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UBA - United Bank for Africa

UBA opposes Sahara Energy’s application to vacate order to advertise winding-up petition

United Bank for Africa (UBA) has asked Justice Mohammed Liman, presiding over a Federal High Court in Lagos to dismiss a motion filed by a Petroleum Resources firm, Sahara Energy Limited, seeking a discharge of an ex-parte order allowing the bank to advertise a petition it filed to wind-up the firm over alleged N15 billion debt.

Full list: 132 firms bid for NNPC’s crude oil swap

The NNPC, Nigeria’s state owned oil giant, Thursday announced that 132 companies had submitted bids for the 2019 crude for refined products programme tagged Direct Sale, Direct Purchase (DSDP).
UBA - United Bank for Africa

UBA asks court to wind up Sahara Energy over N15 billion loan

United Bank for Africa Plc (UBA) has filed a winding up petition before a Federal High Court in Lagos against a petroleum resources company, Sahara Energy Resources Limited, over an alleged inability of the firm to pay a debit of $42,282,430.49 (equivalent to N15,221,674,976).
As Port Harcourt play host to 13 presidential aspirants and their supporters for primary election of the Peoples Democratic Party, Gov. Nyesom Wike has assured all delegates of a memorable stay.

Governor Wike: Let’s end divisive politics in Rivers

The Rivers State governor, Nyesom Wike, has appealed for an end to divisive politics in the state.

TCN: National grid generates, transmits new 5,375mw peak

The Transmission Company of Nigeria (TCN) has said that the National Grid successfully transmitted a new generation peak of 5,375MW on February 7.
Tonye Dele Cole

Tonye Cole: Senator Magnus Abe frustrating peace efforts in Rivers APC

The governorship candidate of the All Progressives Congress (APC) in Rivers State, Mr. Tonye Cole, has said that despite all entreaties, his rival for the party’s ticket, Senator Magnus Abe, has frustrated all efforts to amicably settle the crisis rocking the party.
As Port Harcourt play host to 13 presidential aspirants and their supporters for primary election of the Peoples Democratic Party, Gov. Nyesom Wike has assured all delegates of a memorable stay.

Nyesom Wike: Blackmail can’t change termination of assets sale to Sahara Energy

Governor Nyesom Wike of Rivers State has declared that no amount of blackmail and propaganda will alter the termination of sale of valued state assets to Sahara Energy Limited.

Rivers: Rotimi Amaechi must account for alleged sales of N112 billion state asset

The Rivers state government has said the minister of transportation, Rotimi Amaechi, has a case to answer over the alleged sales of gas turbine power stations belonging to the state government.

Minister Amaechi: I never appointed governorship candidate for Rivers APC

Rotimi Amaechi, minister of transportation, says he never appointed a governorship candidate for the All Progressives Congress (APC) in Rivers state.

Senator Tayo Alasoadura asks President Buhari to suspend Ibe Kachikwu, Maikanti Baru

Alasoadura specifically stated that Baru’s continued presence at the NNPC could jeopardise the Senate investigation into the allegations that he allegedly approved contracts to the tune of $25bn without the approval of the corporation’s board.

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Central bank chief defends planned restriction of forex for milk importation

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