BUSINESS

GTBank Announces N30.68 billion 1st Quarter, 2016 Profit

Guaranty Trust Bank plc has released its unaudited financial results for the first quarter ended March 31, 2016 to the Nigerian and London Stock Exchanges. A review of the 1Q 2016 result shows that the Bank continued to consolidate on ...

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Efficiency Gains Drive UBA’s First Quarter Profits To N18 Billion

Pan Africa financial services group, United Bank for Africa Plc has announced its unaudited results for the first quarter of 2016 showing gross earnings of N74 billion and profit before tax of N18 billion for the three months ended March ...

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SON needs 10,000 new staff to perform well – DG

The acting Director-General, Standards Organisation of Nigeria (SON), Paul Angya, has revealed that the agency would need additional 10,000 staff to fight substandard products in the country. Mr. Angya, speaking in Lagos, said if more staff were employed, they would ...

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UBA Rewards Staff At Annual CEO awards

Saturday, April 9, 2016 was an exciting evening, as staff of pan-African financial services group, United Bank for Africa (UBA) Plc gathered at the Eko Hotel and Suites, Lagos, Nigeria, to celebrate the bank’s staff that have performed exceptionally well ...

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UBA holds Annual General Meeting as Shareholders Applaud Performance

On Friday April 8, during the bank’s Annual General Meeting (AGM) which was held at the Eko Atlantic Hotel, Lagos, the shareholders of UBA applauded the UBA for its strong financial performance in 2015 despite the difficult operating environment globally. ...

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No going back on fuel subsidy -PPPRA

The Acting Executive Secretary, Petroleum Products Pricing Regulatory Commission, PPPRA, Sotonye Iyoyo, on Monday debunked rumours that there are plans to reverse the decision on the removal of subsidy on petroleum products.Latest PPPRA pricing template released on Friday pegged the ...

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Iyana Iba Traders Association honours Rep Obasa

The leadership of the Iyana Iba Traders Association led by its President, Mr. Chukwumere Okwudili has honored the lawmaker representing Ojo Federal Constituency in the House of Representatives, Hon. Tajudeen Obasa for his befitting representation so far in the Green ...

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Buhari sold his house to access forex

Femi Adesina, special adviser to President Muhammadu Buhari on media and publicity, speaking in an interview on The Osasu Show, said, the president sold his property to access foreign exchange (forex) for his child’s education. Mr. Adesina said the central ...

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Youth-In-Agriculture Scheme: Nigeria to launch with N59.7b

The Director-General, International Institute of Tropical Agriculture, IITA, Nteranya Sanginga, on Sunday said the Federal Government would launch N59.7 billion Youth-In-Agriculture Scheme in September. Mr. Sanginga, who disclosed this in an interview with the News Agency of Nigeria in Ibadan, ...

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NNPC fails to remit $4.2bn under Buhari

The Nigerian National Petroleum Corporation (NNPC) withheld 12 percent more money in six months under President Muhammadu Buhari than it did with his predecessor from 2013 to 2014. According to a report by the National Resource Governance Institute (NGRI), an international non-profit policy ...

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