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Business

March, 2015

  • 3 March

    Dangote Still The Richest Personage In The Whole Of Africa!

    Alhaji Aliko Dangote has remained Africa’s richest man despite his losses to the devaluation of the Naira and drops in the demand for cement his largest asset. According to Forbes margazine, Dangote was this “year’s biggest loser in dollar terms as his fortune dropped to $14.7 billion from $25 billion last year, propelled downward by a weaker Naira and shrinking demand for ...

February, 2015

  • 27 February

    Zenith Bank MD, Amangbo Excited Over Asset Quality Rating

    Peter Amangbo of Zenith Bank has expressed delight over the performance of the bank and the way Customers are getting attracted. Within the context of the Nigerian operating environment, a total of seven Deposit Money Banks (DMBs) have been rated high in asset quality. The banks are: Zenith Bank, Guaranty Trust Bank (GTB), First Bank Nigeria (FBN) Plc, United Bank for ...

  • 18 February

    Diamond Bank Put Records Straight On Political Allegations Against Alex Otti

    Alex-Otti-MD-Diamond-Bank

    Our attention has been drawn to an Open Letter Advertorial signed by one Hon. Osita Igbe, Director of Media and Publicity, Okezuo Abia Campaign Organisation, addressed to the Chairman/Managing Director of Diamond Bank Plc, entitled “Reckless Conduct of Alex Otti”. The advertorial which was published on page 17 of Vanguard and page 37 of The Guardian of Tuesday, February 16, ...

  • 13 February

    Shell Restates Commitment To Bonga South West/Aparo Project

    The Shell Nigeria Exploration and Production Company Limited (SNEPCo) has restated its commitment to the implementation of the SNEPCO-operated Bonga South West/Aparo (BSWA) project, denying recent reports that it has stopped the development due to the slump in oil price. “We can confirm that we are currently progressing the tender for the Engineering, Procurement and Construction (EPC) contracts to support ...

  • 3 February

    Zenith Bank Gets Fantastic Global Rating

    New-Zenith-Boss, Peter Olisamedua Amangbo

    A new report has listed Zenith Bank Plc, First Bank of Nigeria Limited, Guaranty Trust Bank and Access Bank Plc among the top 500 banks in the world. The United Kingdom-based magazine owned by the Financial Times, The Banker,and Brand Finance in London, in their annual 2015 top 500 banking brands, also ranked First Bank of Nigeria as the number one banking brand ...

December, 2014

  • 23 December

    Dangote Cement Captures W/African Coast, Arrives Cameroon Jan 2015

    aliko dangote

    The first set of the Dangote Cement bags, the 3x Premium, will hit the Cameroun market in January 2015, the management of the company has said. Conducting the Cameroonian media round the 1.5 million metric tonnes per annum capacity plant in Douala, the General Manager of the Plant, Engineer Baba Abdullahi, said the plant was already being test run and ...

  • 15 December

    UBA’s Indelible Footprint At Youth Future Awards

    Phillips Oduoza, UBA - MD

    The future progress of Africa, as a continent, is in the hands of its youthful population, Phillips Oduoza, Group Managing Director and CEO of United Bank for Africa (UBA) Plc, has said. He was speaking during the Future Awards and Summit also popularly known as The Future Awards where hundreds of youths gathered last Sunday at the prestigious Intercontinental Hotel, ...

  • 1 December

    UBA Big Deal For E-Banking In December, Gets Multiple Awards

    Phillips Oduoza, UBA - MD

    United Bank for Africa (UBA) Plc has announced incentives to encourage its customers to use electronic channels for their transactions in December. Tagged: “UBA Cashless December,” the initiative according to a statement from the bank is aimed at encouraging non-cash transactions, in line with the Central Bank of Nigeria’s (CBN’s) cashless policy. It explained that beginning from today to December ...

November, 2014

  • 19 November

    Uduaghan Hails Jonathan As CBN Rolls Out N2 Billion Micro, Small, Medium Fund in Delta

    Delta State Governor, Dr. Emmanuel Uduaghan declared in Asaba on Monday that contrary to the perception of a segment of the nation, President Goodluck Jonathan was working quietly to develop the country. Governor Uduaghan who spoke at the official roll out of the Central Bank of Nigeria (CBN) N2 billion Micro, Small and Medium Enterprises Development Fund (MSMED) in Delta State, explained ...

  • 17 November

    Champagne & Beer Prices Increase As Hard Times Hit Nigeria Over Global Fall In Oil

      Jonathan’s government has announced austerity measures in Nigeria as oil price slide from $100 to $80 globally. One of the effects is heavy taxation on Alcoholic beverages which will lead to increase in price. The decline in the price of crude oil may have started taking its toll on Nigeria   as   the Federal Government on Sunday announced measures aimed ...