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Chairman of the United Bank of Africa (UBA), Mr Tony Elumelu, has stressed the need to unlock the potential of youths in Africa, in order to catalyse the socio-economic development of the continent.
The Patriots for the Advancement of Peace and Social Development (PAPSD) has asked the new Chairman of the Economic and Financial Crimes Commission (EFCC) to investigate alleged diversion of N37.4 billion promissory notes by the administration of Abdulazeez Yari in Zamfara.
The Federal High Court, Abuja, on Wednesday, held that the request by Abdulrasheed Maina, Chairman, defunct Pension Reformed Task Team (PRTT), seeking it to compel some persons to testify in his ongoing trial was done in haste.
A former executive secretary of the Lagos State Scholarship Board, Stephen Oshinowo, diverted the board’s N127 million to his personal use, an EFCC investigator has said.
The Nigerian Stock Exchange (NSE) on Friday moved 307.79 million shares valued at N2.91 billion exchanged in 4,393 deals.
The local bourse sustained its negative run on Thursday recording the fourth consecutive loss, following profit taking in Dangote Cement, Zenith Bank and United Bank for Africa stocks.
ANOH Gas Processing Company Limited (AGPC), a gas processing company established by the Nigerian Gas Company (NGC) and Seplat Petroleum Development Company Plc (Seplat) on a 50-50 basis has successfully raised $260million in debt to fund the completion of the AGPC Gas Processing Plant. The financing was more than 50percent oversubscribed.
Positive sentiments persisted on the Nigerian Stock Exchange on Wednesday with the All-Share Index extending growth by 0.11 per cent.
Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles.
The Patriots for the Advancement Of Peace and Social Development (PAPS) has called on the Central Bank of Nigeria (CBN) to obey the orders of a Federal High Court, Abuja, restraining it from going ahead to process the N14.9billion promissory notes belonging to Zamfara State in favour of the United Bank for Africa (UBA).
Nigerian Stock Exchange (NSE) on Thursday reversed its uptrend, dropping by N2 billion ahead of the Christmas celebration.
Many banks in different parts of Port Harcourt, the capital of Rivers State, were unable to meet cash demands of customers on Monday as residents trooped out in their numbers to withdraw money ahead of the Christmas and New Year festivities.
Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional N1.337 trillion through loans and advances to their customers across all sectors of the economy between January and September 2020.
In obvious recognition of its brand acceptance and its role in facilitating economic development across Africa, six subsidiaries of pan African financial institution, United Bank for Africa (UBA) Plc have been named ‘Bank of the Year 2020’ by the Banker Magazine, leading global finance news publication published by Financial Times of London.
The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks.
Former Imo State Governor, Rochas Okorocha, has insisted he was merely invited and not arrested by the Economic Financial Crimes Commission (EFCC) on Tuesday.
The South African government’s downpayments to Johnson & Johnson (J&J) and Pfizer for COVID-19 vaccines are not refundable under any circumstances, its health minister said on Wednesday, describing the condition as onerous.
Iran’s move to enrich uranium up to 60% purity is a response to the sabotage at its key nuclear facility, President Hassan Rouhani said on Wednesday, adding the Islamic Republic had no intention of building a nuclear weapon
Opponents of Myanmar’s coup splashed red paint and dye on roads and signs outside government offices on Wednesday to represent the blood of people killed protesting against the junta, on the second day of the traditional new year holiday.
Akwa Ibom State government said it has set up a committee to interface with the Nigeria Ports Authority (NPA) Committee for the implementation of the Ibom Deep Seaport Project.
American music superstar, Kanye West, has allowed his life for over two decades to be captured by cameras as the born-again rapper reportedly sold a documentary to Netflix for $30 million.
Legendary Manchester United defender Rio Ferdinand believes the Red Devils should go for Everton striker Dominic Calvert-Lewin this summer.
Manchester United manager Ole Gunnar Solskjaer labelled Marcus Rashford and Bruno Fernandes exceptional after they scored to wrap up a 2-0 Europa League quarterfinal first-leg win at Granada on Thursday.
Unknown gunmen have kidnapped the chairman of Okrika Local Government Area of Rivers State, Philemon Kingoli, on Wednesday.
Kogi state government has constituted a 36-member Economic Advisory Council (EAC) to provide evidence-driven decision making and rigorous evaluation of the economy.