The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May, 2020. The corporation, in a statement by its Group General Manager, Group Public Affairs Division, Dr. Kennie Obateru, explained that details of the report contained […]
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The United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as initial mandated lead arranger with a consortium of Nigerian commercial and international banks in a $1.5 Billion Pre-Export Finance Facility for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC). UBA is […]
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Pan-African investment company, Heirs Holdings this week announced the appointment of Dan Okeke as Group Executive Director. The appointment took effect from August 01, 2020. Okeke joins following a distinguished three-decade career at the United Bank for Africa Plc (UBA), where he most recently served as an Executive Director, responsible for leading consumer, commercial and […]
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The FCMB Group Plc has released its half year results for the six months ended June 30, 2020. The group’s profit before tax (PBT) in the period rose by 26 per cent to N11.1 billion compared to N8.8 billion in the corresponding period in 2019. Also, its profit after tax increased by 29 per cent […]
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The United Bank for Africa Plc (UBA), the leading pan-African financial services group, has acted as Facility Agent Bank for the Nigerian Commercial Banks in a consortium with other international banks in a $1.5 Billion Pre-Export Finance Facility for the Nigerian National Petroleum Corporation (NNPC) and its upstream subsidiary, the Nigerian Petroleum Development Company (NPDC). […]
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Lebanese rescue workers dug through rubble looking for survivors of a powerful warehouse explosion that shook the capital Beirut, killing 100 people and injuring nearly 4,000 in a toll that officials expected to rise. Tuesday’s blast at port warehouses storing highly explosive material was the most powerful in years in Beirut, already reeling from an […]
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Edo State Governor and the candidate of the Peoples Democratic Party (PDP) in the forthcoming gubernatorial election, Godwin Obaseki, has called on voters in the state to come out en masse on September 19, 2020, to cast their votes for the PDP in order to sustain the developmental strides of his administration, noting that power […]
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A combined security team consisting of the Army, Police, Civil Defense Corps, and men of the Department of State Services, DSS, a few minutes ago, invaded an ongoing protest by the members of the #RevolutionNow movement, demanding for the freedom of their leader, Omoyele Sowore, currently confined to the country’s capital, Abuja, by government. THISDAY […]
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Sterling Bank Plc, a full service national commercial bank has reported a net interest income of N33.5 billion during the half-year ended June 30, 2020, as against N30.4 billion during the corresponding period of 2019, representing a growth of 10.1 percent. The bank’s total assets also rose by 9.4 percent to N1,294.2 billion during the […]
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The on-going Dangote ‘Bag of Goodies Season 2 Consumer Promo’ has triggered excitement in the country as more winners continue to emerge, winning millions of Naira, goodies bags, recharge cards, and several others mouthwatering prizes. Just last week, the company sent credit alerts of One Million Naira each to the first three winners to emerge […]
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Nigeria’s leading financial institution, Zenith Bank Plc, has promised to reward customers through its ‘’Zenith Beta Life” which it just commenced with gifts every week starting from 31st July 2020 to 30th July 2021. During this period, fifty (50) customers will be selected via raffle draw each week and rewarded with gifts worth NGN30,000. The […]
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The Group Chairman, United Bank for Africa (UBA) Plc, Tony O. Elumelu has said that the Corona virus pandemic has presented a perfect opportunity for foreign investors to invest in Africa, owing to the huge opportunities that are inherent in the African economy. “This is the time to invest. Africa is a land of opportunities; […]
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