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A view of the Diamond Bank is seen along the Lekki-Epe Expressway in Lekki, Lagos, Nigeria September 12, 2017.

Merger: Access, Diamond Bank get final approval from CBN, SEC

Access and Diamond Bank Plc announced that they have received the final approval of both the Central Bank of Nigeria (CBN), and the Securities and Exchange Commission (SEC), to the proposed scheme of merger between both financial institutions. The banks had recently obtained approval in principle from the regulatory bodies as they await the final […]

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A general view of Marina street shows the United Bank of Africa's building in Nigeria's commercial capital Lagos, May 29, 2008. REUTERS/Akintunde Akinleye

UBA recorded significant asset growth as earnings hits ₦494 bln

LAGOS, NIGERIA – March 17, 2019 – The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines. According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 percent to […]

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An Access bank signage is displayed on the roof of the bank's building in Abuja

Access Bank recorded 58 pct profit growth in FY 2018

Access Bank Plc has released its audited financial results for the full year (FY) ended December 31, 2018 showing an increase of 58% in Profit after Tax (PAT) to N95.0 billion from N60.1 billion in the corresponding period of 2017. The Bank’s audited results which was released to The Nigerian Stock Exchange on Friday also […]

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L-R: President Muhammadu Buhari, President of Togo, Faure Gnassingbe;President of Niger, Mahamadou Issoufou; Ivory Coast President, Alassane Ouattara; and President of Ghana, Nana Akufo Ado, at the Economic Community of West African States summit on the creation of ECOWAS single currency in Niamey, Niger Republic... on Tuesday. Photo: State House

AU may soon launch single African currency to accelerate economic integration

As the Economic Community of West African States (ECOWAS) is still battling with teething problems of its age long pet project of single currency, the Africa Union (AU) may have seized the initiative to launch common monetary policy and single currency to accelerate economic integration of African countries. According to Ms Naglaa Nozahie, a Special […]

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Maikanti Baru

Baru orders DSDP partners to patronise NNPC Shipping Coy

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has advised all its partners involved in the Direct Sale Direct Purchase (DSDP) scheme to patronise the NNPC shipping subsidiary (NIDAS), as a way of sustaining the profitability of the national oil outfit. Baru passed the advice to two of NNPC’s […]

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Protests In Nigeria’s Port Harcourt Over Vote Suspension

Govs election: El-Rufai, Ayade, Shehu, Bagudu, Bunu, Bello, Sule, others win

MORE results of Saturday’s governorship elections were released, Monday, with Governors Ben Ayade of Cross River, Nasir el-Rufai of Kaduna, Aminu Bello Masari of Katsina, Abubakar Bagudu of Kebbi, Abubakar Bello of Niger, and Badaru Abubakar of Jigawa handed re-election mandates. Of the lot, only Ayade won on the platform of the Peoples Democratic Party, […]

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Jide-Sanwo-Olu

I was confident Lagosians will choose courage over fear – Sanwo Olu

Lagos State Governor-elect, Mr. Babajide Sanwo-Olu said he was confident that the people of the State would choose courage over fear in the just concluded gubernatorial election. Sanwo-Olu polled a total of 739,445 votes to defeat his main challenger, Mr. Jimi Agbaje of the Peoples Democratic Party, who got a total of 206,141 votes. Declaring […]

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Atiku Abubakar, PDP presidential candidate

Atiku committed to challenging 2019 presidential result

Former Vice President Atiku Abubakar on Saturday lamented the low turnout of voters in the Governorship and State Assembly polls, blaming it on irregularities observed in the presidential election. The defeated presidential candidate of the Peoples Democratic Party (PDP) made the observation while speaking with reporters in Yola shortly after casting his vote at the […]

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Nigeria’s Buhari Looks To Consolidate At State Polls

Nigerians heads to the polls as governorship election begins

Voting begins throughout Nigerians at 8am today as voters return to the polls to elect state governors and legislators as well as chairmen and councillors for the six Federal Capital Territory (FCT) Area Councils. According to the Independent National Electoral Commission, 72.7 million or 86.63 per cent of registered voters who have collected their Permanent […]

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Dr. Okechukwu Enelamah

Minister of Industry determined to boost Tomato production

The Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah has assured tomato producers in the country that government is committed to boosting tomato production in line with on-going economic diversification efforts. He said the federal government has a robust tomato policy to boost local production, stop importation of tomato paste, and create employment opportunities. […]

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Abuja Airport

Nigerian Airports recorded 41,745 flight delays in 2018

Nigerian airports recorded 36,350 domestic and 5,395 international flight delays in 2018. This was disclosed by the Nigerian Civil Aviation Authority (NCAA) in its executive summary published on its website. The records showed that two leading domestic airlines – Air Peace and Arik Air – topped the list of domestic flight delay. In 2018, Air […]

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Oil Rebels Back Main Opposition Candidate In Nigeria Vote

Nigeria imported 1.4 bln litres of fuel worth ₦2.03 bln in 2 months

Nigeria, in the last two months, imported a total of 986, 492 metric tons (mt) of petroleum products, representing 1,387,410,984.2 litres of fuel just as frozen fish tops import chart for the month of February 2019 with a total volume of 2.463million mt imported. The figures contained in the shipping position of the Nigerian Ports […]

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