BUSINESS

UBA’s Debut $500m Eurobond Oversubscribed 240% By Global Investors

United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a ...

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2017 BUDGET: Abundance about to replace recession: Osinbajo

REMARKS BY AG. PRESIDENT YEMI OSINBAJO, SAN,  AT THE SIGNING OF THE 2017 APPROPRIATION BILL INTO LAW ON MONDAY 12TH JUNE 2017 AT THE PRESIDENTIAL VILLA, ABUJA. A few minutes ago, I signed the 2017 Appropriations Bill into law.  This ...

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Heirs Holdings Appoints Director of Marketing and Corporate Communications

Heirs Holdings today announced the appointment of Pelumi Fadairo as Director of Marketing and Corporate Communications.  Fadairo will be responsible for driving the Group’s strategic marketing objectives and co-ordinating brand management of its rapidly growing portfolio of pan-African investments in the ...

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Electricity regulator directs Nigerians without prepaid meters to stop paying bills

The Nigerian Electricity Regulatory Commission (NERC) has directed electric consumers not provided with prepared meters by March 1 to stop paying for electric bills presented by Distribution Companies (DISCOs) on the basis of estimated billing methodology. The commission also ordered the DISCOs ...

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Nigerian stock market gains N117bn to hit 23-month high

Activities on the Nigerian Stock Exchange (NSE) remained on a bullish trend on Friday with the All-Share Index crossing the 33,000 mark for the first time since June 2015. NAN reports that the index, being led by Oscar Onyema (pictured), ...

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Nigerian govt. releases details of Paris Club refunds to states, SEE HOW MUCH YOUR STATE GOT

The federal government has finally released a breakdown of the first tranche of Paris Club refunds paid to states to date. The payments, totalling N516.38 billion, were made to the 36 states and the Federal Capital Territory upon the approval ...

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AFAM power plant to add 340 megawatts to power grid before December – Fashola

Babatunde Fashola, the Minister of Power, Works and Housing said on Thursday that 340 megawatts of electricity would be added to the national grid on or before December. Mr. Fashola said this during his inspection tour of Afam Power Plant ...

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Bridge Concept Leverage UBA Digital Banking Platforms, Introduces Naija Green Card for Young Nigerians

In line with its business objective of enabling young Nigerians and students to derive maximum benefits from their limited finances, Bridge Concepts Limited has announced a partnership with the pan African Financial institution, United Bank for Africa (Plc) with the ...

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Transcorp Hilton Abuja Completes Upgrade of Executive Floors

Transcorp Hotels Plc has announced the reopening of the Executive Floors and Lounge of its flagship Transcorp Hilton Abuja.  The reopening marks a milestone in the on-going $100 million renovation project of the historic and award winning 5-star hotel, leading ...

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8 ships laden with petrol, food, other items arrive Lagos port

Eight ships laden with various products, including petrol, are at the Lagos ports waiting to berth, the Nigerian Ports Authority (NPA) said on Tuesday. The NPA disclosed in its daily “Shipping Position” made available to the News Agency of Nigeria ...

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