United Bank for Africa (UBA) Plc has rejected the reported sale of its 60 per cent stake in the Ibadan Electricity Distribution Company (IBEDC) for N100 billion by the Asset Management Corporation of Nigeria (AMCON), describing the transaction as unlawful, opaque, and carried out without its consent or due process. Speaking during a media […]
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Nigeria’s major financial service institution, Zenith Bank Plc has maintained its position as the number one bank in Nigeria by Tier-1 capital rating for the 16th consecutive year. The bank clinched the position in the 2025 Top 1,000 World Banks Rankings published by The Banker, a publication of the Financial Times Group, United Kingdom. […]
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At 55, Dr. AweleElumelu doesn’t merely wear many hats; she crafts them, stitches them with purpose, and hands them to others. Physician. Entrepreneur. Philanthropist. Marathoner. Wife. Mother. Architect of access in Africa’s healthcare maze. Born in Delta State and trained across Nigeria and the United Kingdom, Lady Awele is not simply a doctor who traded […]
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Shareholders under the aegis of the Independent Shareholders Association of Nigeria (ISAN), have condemned the recent legislation mandating the transfer of unclaimed dividends from companies’ registrars to the Central Bank of Nigeria (CBN) for management. The group, in a statement signed by its national coordinator, Mr. Moses Igbrude, condemned the National Assembly’s decision to pass […]
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The new initiative of the Dangote Petroleum Refinery has continued to draw accolades from energy experts in the country, with some describing it as the best that has happened to the sector since Independence. The Chief Executive of Financial Derivatives Company, Bismarck Rewane, said the company’s free distribution initiative will reduce production costs, ease inflationary […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024, with all major indicators witnessing significant improvement. The 2024 financials, filed with the Nigerian Exchange Limited (NGx) on Monday, showed an impressive rise in the bank’s profit after tax which went up […]
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The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries. TEF Founder, Mr Tony Elumelu, made this known recently in Abuja during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme. He stated that each beneficiary would receive a $5,000 seed grant to […]
Read More The growing influence of the Dangote Petroleum Refinery & Petrochemicals is extending far beyond Africa and the Middle East, as the United States imports over two million barrels of jet fuel from the world’s largest single-train refinery in March. Experts assert that this development should bring immense joy to Nigerians, as it attests to the […]
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Founder of Heirs Holdings and Group Chair, Tony O. Elumelu, CFR, has been appointed by the International Monetary Fund (IMF) to its Advisory Council on Entrepreneurship and Growth, convened by IMF Managing Director, Kristalina Georgieva. Elumelu, Africa’s leading advocate of entrepreneurship and whose Foundation has funded, mentored and trained over 25,000 African entrepreneurs since 2015, […]
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The Lagos State Internal Revenue Service (LIRS) reminds all individual taxpayers, including self-employed individuals, those in the informal sector, and employees under the Pay-As-You-Earn (PAYE) scheme, to submit their Annual Tax Returns on or before March 31, 2025. This directive is in accordance with the Personal Income Tax Act (PITA) 2004 as amended. Ayodele Subair, […]
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Dangote Petroleum Refinery & Petrochemicals has announced that it will refund customers who purchase Premium Motor Spirit (PMS) at rates higher than the advertised prices from any of its key partners – AP (Ardova Plc), Heyden, or MRS – across Nigeria. This move follows the refinery’s recent reduction of its gantry price from N890 per […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of $500,000 to the African Union (AU) Peace Fund. This donation by the UBA Group supports the AU’s efforts towards promoting security, conflict resolution, sustainable development, and a unified Africa, as envisioned […]
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