Uba House

UBA Pays Shareholders’ N0.20 Interim Dividend, Grows Half Year Profits By 21%

Nigeria’s leading financial institution, United Bank for Africa Plc has grown its half year profit by 21 per cent as shown in its audited financial results for the period ended June 2019, showing impressive growth across key performance indices, from significant contributions from its African subsidiaries. In spite of the increasingly unpredictable environment witnessed in […]

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Access Bank Woos Customers With New Quick Loan Scheme

One of Nigeria’s biggest bank, Access Bank Plc, has introduced Quick Loan Scheme or Payday Loan with a daily loan target of N400 million to at least 20,000 customers. On the bank’s website, they highlight that you do not need to have a salary account in Access Bank for you to access the Payday loan. […]

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Acting Dg Sec Mary Uduk (1)

SEC To Shareholders: Claim Your Dividends In Defunct Afribank

The Securities and Exchange Commission (SEC) has appealled to shareholders of the defunct Afribank Plc to claim their dividends. The apex regulatory authority of the Nigerian capital market, made this call as part of its investor protection programme and as well as ensure that shareholders get the benefits of investing in the capital market. According […]

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CBN Outlines Conditions for Floating Of Subsidiaries, SPVs by DFIs

The Central Bank of Nigeria (CBN) has unveiled conditions for the establishment and operations of subsidiaries and special purpose vehicles (SPVs) by Development Finance Institutions (DFIs). The Bank in a letter to all DFIs that was signed by its Director, Other Financial Institutions Supervision Department, Mrs. Tokunbo Martins, a copy of which was posted on […]

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Domestic Airfare Up by 25% on Aviation Fuel Scarcity

Domestic routes airfare have been hiked by over 25 per cent by airline operators due to the scarcity of aviation fuel. ThISDAY, reports that Scarcity of aviation fuel, also known as Jet A1, has led to over 20 per cent rise in the price of the fuel, from between N180 and N200 per litre to […]

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Lagos BRT Buses Collision Injure 18 Passengers

Eighteen persons suffered various degrees of injuries on Monday when two Bus Rapid Transit vehicles collided at the Asolo end of the Ikorodu Road in Lagos. One of the buses was said to be heading for Ketu when two motorcycles suddenly emerged on the dedicated BRT lane and the bus driver, in an attempt to […]

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Fresh Attack1

Fresh Attack On Foreign Owned Businesses Sweep Through South Africa

Another wave of attacks have begun in South African, with looting and burning of businesses and properties belonging to foreigners and in the process killed three people, while another is still receiving treatment for smoke inhalation. The President of the Nigeria Union South Africa (NUSA), Adetola Olubajo, said on Monday 2nd September, that the attacks […]

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Nigeria Records $226 Million Oil Revenue Drop in June

Revenues from oil and gas production in June were down by 44.65 per cent, showing a drop in value of about $226.38 million between May and June 2019, data from the Nigerian National Petroleum Corporation (NNPC) have shown. NNPC, in its June 2019 monthly financial and operations report, stated that in May, the sales value […]

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Tonto Dikeh

Feet ‘N’ Tricks Names Fashanu, Ikpeba, Tonto, Others Ambassadors for 2019 African Freestyle Football Championship

Feet ‘N’ Tricks International Limited, organisers of the Nigerian and African Freestyle Football Championships, has named some prominent entertainment and sport industry personalities, which include former professional English footballer, John Fashanu; former Nigerian footballer, Victor Ikpeba; Nollywood actors, Tonto Dikeh and Williams Uchemba as its brand ambassadors for the 2019 African Freestyle Football Championship to […]

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Freestyle Football

Feet ‘n’ Tricks Partners Supersport For 2019 African Freestyle Football Championship

Feet ‘N’ Tricks International Limited has unveiled sports broadcast giant, SuperSport Media as its partner for the broadcast of the 2019 edition of the African Freestyle Football Championship (AFFC). With this new partnership, the Pan-African group of television channels, highly recognized as MultiChoice’s pacesetter sports broadcast station for providing quality sports content for sports lovers, […]

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Elumelu At TICAD Africa Development Conference In Japan, To Advance Entrepreneurship

Eminent Banker and Philantropist, Mr. Tony Elumelu, the Founder of Tony Elumelu Foundation and the Chairman of the United Bank for Africa (UBA), is expected to speak at the Seventh Tokyo International Conference on African Development (TICAD), taking place in Yokohama, Japan from August 28 – 30, 2019. As the leading voice of African entrepreneurship […]

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$9bn judgment: Buhari Digs More, Asks EFCC, NIA to probe 2010 contract

Apparently still dazed by a UK court verdict, which directed the seizure of $9.6 billion Nigerian assets, President Muhammadu Buhari has directed the Economic and Financial Crimes Commission, the National Intelligence Agency and the Inspector General of Police to conduct a thorough investigation into Process and Industrial Developments Ltd, to unravel the root cause of […]

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