Business

1,400 have their ministries moving to the permanent sites, UBA Plc’s ministry moving to six permanent sites

The Lagos State Employment Trust Fund (LSETF) says it has made total disbursement of its fund at the moment of about N1.7 billion, to 1,400 beneficiaries.

1,400 people have benefited from LSETF.

The Lagos State Employment Trust Fund (LSETF) says it has made total disbursement of its fund at the moment of about N1.7 billion, to 1,400 beneficiaries. The Executive Secretary, LSETF, Mr. Akin Oyebode, who disclosed this, said the target of the organisation was to disburse at least N25billion to 100,000 businesses by 2019. We’re here for this type of movement of the spirit and we encourage all Lagos based businesses to tap into this anointing from LSETF.

 

 

United Bank For Africa Plc to open in six new countries

While not giving out the exact countries, the Head, Investor Relations, UBA Plc, Mr. Abiola Rasaq, explained that the bank’s operating license in some of the African countries allows it to expand into some neighboring countries without raising fresh capital.

“There are two different types of licences. There is the unit licence and uniform licence. The unit licence only allows you to operate in just one country. In Senegal today, we have a uniform licence. That uniform licence gives us the priority to actually passport our licence for example into Mali, if we think Mali is right. So, our business in Chad today, holds a uniform licence that gives us the opportunity to passport that licence into Niger Republic if we think the timing is right and there are opportunities in those markets. So, this is a strategy we want to use to go into those markets we are targeting.”

This is an endorsed movement to permanent site, pray that your business shall experience similar grace.

 

 

Never been a sweeter time in Dangote Land

Dangote Sugar Records N14.4bn Profit. Dangote Sugar Refinery (DSR) Plc reported a profit after tax (PAT) of N14.4 billion for the year ended December 31, 2016, showing an increase of 29 per cent above the N11.14 billion in 2015. According to the audited results, gross revenue rose by 68 per cent from N101.06 billion in 2015 to N169.72 billion. I’m sure a lot of you BitterLeaf Refinery Plc shareholders will point out that the increase in profit is due to increase in price as production volume largely stayed the same. But still there’s enough sugar for all of you 😛