ATIKU

There will be uninterrupted supply of petroleum products during the forthcoming yuletide season and beyond all over the country, the Nigerian National Petroleum Corporation (NNPC) assured on Wednesday. According to Group Managing Director of the NNPC, Engr. Andrew Yakubu who was speaking in Abuja at the commissioning of customised P-56 Hydraulic Platform designed to combat eventual […]

Vulnerable women and youths in the violence torn Borno State in the North-Eastern part of Nigeria are the next in line to benefit from the special grants being being awarded by the business mogul, Aliko Dangote to empower the people so as to alleviate poverty at the grassroots. The exercise being coordinated by the Dangote […]

 Two schools, the African Church Model College and Sonmori Comprehensive High School, both in Ifako-Ijaiye area of Lagos State, on Monday, became the latest beneficiaries of the UBA Foundation, “Read Africa” initiative. The ‘Read Africa’ initiative is a UBA Foundation project, aimed at rekindling the reading culture of African youths through the donation of African […]

Oando Energy Resources(OER), an affiliate company of Oando PLC, focused on oil exploration and production in Nigeria, has expressed confidence in concluding the acquisition of the Nigerian oil and gas business of ConocoPhillips (COP). Financing Confidence High OER had paid COP an initial deposit of US$435 million deposit, and the net purchase price payable to […]

Towards meeting the national sugar master plan, Dangote Sugar Refinery Plc (DSR) is actively pursuing a backward integration policy with a target of producing a total of 1.5 million tonnes of sugar per annum locally from its subsidiaries. The company also plans to resume exports to selected West African countries in the first quarter of […]

The Management of the Nigerian National Petroleum Corporation (NNPC) has denounced the recent report by Swiss-based NGO (The Berne Declaration) accusing the corporation of colluding with some local and international oil traders to execute unfair industry practices. Speaking with journalists in Abuja, Acting Group General Manager, Group Public Affairs Division of the Corporation, Tumini Green stated […]

Bayelsa State Governor, Hon. Henry Seriake Dickson, has finalized arrangements with Independent Power Energy Limited of America and their financiers, Deutsch Bank of Germany to commence work on a new 100 mega watts gas turbine at Imiringi. Government has equally concluded plans to upgrade the existing gas turbine plant at Imiringi to generate 114-mega watts. […]

The Inspector-General of Police, IGP MD Abubakar, supported by United Bank for Africa (UBA) Plc, on Wednesday, unveiled an electronic anti-crime campaign jingle to air on national radio stations aimed at raising the awareness of Nigerians on how to tackle insecurity in the country.  The campaign will discourage young Nigerians from engaging in crime and […]

Keystone Bank has confirmed the appointment of Ms. Yetunde Kakulu as the Managing Director of its Uganda Subsidiary. Until her posting to manage Keystone Bank interests in the East African region, she was a Divisional Head in the Bank’s Northern Division. Divisional Head, Marketing and Corporate Communication, Keystone Bank Limited,Mohammed Ciroma, made this known in […]

Three days into its commencement, the Pan African conglomerate, the Dangote Group has stamped its presence in a big way at the on-going Lagos International Trade Fair as the subsidiaries from the stable of the of the group dominated activities at the trade exhibition. To savor the various offerings announced by the company, prior to […]

The Minna Depot fire incident in Niger State is a minor challenge that is already being repaired, the management of the Nigerian National Petroleum Corporation (NNPC) has said. According to Acting Group General Manager, Group Public Affairs Division, of NNPC, Tumini Green, the fire, which affected Tank 102 at the Depot, was minor and was […]

United Bank for Africa Plc (UBA) released its nine months financial results today, showing a significant 26.7% growth in loan portfolio, as the bank positions to take advantage of emerging opportunities in Nigeria’s fast growing economy. The nine months results put the bank’s new loan portfolio position at N870.4 billion as at September 2013, representing […]