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Wednesday , 25 May 2016

Business

Big Endosement ! :UBA Gets BUY Rating On Stock

oduoza uba

Analysts have unanimously placed a BUY rating on the stock of United Bank for Africa Plc (UBA), the lender with 19 branches across Sub Saharan Africa, amid creeping inflation, forex uncertainty, rising unemployment and bleak economic prospects The recommendation is on the back of the lender’s ability to consistently growth earnings in the last four years while intensifying on its ...

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FRSC’s speed limiters Gets Reps Approval

boboye

The House of Representatives Committee on Federal Road Safety Commission has endorsed the move by the Federal Road Safety Corps to introduce speed limiting devices on vehicles in the country as part of measures to curb road crashes. A report of the committee,  obtained in Abuja on Monday, indicated that the FRSC acted within the powers conferred on it by ...

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Buhari cancels Lagos visit, delegates Osinbajo

ambode & osinbajo

President Muhammadu Buhari has called off his two-day visit to Lagos state. According to Garba Shehu, senior special assistant to the president on media and publicity, the president took the decision because of Ramadan. Shehu explained that Vice-President Yemi Osinbajo will represent Buhari, saying the president had earlier rescheduled his visit to Edo state. “The president is faced with scheduling ...

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Dangote Flour restructures, Creates jobs In Kano Via Wheat Farm

dangote in kano

As part of its restructuring process for greater market share, Dangote Flour Mills has reopened its plant in Kano with plans to grow wheat in the state. The plant was shut down by Tiger Branded Consumer Goods of South Africa following its acquisition of the flour mill. The reopening ceremony and commissioning of new machines at the plant location in ...

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GTBank redeems $500,000,000 Eurobond

Chief-Executive-Officer-GTBank-Mr.-Segun-Agbaje

Guaranty Trust Bank plc on Thursday announced the redemption of the outstanding portion of the $500,000,000.00 Eurobond Notes due May 19, 2016. In February 2016, the bank successfully issued a Cash Tender Offer to repurchase any and all the outstanding $500 million 7.5% Eurobond Notes due May 2016 as part of its effective liability management strategy. The tender was the ...

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UBA Leads @ Stock Market

Phillips Oduoza, UBA - MD

United Bank for Africa (UBA) Plc jumped to the front of the counter at the stock market as quoted equities sustained their upswing with a gain of N214 billion last week. In a tight market with nearly one gainer to every loser, significant rally in the banking sector led by UBA boosted the overall market position. Benchmark indices at the ...

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One year in office: Gov. Ugwuanyi set to commission road projects

Governor-Ifeanyi-Ugwuanyi-of-Enugu1

Governor Ifeanyi Ugwuanyi’s desire to commission some completed road projects in the state as part of the activities marking his one year in office. Speaking during an inspection tour of the ongoing road projects in the state, the Chairman of the committee, Arc. Chris Offor commended Governor Ugwuanyi for his development initiatives and commitment to his campaign promises to the ...

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UBA Next Generation Lauch In Nsukka,..A Huge Success

There are clear indications that UBA next generation,activities at, University of Nigeria Nsukka, From the 16th-20th of May,was a huge success.   All the fun is happened on campus at University of Nigeria Nsukka! It was  fun with lots of music, dance, rap contest, fun activities, and awesome give away gifts…..plus you get to open a UBA Next Gen account ..Preceeding ...

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Shell MD, Buhari In Close Door Meeting,.”.We’re Not Leaving Nigeria”

shell md,buhari

President Buhari who is the Minister of Petroleum met with Shell Global Upstream Director, Andrew Brown and Shell Nigeria’s MD, Osagie Okunbor at the State House, Abuja today May 20th..Sources said there were talks about the challenges in the sector,especially as it affect Shell as a major player…Shell MD, we also gathered ,affirm,that Shell is not leaving..’rather we will weather ...

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Agbaje, GTBank lead African Banker nominations

Chief-Executive-Officer-GTBank-Mr.-Segun-Agbaje

Segun Agbaje, the Chief Executive Officer and Managing Director of Guaranty Trust Bank, has been nominated for the biggest individual accolade in the upcoming African Banker Awards. Agbaje is nominated for the Banker of the Year. Agbaje will be contesting the accolade alongside banking executives from Egypt, Kenya, Mozambique and Tanzania. His bank, GTBank, has also secured three nominations – ...

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