The U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) on Thursday announced it would sell crude oil from the Strategic Petroleum Reserve (SPR). The DOE plans to draw down crude oil from three SPR sites, including, Bryan Mound and Big Hill in Texas and West Hackberry in Louisiana. According to the DOE, it […]
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The Nigerian Stock Exchange (NSE) wednesday delisted Skye Bank Plc and Fortis Microfinance Bank Plc following approval from the National Council of the exchange. In a notification to market operators, the NSE said the delisting which was pursuant to Clause 15 of the General Undertaking , Appendix 111 of the the Rule Book of the […]
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A FEDERAL High Court in Lagos has ordered the Asset Management Corporation of Nigeria (AMCON) and United Bank for Africa (UBA) to seize a property of former Cross River State Governor Donald Duke over an alleged N537,334,360.77 debt. Vacation judge Justice Chuka Obiozor also authorised AMCON and UBA to, in the interim, take possession of […]
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By Oluwafunke Ishola The Chartered Institute of Bankers of Nigeria (CIBN) is poised to enhance digital banking and financial inclusion for robust economic growth. Mr Peter Ashade, the Chairman, CIBN Lagos chapter disclosed this at a media briefing on Wednesday in Lagos. According to Ashade, digital banking has become strategic in enhancing the economy, particularly […]
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Located at the Port of Akonikien, the landmark regasification plant will enable the storage, transportation and distribution of liquefied natural gas (LNG) to the country’s mainland; 12 bullet tanks will carry 14,000 cubic meters of storage capacity, supported by a truck loading station and 12-kilometers of ten-inch gas and diesel pipelines; The project will be […]
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Guaranty Trust Bank plc has released its audited financial results for the half year ended June 30, 2019 to the Nigerian and London Stock Exchanges. The half year result shows positive growth across key financial metrics and reflects GTBank’s leading position as one of the best managed financial institutions in Africa. The Bank reported a […]
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Pan African financial services institution, United Bank for Africa (UBA) Plc, and the Lagos Chamber of Commerce and Industry(LCCI), have partnered to organize the 2019 edition of the Lagos International Trade Fair. The Fair, which holds between November 1st and 10th, 2019, is the 33rd edition and is expected to provide an avenue for networking […]
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The Nigerian Stock Exchange (NSE) on Tuesday appointed International Award-Winning artist, Innocent Idibia’ popularly known as `Tuface or 2Baba` as its ‘Good Cause Ambassador’. Mr Oscar Onyema, NSE Chief Executive Officer said this at the unveiling of Tuface organised by the exchange in Lagos. “Following the appointment, Tuface would lend his voice to raising awareness […]
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…Wizkid Becomes UBA Ambassador The over 20,000 guests who attended the UBAmarketplace 2019 were left in awe and full of commendation for United Bank for Africa and REDTV as they were treated to a great line up of activities during the two-day event which was held on the July 26th and 27th at the Transcorp […]
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Pan African financial institution, United Bank for Africa (UBA) Plc, has again rewarded another 20 customers who have emerged winners in the third quarterly draw of the UBA Wise Savers Promo winning N1.5 million each, bringing the total amount won so far by 60 customers to N90 million. The electronic raffle draw, which was held […]
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