ATIKU

The Central Bank of Nigeria surprised everyone by hiking rates 100 basis points up to 12% from 11%, on Tuesday. All fourteen analysts surveyed by Bloomberg expected the rate to remain unchanged. This decision comes just months after the Central Bank of Nigeria controversially slashed rates by 2% in November, down to 11% from 13%, […]

… Launches FBN Nigeria Smart Beta Equity Fund and FBN Nigeria Eurobond (USD) Fund  In a bid to proactively address the need for credible alternatives to invest local and USD denominated funds, the Asset Management business of FBNQuest (a part of the FBN Holdings Group), has launched two new mutual funds – the FBN Nigeria Smart Beta Equity Fund […]

…As NNPC consolidates Operation `One Cargo per Day’ The Nigerian National Petroleum Corporation, NNPC over the weekend stepped up measures designed to eliminate the challenges experienced by members of the public in accessing petrol across the country.  The NNPC, in a release noted that the intervention mechanism which is powered by the `Operation one cargo […]

Uber and UBA have today announced a partnership which offers UBA cardholders up to N6,000 worth of free Uber rides from now until 31 March 2016.  UBA cardholders who sign up for Uber will get up to N3,000 off each of their first two rides. To get this offer, a customer needs to sign up […]

First Bank of Nigeria Limited, Nigeria foremost financial institution and the most valuable bank brand in Nigeria, is again leading in thought leadership and policy influencing discourse through its support for the African Business Conference 2016. The conference in its fourth series is an annual forum that convenes business leaders across several sectors in Africa […]

Kennedy Uzoka has replaced Phillips Oduoza as Group Managing Director (GMD) of United Bank For Africa. Mr. Uzoka is to be assisted by Mr. Victor Osadolor, who was appointed Deputy Group Managing Director. Tony Elumelu, UBA board Chairman announced  the  appointment at a meeting of Board of Director of the Bank on Tuesday. A statement issued by […]

The Central Bank of Nigeria (CBN) has frowned at excessive and illegal charges allegedly forced on individuals by some Deposit Money Banks (DMBs). The apex bank pointed out that  the Revised Guide to Bank Charges clearly underscores allowable charges for all banking services and the CBN does not in any way condone the fleecing of […]

The Minister of State for Petroleum Resources and Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachickwu on Thursday stated that the  price modulation mechanism currently in place for petroleum products will ensure that the Federal Government records zero expenses on fuel subsidy in 2016.  Delivering the 45th Convocation Lecture of the […]

Are you an upcoming Actor, Script Writer, Director, Producer or Art Director? FirstStars Reality TV Show is a great opportunity to unveil your potential! FirstBank is reinforcing its passion and commitment to nation building and diversified economy by partnering with EbonyLife TV, through its strategic initiative- First@arts to showcase the business of the arts and […]

…To raise production capacity by 9mmtpa In a deft move to consolidate on its leadership in the cement sector, Dangote Cement Plc has announced the commencement of the construction of new cement plants in two communities in the country. The new plants are expected to add 9 million metric tonnes per annum to the company’s […]

Leading investor and Chairman, Heirs Holdings, UBA Plc and founder of the Tony Elumelu Foundation, Tony O. Elumelu has applauded the U.S. House of Representatives for the passage of the “Electrify Africa Act,”  which took nearly three years trying to get the measure through both chambers of Congress.   The Electrify Africa Act creates a framework for […]

Washington DC. January 28, 2016: Mr. Tony Elumelu, Chairman, Heirs Holdings and Founder Tony Elumelu Foundation has called on the United States Congress to pass the ‘Electrify Africa Act’ stating that the passage in to law would make a world of difference in Africa. “When you leave this place call your Representatives and the leadership […]