Tag: NIGERIA

Cabo Verde set to host hybrid 2021 African Economic Conference on financing development in the Covid-19 era

Ayo Olowo

African heads of state and government together with senior policymakers will share their perspectives on how to reshape Africa’s development financing models at the 2021 African Economic Conference, which takes place on Thursday, 2 December. Cabo Verde Deputy Prime Minister and Minister of Finance Olavo Correia said the conference offered “an extraordinarily important moment” to chart […]

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NNPC concludes $1bn mega deal with Afrieximbank to boost oil output

Ayo Olowo

The African Export-Import Bank (Afreximbank) has signed a $1.04 billion deal with the Nigerian National Petroleum Corporation (NNPC) to boost oil output.  The deal was signed at the ongoing Intra-African Trade Fair (IATF) in Durban, South Africa. The transaction comprises a pre-export/shipment finance facility underpinned by a forward sale agreement (FSA) and offtake contracts from the Nigerian National Petroleum […]

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Reunited P-Square up Davido’s 1m challenge, says ‘two Heads Are Better Than One’

Ayo Olowo

Nigerian singers, Peter and Paul Okoye, have reunited after about five years of feud. The duo, popularly known as P-Square, shared an embrace on Wednesday after years of fighting and bad blood The brothers have been warming lots of hearts following their reconciliation, which came ahead of their 40th birthday. Taking to their Instagram page on […]

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Details of 40 Nigerian firms, individuals blacklisted by AfDB over corrupt practices

Ayo Olowo

The African Development Bank has blacklisted at least 40 Nigerian firms and individuals for engaging in corrupt practices, fraud and collusive practices between 2017 and 2021, according to data obtained from the bank’s website. The AfDB said the firms and individuals were debarred “for coercive, collusive, corrupt, fraudulent, or obstructive practices under its sanctions system […]

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Eze Commends Dakuku, Jackrich, others for exposing the on-going rot in Rivers

Ayo Olowo

The perpetual mismanagement and manifest diversion of funds meant for strategic human development schemes, profitable capital projects and other serious businesses of government under the administration of Gov. Nyesom Wike and the People’s Democratic Party, has taken a very scary dimension, such that has raised a big concern among enlightened populace and justifies the need […]

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GMD UBA, Kennedy Uzoka wins ‘Finovator of the Year’ Award; UBA receives ‘Excellence in Digital Banking’ Award

Ayo Olowo

The Group Managing Director/Chief Executive Officer of United Bank for Africa (UBA) Plc, Kennedy Uzoka, has been announced as the winner of the Finovator of the Year’ Award for the year 2021. The Finovator of the Year’ Award is organised by the Finnovex West Africa Awards 2021, co-located with Finnovex West Africa Virtual Summit, Uzoka was selected […]

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