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Business

May, 2016

  • 23 May

    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 ...

  • 23 May

    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 ...

  • 23 May

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

    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 ...

  • 23 May

    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 ...

  • 20 May

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

    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 ...

  • 20 May

    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 – ...

  • 19 May

    Consumers switch to pastes as prices of tomatoes skyrocket

    Fresh tomato consumers are gradually switching to pastes on account of a ravaging disease known as ‘Tuta Absoluta’, which has forced prices of tomatoes to increase by 135 percent. A big basket of tomato, which went for N17, 000 a month ago is now sold for N40, 000. The increase in price has forced consumers…to search for alternatives The prices ...

  • 19 May

    Access Bank Raises Funds to Support IDPs, vulnerable children

    The hope of Internally Displaced People across the country may have risen following Access Bank Plc plans to extend support to them. This is in addition to numerous support given to the vulnerable children in the country. There are about five million displaced people worldwide but Nigeria has about one million of that population .Infact, preparations have reached top gear ...

  • 19 May

    Sterling Bank elevates 565 staff

    Sterling Bank has continued to demonstrate its commitment to rewarding excellence, hardwork and dedication, and boosting productivity among staff as it announced the promotion of 566 staff. The Bank in a statement signed by its Managing Director and Chief Executive, Mr. Yemi Adeola and made available to our reporter explained that the promotion exercise which cut across the senior and ...

  • 19 May

    Petrol price strike flops in PH, Abuja, Lagos, NW, NE

    Workers  yesterday shunned the strike called by a faction of the Nigeria Labour Congress (NLC) led by Ayuba Wabba to protest the increased price of petrol from N86.50 to N145. But there were rallies, which disrupted traffic in some cities. All was normal in the Federal Capital Territory (FCT), Abuja – the seat of the government – and in Lagos ...