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…
Airtel Nigeria appoints Balsingh chief executive officer
Airtel Nigeria has named Dinesh Balsingh as the Managing Director and Chief Executive Officer, effective Nov. 1, 2024. The announcement was made in a statement on Tuesday, signed by the Director of Corporate Communications and CSR, Airtel Nigeria, Femi Adeniran….
Dangote Refinery Dismisses Allegation Of High Petrol Price
Dangote Refinery Dismisses Allegation Of High Petrol Price. Dangote Refinery has dismissed the allegation of selling Premium Motor Spirit, PMS, also known as petrol at between N1, 015 and N1, 028/litre, as fake news. Oil marketers, yesterday, said the price…
We have 500m liters, marketers not buying our products – Dangote
Aliko Dangote, President of Dangote Group, on Tuesday, said his refinery has the capacity to provide enough petrol to satisfy local consumption, noting that about 500 million liters have not been taken up by retailers. Dangote, who stated this while…
Binance founder, Zhao released after 4 months
Changpeng Zhao, the founder of Binance and a key figure in the global cryptocurrency industry, has been released. He was released from a California correctional facility after serving a four-month sentence for failing to enforce anti-money laundering protocols on his…
Tony Elumelu Identifies Key Areas for Nigeria’s Development
Billionaire Investor, Tony O. Elumelu, has identified three key areas to be addressed to fix the country – economically and otherwise. That Nigeria is rich in resources both natural and human is well known. That the country has failed to…
Marketer Faults Otedola
The Chairman of Integrated Oil and Gas Ltd., Capt. Emmanuel Iheanacho (rtd), has faulted the call by billionaire businessman and Chairman of Geregu Power Plc, Mr. Femi Otedola, for petroleum marketers in the country to dismantle their depots and sell…