9M-2020: CAP Plc reports N928m profit as revenue soars 34% in Q3

Maintains strong cash position of ₦4.97bn Envisages improved performance New growth strategy lifting operations, says MD _________________________________ Chemical and Allied Products Plc (CAP), one of Nigeria’s leading paints and decorative companies, has posted positive numbers in its unaudited results for the nine months ended 30 September 2020. The improved performance of the company defied the odds of the Corornavirus pandemic (COVID-19) and other economic headwinds within the period on the back of a new growth strategy of the company embarked on in 2019. According to the latest financial report, the …

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UBA Foundation raises prizes by 33% as entry for national essay competition commences

essay competition

Competition marks a decade of existence UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has commenced the 2020 edition of its annual National Essay Competition (NEC) in Nigeria with a call for entries. Now in its tenth year, the NEC is part of UBA Foundation’s education initiative which is aimed at promoting the reading culture and encouraging healthy and intellectual competition amongst secondary school students in Nigeria and across Africa. This year’s edition, which is the 10th since inception, has been modified to ensure…

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UBA rewards 100 more customers with N100,000 each in fresh Bumper Draw

UBA leads consortium to stake $1.5bn on NNPC, NPDC’s project

Pan African Financial institution, United Bank for Africa (UBA) Plc has rewarded another set of 100 loyal customers with a total of N10m in the UBA Bumper account draw. The 100 customers won N100,000 each in this month’s edition of the draw which began in January 2020. The virtual and transparent draw which was held at the UBA Head Office in Lagos on Wednesday, was transmitted live via the Facebook platform in strict compliance with social distancing rules as directed by the Federal and Lagos State Government. Just like the previous draw held…

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