It was rain of accolades for the outgoing Group Managing Director/CEO of United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza in Lagos on Wednesday as captains of industry and leading voices of Nigerian society witnessed the launch of a book in his honour. The book titled “Dynamics of the Nigerian Financial System” edited by […]
Continue ReadingNIGERIA – Minister of Budget and National Planning, Sen. Udoma Udo Udoma, has initiated what is considered a go-through discussions with the management of the Chinese EXIM Bank in Beijing, China, over funding of some projects. This is as contained in a statement issued on behalf of the minister by his Media Aide, James Akpandem. […]
Continue ReadingMTN Nigeria has made public, its decision to list its shares on the Nigerian Stock Exchange come 2017.The joint transaction advisors and joint global coordinators for the listing are Stanbic IBTC Capital Limited (together with its affiliates, The Standard Bank of South Africa Limited and Standard Advisory London Limited) and Citigroup Global Markets Limited, with Stanbic […]
Continue ReadingSome financial experts on Wednesday urged the Federal Government to strengthen taxes and levies collections to sustain the increase in the nation’s non-oil revenue generation. They told the News Agency of Nigeria (NAN) in Lagos that government should tighten the existing loopholes in that sector to bridge the dwindling revenue from oil. The experts were […]
Continue ReadingThe Minister of Information and Culture, Lai Mohammed, has said that the President Muhammadu Buhari-led administration is on the right track and there is no alternative to what it is doing.The minister stated this at a meeting with the members of staff of the Nigerian Embassy in Madrid, Spain. The News Agency of Nigeria (NAN) […]
Continue ReadingThe United Bank of Africa (UBA) has officially distanced itself from the July 15 failed coup in Turkey. Recall that Yenisafak, a Turkish newspaper had pointed at John F. Campbell, a general in the US Army, as the orchestrator of the failed military coup attempt, stating that CIA operatives transferred millions of dollars from Nigeria […]
Continue ReadingFormer President of Nigeria, Chief Olusegun Obasanjo, has called for merging of government’s Ministries, Departments and Agencies (MDAs) as part of efforts to curb wastage of scarce resources, futher stating that government need to block all forms of financial leakages due to the dwindling revenue. Obasanjo made the call on Tuesday in Abeokuta while addressing […]
Continue ReadingPresident Muhammadu Buhari on Tuesday commissioned the standard-gauge Abuja-Kaduna rail services at Idu station in Abuja. The launch means that commercial operation is set to commence on the 27th of July. Speaking, President Buhari said the federal government would link all states and commercial centres in the country with rail lines. President Buhari ltook a […]
Continue ReadingThe Naira on Monday remained stable at the parallel market, the News Agency of Nigeria (NAN) reports. The Nigerian currency maintained N378 to the dollar at the close of trading on Monday afternoon, keeping same value as at Friday. Also, the naira maintained N495 to the Pound Sterling, but weakened further against the Euro, exchanging […]
Continue ReadingOutgoing Group Managing Director of pan-African banking group, United Bank for Africa (UBA) Plc Mr Philips Oduoza has called for increased collaboration among African central banks in order to drive intra-African trade on the continent. He said this on July 22, 2016 when he delivered the fourth Valedictory Lecture of the Chartered Institute of Bankers […]
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