bank for Africa (“UBA”) Plc to provide a revolutionary email-based billing, payment and banking software system called “EmailMoni.” EmailMoni represents the world’s latest fin-tech for cloud banking and social payments, and is expected […]

“If youth is our future, then we are already behind schedule,” AfDB President tells Ministers

19/10/2016/AfDB Africa’s youth are the future. We must invest in them for the good of society and for the benefit of the continent. These were among the messages delivered Tuesday, during a high-level conference on Youth Employment in Africa, organized by the African Development Bank at its headquarters in Abidjan. […]

GUARANTY Shares Rated Neutral; Reports Significant Increase in Loan Loss Provisions in Q3’16 Results

Culled—Proshare October 19, 2016/FBNQuest Research Event: GT Bank reports Q3 2016 results Implications: Positive reaction by the market likely Positives: Strong non-interest income of N46.3bn, up +184% y/y Negatives: A significant increase (+662% y/y) in loan loss provisions GT Bank’s Q3 2016 results which were published today showed a very […]