Dangote Refinery says the recent adjustment in the ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, is directly attributed to the increase in global crude oil prices. Mr Anthony Echiejina, Head of Corporate Communications, Dangote Industries, said this in a statement on Sunday in Lagos. On January 17, Dangote refinery increased petrol […]
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The Central Bank of Nigeria (CB), thriugh its Governor, Dr. Olayemi Cardoso, has vowed to tackle the commoditisation ( buying and selling) of Naira notes, which has become widespread in the country. Cardoso made this vow in a keynote address at the inaugural Stakeholders’ Conference of the Committee of Heads of Banks Operations (CHBO) in […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has cemented its position as a leading customer-centric institution, emerging among the Top 5 banks, in various survey’s segmentation, in the recently released KPMG 2024 West Africa Banking Industry Customer Experience Survey. The survey showed that the bank earned an impressive second place in SME […]
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Outgoing United States (U.S.) President, Joe Biden, on Tuesday 14th January 2025,, announced a ban on Chinese and Russian technology in vehicles, citing national security concerns. The new regulations will prevent the sale and import of connected vehicle hardware and software systems, as well as completed connected vehicles, from China and Russia. This is according […]
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The Central Bank of Nigeria (CBN) has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira notes available through Automated Teller Machines (ATMs) during the yuletide season. According to a statement by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this is a clear message of zero tolerance for cash flow disruptions. The affected […]
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United Bank for Africa (UBA) through UBA Foundation, its corporate social responsibility arm, has donated the sum of N500 million to the Lagos State Security Trust Fund (LSSTF), as part of its continued commitment to secure environment for individuals and businesses The N500m cheque was presented to the Lagos State Governor, Babajide Sanwo-Olu, by […]
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Nigeria’s major financial institution, Access Holdings Plc, has announced the completion of its acquisition of two additional banks in Angola and Sierra Leone. In a recent statement on the development, the bank said, ‘Further to our July 14, 2023 announcement regarding the above subject, Access Holdings PLC (‘Access Holdings’ or ‘the Company’) is pleased to […]
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A 16-year-old student of Everest Heights Int’l Academy, Gwagwalada, Abuja, Tehilah Isimah, has emerged as the overall winner of the 14th edition of the National Essay Competition (NEC) sponsored by the United Bank for Africa (UBA). Miss Isimah clinched the prize of N7.5 million educational grant, which will support her university education at any […]
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The Central Bank of Nigeria (CBN), on Friday, urged bank customers to report any difficulties withdrawing cash from bank branches or ATMs to the apex bank from December 1. This was disclosed by the apex bankGovernor, Olayemi Cardoso, during the 2024 annual bankers dinner in Lagos organised by the Chartered Institute of Bankers of Nigeria […]
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As part of President Bola Ahmed Tinubu’s state visit to France, the Chairman of UBA Group, Tony Elumelu, in the presence of President Tinubu and the President of France, Emmanuel Macron, signed a landmark business cooperation agreement with the French Finance Minister, Antoine Armand. The agreement is a significant indication of support by the French […]
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Africa’s richest man, Aliko Dangote, has praised the Wednesday ‘s N0vember 27th grand opening of Zenith Bank in Paris, France, as a symbol of national pride to Nigeria. His words, “This bank that you have opened here is not only for you but for all of us as Nigerians,” one of the world’s richest […]
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Nigeria’s highest authority making body, the Federal Executive Council (FEC) has proposed the sum of N47.9 trillion for the 2025 fiscal year for submission to the National Assembly on Monday. The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this after the Council meeting chaired by President Bola Tinubu on Thursday at the Presidential […]
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