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 its position as one of the most profitable and well managed financial institutions in Nigeria, […]
Continue ReadingPan 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 2016. The Group sustained its strong profitability, recording an annualized 20% return on average equity […]
Continue ReadingThe 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 be able to go far places in the country to check substandard products. “We have […]
Continue ReadingSaturday, 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 in the 2015 financial year. It is a tradition that the bank has maintained since […]
Continue ReadingAs contained in an official statement by Colonel Sani Kukasheka Usman Acting Director Army Public Relations, troops of 113 Battalion at Kareto Northern Borno State, were attacked by Boko Haram terrorists in the early hours of today. The troops are reported to be in fierce battle with the insurgents. The Army spokesman promises to release […]
Continue ReadingThe media has been rife with information Ngozi Okongo-Iweala’s revelation of how former President Goodluck Jonathan landed Nigeria in her current economic morass. The former finance minister of finance, has however, denied blaming the former president. “In my second time as a finance minister, from 2011 to 2015, we had the instrument, we had the means, […]
Continue ReadingInformation from the Nigerian Army on Sunday, disclosed the recovery of large cache of arms buried in Borno State at a spot made to look like a graveyard. Leo Irabor, Theatre Commander of Operation Lafiya Dole, said it took the vigilance of soldiers to notice the grave, which concealed a cache of high calibre ammunition, […]
Continue ReadingOn 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. They also approved the board’s recommendation to pay a final dividend of 40 kobo per […]
Continue ReadingNigeria Defence Headquarters says it has established a rehabilitation camp for repentant Boko Haram members. Defence spokesman, Rabe Abubakar, in a statement on Tuesday, said: “In line with the federal government’s commitment to the war against insurgency in the northeast and in furtherance of its efforts to rehabilitate and reintegrate surrendered and repentant Boko Haram […]
Continue ReadingThe former Secretary of PDP in Ekiti state, Tope Aluko, has made a dramatic u-turn after his recent reconciliation. Just 24 hours after a video surfaced online of Tope Aluko addressing the press that all was well between himself and Fayose, the former Secretary of PDP in Ekiti state, Tope Aluko, in yet another dramatic […]
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