archiveOctober 2016

United Bank for Africa (UBA) Plc released its third quarter results for the nine months period ended September 30, 2016 on the floor of the Nigerian Stock Exchange today showing an eight per cent growth in profit for the period of N52.3 billion from N48.6 billion made in the corresponding...

Ijaw leaders on Monday reiterated their call on Federal Government to completely jettison its military option towards addressing the Niger Delta crisis, saying the move would not yield the desired positive result. This was the central message of goodwill speeches delivered at the first memorial lecture held in honour of...

The United States Government has announced the sum of $92.73m in developmental assistance to support the five-year $2.3bn agreement signed with the Federal Government in 2015. According the U.S. Embassy in a statement on Tuesday in Abuja, the amount was being provided through the U.S. Agency for International Development, adding...

...plans media capacity building on tax reporting PwC Nigeria, a leading professional services firm, in a bid to celebrate and reward excellence in business reporting in Nigeria at the weekend in Lagos, doled out a sum of N2.35 million to outstanding journalists in the maiden edition of its Media Excellence...

  MTN Nigeria has appointed Ms Felleng Sekha as the head of regulatory affairs for the group. Felleng Sekha earlier worked in MTN Nigeria for about nine years before moving out in 2007. Her appointment is to bolster the group’s mutual and cordial relationship with governments across Africa and particularly...

Dangote Group has raised alarm over the activities of online fraudsters, whom it said are maliciously misrepresenting and misusing its brand image and that of its senior executives to defraud unsuspecting members of the public. According to a press statement from Dangote Group, the fraudsters  perpetuate their wicked act through...

The Federal Government of Nigeria plans to raise, with the help private investors, a fund worth 1 trillion naira ($3.3 billion) to finance mortgages for low-income earners, the Vice President, Yemi Osinbajo said on Tuesday. Nigeria with population of more than 180 million people, suffers from a housing shortage. Few...

CBN, NDIC assures they are healthy A report has said that some banks in Nigeria may have been experiencing a “full-blown financial crisis” due to a cash crunch arising from “failed fiscal and monetary policies”. The Arqaam Capital report published by Bloomberg on Monday said this. Arqaam Capital is a...

Jumia Travel, a leading online hotel-booking company, has officially launched the web version of the Extranet App, an application that aims to give more flexibility and independence to hotel managers. The company, by this, is seeking to further empower its hotel partners across all markets with top-notch technology by unveiling...

Nigeria celebrated 56 years of independence two weeks back, ABDUL OLALEKAN chronicles events in insurance industry in the last 56 years as he examined how the players in the industry have fared. The birth of modern insurance in Nigeria is closely associated with the arrival of British trading companies, which...