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FY 2020: Fidelity Bank posts N28.1bn profit


Africa’s leading data and analytics Company and Facebook Conversions API partner, Terragon, is set to hold a webinar aimed at highlighting the colossal impact the death of third party cookies presents to the Digital Advertising ecosystem, specifically as it relates to Brands and Digital Advertising Agencies in Africa. Along with Industry experts from PwC and Facebook, they will be proffering effective solutions to help brands thrive despite this impending event.
The webinar which is titled:
Online Advertising in a Post-Cooking World: Delivering personalised Ads with the Terragon CDP and Facebook Conversions API,” is open to Brands (advertisers) across various verticals including e-commerce, finance, FMCG etc as well as advertising agencies operating in the Sub-Saharan African market, wherein Terragon is the only African-founded CDP Company partnered with Facebook to offer this solution in Africa. ....

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UUAC of Nigeria PLC records N4.3 billion net income in FY 2020


Commenting on the performance, Group Managing Director, Fola Aiyesimoju, stated:
“FY 2020 was challenging, with operational disruptions related to COVID-19 and ENDSARS protests. I thank my colleagues across the Group for their courage, sacrifice, and dedication in navigating complexity.
We focused on executing our strategy, implementing initiatives relating to UPDC, significantly reducing leverage and increasing cash, strengthening management, and driving profitability. Operating performance for the year was negatively impacted by the aforementioned disruptions, as well as, input cost escalation. Our efforts resulted in net income of N4.3 billion in 2020.
We benefited from N1.2 billion in non-recurring gains from investments in associates, MDS Logistics Limited (“MDS Logistics”) and UACN Property Development Company PLC (“UPDC”). ....

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