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Category Archives: Business

GTCO Becomes First Nigerian Financial Institution to Surpass ₦1 Trillion in Profit, Achieves 206.6% Growth in H1 2024

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Audited Consolidated and Separate Financial Statements for the period ended June 30, 2024, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦1.004trilion, becoming the first Nigerian financial institution to cross the ₦1trillion mark in profit. This milestone figure ... Read More »

University of Ibadan Honours UBA GMD, Alawuba, as UI @75 Ambassador

Nigeria’s premier university, University of Ibadan (UI) has appointed the Group Managing Director/CEO of United Bank for Africa.(UBA) Plc, Mr. Oliver Alawuba, as an Ambassador of the university following the commemoration of its seventy-five years in existence. The conferment on Alawuba, who is himself an alumnus of the great institution, is in recognition of his sterling contribution and achievements in ... Read More »

FG Arraigns Emefiele On Six Counts Of Alleged N1.6bn Procurement Fraud

In the amended charge sheet, the Federal Government alleged that Emefiele illegally bought 43 vehicles between 2018 and 2020 worth N1.2 billion. The Federal Government has arraigned the immediate past Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on a six-count charge bordering on alleged procurement. A The original charge, which was 20 counts to the tune of ... Read More »

UBA Cements Leadership Status, Crowned African Champion of the Year 2023

Africa’s global bank, United Bank for Africa (UBA) Plc, has been named the African Champion of the Year 2023 at the just concluded Africa Financial Industry Summit, held in Lome, Togo. The Africa Financial Industry Summit (AFIS), organized by Jeune Media Group, publishers of pan-African publications, Jeune Afrique and African Report, is largely renowned for its acknowledgment of outstanding achievements ... Read More »

UBA’s $6bn Partnership with AfCTA to boost Trade across Africa

… LCCI Lauds bank’s contribution to growth of African economies Africa’s Global Bank, United Bank for Africa (UBA) Plc, has restated its committment towards deepening Intra-Africa trade to attain self-reliance and economic development. According to the bank, it is important for Africa to be deliberate about the economic liberation drive of the continent. UBA’s Deputy Managing Director, Muyiwa Akinyemi, said ... Read More »

NIDCOM APPLAUDS ZUMUNTA ASSOCIATION USA FOR GIVING PALLIATIVES TO SIX NORTHERN STATES

Hon. Abike Dabiri-Erewa, Chairman/CEO, Nigerians in Diaspora Commission (NiDCOM) has applauded the Zumunta Association USA Inc. for giving out Palliatives to six Northern states to cater to their needs. The Chairman/CEO, NIDCOM gave the applause through the Secretary to the Commission, Dr. Sule Yakubu Bassi, at the Third Phase of the Zumunta Associatio USA Inc., Palliative Awards Presentation in Abuja. ... Read More »

Oyo Govt. Seals Illegal Mining Sites

The Oyo State Mineral Development Agency has sealed some mining sites, operating without consent letters and community development agreement in the state. The Director General (DG) of the Agency, Mr Abiodun Oni, disclosed this today in Ibadan, shortly after the exercise. Mr Abiodun Oni stated that the decision was to restore order by stopping all illegal activities in the mining ... Read More »

Youth unemployment eradication, our priority- Dangote

Dangote Group’s Executive Director, Commercial Operations, Hajia Fatima Aliko-Dangote, has reiterated the company’s determination to eradicate the high youth unemployment in the country. She said, it is only when youths are positively engaged, that the high insecurity problems in the country will fade away. Fatima, who made this disclosure at the just concluded Lagos International Trade Fair during the “Dangote ... Read More »

Glitz Africa: Lifestyle Influencer Cwabeniade Features In Newest Issue

Lifestyle, fashion, and beauty influencer, Fijabi Olabisi Suliyat better known professionally as Cwabeniade has been featured in the 30th edition of the highly acclaimed lifestyle magazine Glitz Africa. The Ghana-based Nigerian influencer Cwabeniade is a dynamic lifestyle influencer who is taking the social media and fashion-influencing realm by storm. With a passion for all things fashion, beauty, lifestyle, and more, ... Read More »

Dangote Cement says Nigeria’s price is in line with or lower than prices across the West African coast.

Dangote Cement – Clarification of cement price misinformation …..says Nigeria’s price is in line with or lower than prices across the West African coast. Management of Dangote Cement Plc has clarified that the price of a bag of cement from its factories across Nigeria (as at 28th August 2023) is N4,010 in Okpella and N4,640 in Ibese, Objana, and Gboko. ... Read More »