UBA Gives Customers Reason To Cheer…100 Customers Rewarded With N100,000 Each

Pan African Financial institution, United Bank for Africa (UBA) Plc has again given its loyal customers reason to cheer as it rewarded 100 loyal customers with N100,000 each in the UBA Bumper account draw.  The draw, which took place at the UBA Head office on Tuesday, was held via the Facebook platform in strict compliance with social distancing rules as directed by the Federal and Lagos State Government were 100 more customers emerged winners through a transparent draw. When contacted, the customers who emerged winners of the draw agreed that…

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Q1 2020: In Spite Of Business Upsets, UBA Records Impressive N32.7bn Profit.

Pan African financial institution, United Bank for Africa Group (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2020, showing double-digit improvement across all its major income lines.  The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an impressive 8.5 percent year-on-year growth in profit before tax in the first three months of 2020, to N32.7 billion compared with N30.2 billion recorded in the first quarter of 2019. Again, UBA sustained its strong profitability recording…

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Transcorp Group CEO, Owen Omogiafo Unveils New Strategic Vision For Nigeria’s Largest Listed Conglomerate At Company’s AGM

Shareholders of Transnational Corporation of Nigeria Plc (Transcorp) have congratulated the Board and management for the resilient performance achieved in 2019, despite the challenging environment. They welcomed the diversified earnings provided by the Group, Nigeria’s leading listed conglomerate, the largest power generator in Nigeria, the operator of sub-Saharan Africa’s largest hotel, and a growing natural resources player. Transcorp held its 14th Annual General Meeting (AGM) online, due to the Covid19 pandemic, a corporate first in Nigeria. Shareholders participated in the meeting through proxies and a total of 129 proxies representing holders…

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Reps Probe Installation Of 5G Network In Nigeria

The Senate has mandated its standing Committee on Communication, Public Health, Science and Technology, ICT, and Cybercrime to carry out a holistic investigation into the installation of a 5G network in Nigeria. The Senate’s resolution was the sequel to a motion sponsored by Senator Lilian Ekwunife, who called the attention of the Senate to the growing concern on the installation of a 5G network in the country. The Senate also ordered the Nigerian Communications Commission to put on hold the installation of the 5G network. In her lead debate, Ekwenife…

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Public Fury As FG Renames Abacha Loot As Assets

The usage of “assets” instead of “loots” to describe funds recently recovered from the former Head of State, General Sani Abacha and returned by the United States, has courted the indignation of many Nigerians. The Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN), had taken to his Twitter account, @MalamiSan, on Monday to confirm the receipt of the fund. “I am happy to confirm that the Federal Republic of Nigeria on Monday 4th May 2020 received $311,797,866.11 of the Abacha assets repatriated from the United…

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COVID-19: IGP Fumes As Woman Slaps DCO, Bites Police Officers

The Inspector-General of Police, Mohammed Adamu, has commended the Divisional Crime Office II, Eruwa Police Division, Oyo State, ASP Adeyemo Ogunyemi, for his uncommon restraint and professionalism in the face of unprovoked attack as shown in a viral video, where a woman, identified as Kehinde Afolake, was seen assaulting him unchallenged and without retaliation, while he was carrying out the COVID-19 enforcement duties at Gbolagunte, Okeola area of Eruwa, Ibarapa, Oyo State on May 1, 2020. The Force Public Relations Officer, Deputy Commissioner of Police Frank Mba, said the Officer,…

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COVID-19: FG Grants Two Months Licence Fee Waiver To Broadcast Stations

The Minister of Information and Culture, Alhaji Lai Mohammed, has announced the granting of a two-month license fee waiver for terrestrial broadcast stations in the country by the National Broadcasting Commission. This comes as part of efforts to ease the negative effect of the COVID-19 pandemic on the broadcast industry The Minister, who stated this at a meeting with the Broadcasting Organisations of Nigeria in Abuja on Wednesday, also announced the setting up of a committee of Creative Industry stakeholders to look into and advise the Federal Government on the…

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COVID-19: GTB Opens 40 More Branches

Guaranty Trust Bank Plc has announced the re-opening of 40 more branches across the country from Wednesday as the country battled the Coronavirus Disease pandemic. The announcement was contained in a memo the Bank sent to its customers in the wake of the easing of the lockdown in Lagos and Ogun States and the Federal Capital Territory, and the restriction of movement imposed by some States, The Bank said it has also extended banking hours to 9 am to 3 pm daily instead of the initial 9 am to 1…

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FG Receives Over $311m Abacha Loot Repatriated From US, Jersey – Malami

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami (SAN), confirmed the receipt of $311,797,866.11 million of the Abacha assets repatriated from the United States and the Bailiwick of Jersey. Malami made the confirmation in a statement by Dr. Umar Gwandu, his Special Assistant on Media and Public Relations,  in Abuja. According to Malami: “The amount increased from over $308 million mentioned in the press release issued in February to $311,797,866.11 million following the accrued interest from February 3 to April 28 when the fund was transferred to…

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COVID-19: FG Extends Ban On Flights By Four Weeks

The Federal Government has extended the ban placed on flights in the country as part of efforts to curtail the spread of coronavirus for another four weeks. The Chairman of the Presidential Task Force on COVID-19, Mr. Boss Mustapha, disclosed this at the daily briefing of the task force on Wednesday. Mustapha, who is also the Secretary to the Government of the Federation, said the decision to extend the ban was taken after due consultation with experts. He said, “Tomorrow marks the last day for the enforcement of the closure…

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