archiveAugust 26, 2016

  A total of N493.828 billion has been shared as federal allocation for the month of July 2016 by the Federal Government, State governments and Local Government Councils. According to the figures released by Office of the Accountant General of the Federation (OAGF), the gross statutory revenue including solid minerals...

United Bank for Africa Plc (UBA) announced its audited 2016 half-year financial results for the period ended 30 June 2016, showing that the bank recorded a significant growth in total assets, rising 20 per cent to N3.3 trillion from N2.75 trillion as at December 31, 2015. Following the performance, the...

Following the recent suspension of nine Nigerian banks from the foreign exchange market as a result of alleged non remittance of NNPC fund into the Treasury Single Account (TSA), a whole heat blame game has suddenly erupted. NIYI JACOBS, therefore, writes on the reactions coming from various banks as they...

The Chartered Institute of Bankers of Nigeria (CIBN) has concluded arrangements to hold the 10th Banking and Finance Conference, slated for September 6 to 8, 2016, at Transcorp Hilton Hotel, Abuja. President Muhammadu Buhari is expected as the Distinguished Guest of Honour, while the Governor of the Central Bank of...

  Chairman of the United Bank for Africa (UBA) and Founder of the Tony Elumelu Foundation, Mr. Tony O. Elumelu, said entrepreneurship remains a veritable solution to reduce poverty in Nigeria. Elumelu, who is also the Chairman, Heirs Holding, restated his conviction that entrepreneurship is the viable means to end...