BUSINESS

UBA Grows Profit Before Tax By 32%, Declares Final Dividend per Share of 55kobo

United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits, an attestation to its resilience, enhanced productivity and ...

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Senate investigates alleged N4 trillion revenue leakage in Customs

The Senate Committee on Customs, Excise and Tariff, has commenced investigation into alleged N4 trillion revenue leakage in the Nigeria Customs Service between 2006 and 2016. The Chairman of the committee, Hope Uzodinma, made this known in an interview with ...

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NCAA fines airline N9.5 million for violating Nigerian airspace

The Nigerian Civil Aviation Authority, NCAA, has imposed a fine of N9.5 million on a non-schedule airline for operating in the country without flight clearance. The NCAA spokesman, Sam Adurogboye, said in a statement on Sunday that the Letter of ...

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Naira appreciates further, sells for N390 to $1 at parallel market

The value of the dollar continued to diminish against the naira as the Nigerian currency was traded at N390 at the parallel market on Thursday in Abuja. The News Agency of Nigeria reports that the Naira had also appreciated against ...

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DREAM COME TRUE: Tony Elumelu Foundation announces 1,000 successful 2017 applicants (SEE FULL LIST)

…93,000 APPLICANTS – 55 COUNTRIES AND TERRITORIES …1,000 ENTREPRENEURS SELECTED FOR AFRICA’S LARGEST ENTREPRENEUSHIP PROGRAMME ‎ The Tony Elumelu Foundation (TEF) is proud to announce the selection of 1,000 African entrepreneurs, creating the 3rd cohort of the 10-year, $100 million TEF Entrepreneurship Programme. ...

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ALLOCATION: FG, States, LGs share N429.127bn for February

The Federation Account Allocation Committee (FAAC) on Tuesday shared N429.1 billion, about N36 billion less than what the three tiers of government shared as revenue for January. And the shortfall, according to the Finance Minister, Kemi Adeosun was caused by ...

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Red Star restates commitment to service delivery after Abuja Airport closure

Nigeria’s foremost indigenous courier and logistics company, Red Star Express Plc has assured its clients and customers nationwide that the closure of the Abuja Airport will not affect its business. Abuja is a major destination for all courier business. Most ...

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Naira appreciates further, trades at N440-N445 per dollar

The Naira on Monday continued to extend its gains against the dollar at the parallel market, exchanging at N440 (buying rate) and N445 (Selling rate) to a dollar, from N445/N450 it traded on Friday, while the Pound Sterling and the ...

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AMCON sells Keystone Bank

The Asset Management Corporation of Nigeria (AMCON) has announced the sale of Keystone Bank, one of Nigeria’s commercial banks to to Sigma Golf Nigeria Limited and Riverbank Investment Resources Limited (the Sigma Golf – Riverbank consortium). In a statement signed ...

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Nigeria is getting out of recession through agriculture

The presidential spokesperson, Garba Shehu, says efforts to get the nation out of its present economic challenges are beginning to yield positive results, especially in agriculture. The presidential aide said this in Abuja on Sunday. According to him, an increase ...

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