Only 100,000 POS operators registered — CAC
The Registrar General of the Corporate Affairs Commission, Hussaini Ishaq Magaji, has disclosed that only 100,000 Point of Sales operators have officially registered their businesses with the commission under its POS formalisation project. According to the Nigeria Inter-Bank Settlement System,…
Turkey May Invest “Billions” in Libyan Offshore Oil
Turkish Petroleum is ready to invest billions in developing offshore oil fields in Libya, the director general of the state-owned company said this week. Speaking at the Libya Energy and Economic Summit in Tripoli, Ahmet Turkoglu said, as quoted by…
Why It’s Never Too Late To Start A Business
When it comes to chasing your dreams and starting a business, age is just a number. Many feel that entrepreneurship is a young person’s game, but the entrepreneurial landscape is changing. You will see more and more people starting a…
UBA donates N500m to Lagos State Security Trust Fund
United Bank for Africa (UBA) through UBA Foundation, its corporate social responsibility arm, has donated the sum of N500 million to the Lagos State Security Trust Fund (LSSTF). This is part of foundation’s continued commitment to secure environment for individuals…
Uzo Oshogwe replaces Dupe Olusola as MD/CEO of Transcorp Hotels Plc
Transcorp Hotels Plc has announced the appointment of Mrs. Uzo Oshogwe as its new Managing Director/Chief Executive Officer (MD/CEO), effective January 1, 2025. Mrs. Oshogwe, currently the MD/CEO of Afriland Properties Ltd, brings a wealth of experience to her new…
Access Bank set to acquire South African bank
Nigeria’s Access Bank Plc. has offered to acquire Bidvest Bank Holdings Limited to help the country’s biggest lender by assets expand in South Africa. The purchase is expected to move Access Bank, a unit of Access Holdings Plc., closer to…
UBA shareholders get 375% returns
Shareholders of United Bank for Africa have enjoyed 375 per cent capital gains in nearly five years. Official data at the Nigerian stock market at the weekend indicated that investors in UBA have continued to earn an average annual return…
UBA to open Saudi Arabia branch, expand Africa operations in 2025
The United Bank for Africa (UBA) Group has unveiled plans to establish presence in Saudi Arabia and extend its footprint across Africa in 2025. This comes after the bank signed a landmark business cooperation agreement with France. The announcement was…
FG, states, check astronomical food prices
NIGERIANS expect the federal and state governments to check the astronomical rise in food prices nationwide. In a new report, the National Bureau of Statistics said the prices of beans, eggs, bread, rice, and other food items witnessed a significant…
UBA to begin full banking operations in France
United Bank for Africa has signed a deal to commence full banking operations in France. In a statement late Thursday, the banking group said the landmark business cooperation agreement with the French Finance Minister, Antoine Armand, was part of President…