The Senate Committee on Marine Transport has suggested that the Tolaram Group, sponsors of the Lekki Deep Seaport, should include rail transportation in their construction works to avoid gridlock along the port access road. The Chairman of the Committee, Sen. Ahmed Yerima, made the suggestion during an oversight function of the committee and a visit […]
Category: Business
Skye Bank Plc has announced gross earnings of N85.2 billion for the half year ended June 30, 2015. The result shows an increase of 33 per cent over the N63.9 billion recorded during the corresponding period in 2014. According to the highlights of the results submitted to the Nigeria Stock Exchange (NSE) yesterday by the […]
Akin Adesina Ratings agency S&P Global on Friday affirmed its ‘AAA/A-1+’ long- and short-term issuer credit assessment of the African Development Bank (AfDB) with a stable outlook. The rating agency positively assessed the Bank’s very strong financial risk profile, very strong capital adequacy, strong funding and liquidity, extraordinary shareholder support and adequacy of its governance and management. […]
Governor Rotimi Akeredolu of Ondo State; Governor Ayo Fayose of Ekiti State; Governor Rauf Aregbesola of Osun State; Governor Akinwunmi Ambode of Lagos State; Governor Abiola Ajimobi of Oyo State and representative of Ogun State Governor/Deputy Governor, Mrs. Yetunde Onanuga, holding hands to demonstrate the Unity of the South-Western States after the signing of Memorandum […]
Sterling Bank Plc and Dana Motors Limited at the weekend signed an auto lease agreement that will make it easy for customers of the commercial bank to acquire Kia brands of vehicles in the country. Both organisations said the arrangement is part of a 90-day promo that commenced last week. Dana Motors is the sole […]
l-r: Usmanu Danfodiyo University, Sokoto (UDUS) Alumni & Tony Elumelu Entrepreneur, Dr, Shadi Sabeh ;Vice Chancellor, Usmanu Danfodiyo University, Sokoto (UDUS), Professor Abdullahi Abdu Zuru; Chairman, UBA Plc and Founder, Tony Elumelu Foundation, Tony O. Elumelu; The Sultan of Sokoto, Sa’ad Abubakar III; and Executive Director, North, UBA Plc. Ibrahim Puri, when Tony Elumelu paid […]
The Securities and Exchange Commission (SEC) on Sunday said the Central Bank of Nigeria (CBN) has approved the Guidelines for Granting Liquid Asset Status to Sukuk Instruments issued by State Governments. A statement by the Head of Corporate Communication, SEC, Mr Naif Abdulsalam, in Abuja, said this was a major boost in the issuance of […]
US president, Donald Trump Switzerland has been named as the world’s most-corrupt country, with a “high secrecy score of 76,” according to a sensational new study from advocacy group Tax Justice Network. It is followed by the US and the Cayman Islands, according the group’s report, ‘Financial Secrecy Index — 2018 Results’. “Switzerland is the grandfather of […]
The management of Transmission Company of Nigeria (TCN), said in Abuja on Wednesday that it had attained new peak of 4,810.7 megawatts of generated electricity. This is contained in a statement signed by the Managing Director, System/Market Operation of TCN, Mr Dipak Sarma. The statement said this was achieved at 20.45 hours of Aug. 25 […]
Sitting from Left: Director General, Global Cooperation Department – Americas and Africa, China Development Bank(CDB), Mr Jin Tao and GMD/CEO, UBA Plc, Mr. Kennedy Uzoka signing a $100 million loan facility agreement to fund SMEs in Africa. Standing behind are President of CDB, Mr. Zheng Zhijie and Chairman of UBA Plc, Mr Tony Elumelu, at […]