Business
Buhari inaugurates Dangote Fertiliser Plant in Lagos, hails intervention in cement, fertilizer manufacturing
President Muhammadu Buhari has expressed optimism that the President of Dangote Group, Aliko Dangote, will replicate the successes recorded in the cement...
UBA, Cellulant partner to expand reach to 19 markets across Africa
Africa’s global bank, United Bank for Africa (UBA) Plc, and a leading Pan-African Payments company, Cellulant, have announced a partnership to extend payment...
UBA’s gross earnings hit N660.2bn, total assets grow to unprecedented N8.5 trn in 2021 –Uzoka
Africa’s global bank, the United Bank for Africa (UBA) Plc, says investors of the bank will enjoy huge financial benefits and dividends in...
NIRSAL facilitates ₦73bn into Nigeria’s Agro Processing industry, says MD
In pursuit of its mandate of creating a stronger linkage between segments of Nigeria’s Agricultural Value Chain and subsequent AVC-linkage to commercial...
Dangote Sugar records N50.21bn profit, N276bn revenue in 2021
The Dangote Sugar Refinery says it has recorded a gross profit of N50.21 billion and profit-after-tax of N22.05 billion at the close of...
GTCO Plc Posts Whopping Profit Before Tax of ₦221.5bn for 2021
Guaranty Trust Holding Company Plc (“GTCO Plc” or “the Group”) has posted Profit-Before-Tax of ₦221.5billion, representing a 7.0% drop from ₦238.1billion recorded...
$2.1tn targeted globally on renewable energy in 2022, says Wunti, NAPIMS boss
He said: “$2.1 trillion is expected to be spent on renewable energy in the year 2022. All to fund renewable; That is three...
Cement high prices: BUA Group fingers middlemen, competitors
A cement manufacturing company, the BUA Group has blamed middlemen and other manufacturers for the high cost of cement in the...
COVID-19: CBN says over N3trn loans disbursed to revive economy, create jobs
By Ajuma Edwina Ameh To facilitate economic recovery and generate employment opportunities in the wake of the...
NNPC Ltd generates ₦2.61trn, petrol contributes 99.76% from August 2020 to August 2021 — Report
A total revenue of ₦2.61 trillion with petrol contributing about 99.76% was generated from the sales of white products from August...
Tony Elumelu: “I was excited to witness AFCON final hosted at UBA-financed world-class Olembe Stadium, Yaoundé, Cameroon
The United Bank for Africa (UBA), a Nigerian pan-African financial services group, financed the world-class Olembe Stadium, Yaoundé, Cameroon which hosted...
BP records highest profit in last eight years
The London based BP oil company has seen its profits surge to the highest in almost a decade, thanks to rising crude and...
In 2021, Nigeria loses $4bn to oil thieves, threat to nation’s corporate existence, economy — Elumelu
Nigeria lost about $4 billion to oil thieves in the three quarters of 2021 and such funds are being use to...
Elumelu at Jamaica capital markets annual conference, calls for African entrepreneurs- Caribbean collaboration
The Group Chairman of United Bank for Africa (UBA), a Nigerian pan-African financial services group, Mr Tony O. Elumelu, has called for collaboration...
NNPC Ltd, Afreximbank to raise $5 billion financing to support upstream Businesses
NNPC Ltd, Afreximbank to raise $5 billion financing to support upstream Businesses and facilitate energy supply and transition, NNPC GMD Mele Kyari disclosed...
US set to be world’s biggest LNG exporter – IHS
The United States is poised to be the largest exporter of liquefied natural gas globally this year as China, the world’s second-biggest economy,...
