The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has given the military 24 hours ultimatum to vacate the premises of an oil and gas firm to avert a nationwide strike. At a media briefing in Lagos on Thursday, NUPENG President, Mr Williams Akporeha, called on the Chief of Army Staff to withdraw soldiers […]
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Nigeria’s partnership with China through the Forum on China-Africa Cooperation (FOCAC) has resulted in the execution of projects valued at over $5 billion in the last three years of the current administration. President Muhammadu Buhari disclosed this on Tuesday in Beijing, capital of China, at the FOCAC round table meeting, attended by African leaders and […]
Continue ReadingPan-African Financial Institution, United Bank for Africa (UBA) has announced the commencement of its chat bank ‘Leo’ on the WhatsApp platform. With Leo on WhatsApp, customers who are users and lovers of the app can now can perform basic banking services including checking their balances on the go, transferring funds, paying bills, among other services. The Group Managing Director/Chief Executive Officer, UBA, Mr. Kennedy Uzoka, who expressed […]
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NOVA Merchant Bank Limited has announced the appointment of Mr. Anya Duroha as the Acting Managing Director / Chief Executive Officer of the Bank. The appointment, which is subject to approval of the Central Bank of Nigeria, became effective on August 30th 2018. Prior to the appointment of Mr Duroha as the Acting Managing Director / […]
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The Board of Directors of the United Bank for Africa is pleased to announce the appointment of four new members to its board, subject to the approval of the Central Bank of Nigeria(CBN). The new board members are Mrs. Erelu Angela Adebayo, Ms. Angela Aneke, Alhaji Abdulqadir Jeli Bello and Mr. Isaac Olukayode Fasola. These […]
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Federal, states and local governments on Thursday shared N714.8 billion revenue generated in July, the News Agency of Nigeria (NAN) reports. The figure indicated a decline of N107.1 billion when compared to what was generated in June. The Minister of Finance, Mrs Kemi Adeosun, while briefing newsmen in Abuja on the outcome of the monthly […]
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The Central Bank of Nigeria (CBN) has ordered four banks to pay a total sum of N5.87 billion for allegedly issuing irregular certificates of capital importation (CCIs) on behalf of some offshore investors of MTN Nigeria Communications Limited. The apex bank has also written to MTN, asking it to refund $8 billion to the coffers […]
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Africa’s leading financial institution, United Bank for Africa Plc has announced its audited 2018 half year financial results, showing strong growth across key performance metrics as well as a significant contribution from its African subsidiaries. Despite declining yield environment in two core markets, Nigeria and Ghana, the pan Africa financial institution delivered double digit growth […]
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Trading on Nigerian Stock Exchange (NSE) closed on a positive note on Tuesday, with Total Oil leading the gainers’ table. The News Agency of Nigeria (NAN) reports that the crucial market indicators appreciated marginally with 0.58 per cent growth, following gains by some blue chip concerns. Specifically, the market capitalisation increased by N75 billion or […]
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The total loans granted by Nigerian banks to the private sector declined by N600.60bn, from N16 trillion in the first quarter of 2017 to N15.34 trillion, in the second quarter of 2018. A report by the National Bureau of Statistics (NBS) on Selected Banking Sector Data: Sectorial Breakdown of Credit, ePayment Channels and Staff Strength […]
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