ATIKU

The Management of the Nigerian National Petroleum Corporation, NNPC, has allayed fears that the recent decision of Shell and Chevron Nigeria Limited to withdraw from the Olokola Liquefied Natural Gas Project, OKLNG, may derail the President Goodluck Jonathan’s Gas Revolution Agenda launched in March 2011. In a Press Release released to newsmen Tumini Green, Acting […]

Transnational Corporation of Nigeria Plc (Transcorp) is pleased to announce the official listing of its Rights Issue of 12,906,999,142 ordinary shares on the floor of the Nigerian Stock Exchange (NSE). The President/CEO of Transcorp Mr. Obinna Ufudo remarked that the Rights Issue was 132.08% subscribed thus confirming the unflinching support and trust reposed in the […]Read More

From a loss of N7.9billion in five months ended 31 December 2011, Keystone Bank Limited has posted a Profit-Before-Tax of N2.8billion for the year ended December 31, 2012. In the same breadth, Total Comprehensive Income of the Bank rose by 157 per cent, from a loss of N13.79billion to N7.81 billion, while customers’ deposits leapt […]

As part of strategies to diversify the nation’s export base as well create more value for its crude oil, foremost industrialist and President/Chief Executive of the Dangote Group, Alhaji Aliko Dangote, has tasked government to begin the production of petroleum products for export. He made the call in a keynote address titled: ‘Nigeria Beyond Oil’ […]Read More

The World Economic Forum (WEF) with headquarters in Geneva, Switzerland, has announced that the Transcorp Hilton Abuja will be the official hotel and hospitality partner of the 24th World Economic Forum on Africa (WEFA), which will be held for the first time in Nigeria. The three-day event, scheduled from May 7-10, 2014, is expected to […]

The government of Federal Democratic Republic of Ethiopia has lauded President/Chief Executive of Dangote Group, Aliko Dangote for siting a cement plant in that country, promising to provide an enabling atmosphere for the Group and other investors. The commendation, conveyed through a letter from the government of Ethiopia to the President/Chief Executive, came on the […]

Zenith Bank Plc has declared a Profit Before Tax (PBT) of N54.1bn for the half year ended June 30, 2013, an improvement on the N50.2bn it posted this time last year.  Similarly, the bank’s profit after tax improved from N42.41bn this time in 2012 to N45.419bn. According to a report presented to the Nigerian Stock Exchange (NSE), […]Read More

In continuation of its on-going far-reaching corporate transformation, First Bank of Nigeria Limited has announced the appointment of Mr. Adetokunbo Mukhail Abiru as Executive Director, subject to the approval of Central Bank of Nigeria. He will drive the Corporate Banking business of the Bank. The appointment of Abiru, until recently the Lagos State Commissioner for […]

As part of concerted efforts to reduce child mortality in Nigeria, UBAFoundation has undertaken to donate incubators to teaching hospitals in the country. To this end the Foundation today donated two incubators to the University of Benin Teaching Hospital (UBTH).  The incubators were received by the Chief Medical Director of UBTH, Professor Micheal Ibadin and […]

Renowned Nigerian investor and entrepreneur, Dr. Ayoola Oba Otudeko CFR, who is set to clock 70 on the 18th August 2013, has opted for a quiet, low key celebration. In line with his personal philosophy of modesty, Dr. Otudeko has requested that no media advertisements or messages of any kind be published to congratulate him; […]

Elumelu’s Heirs Holdings, the  pan African investment company yesterday signed an agreement with the Lagos State Development Property Corporation (LSDPC), for the redevelopment of the iconic Falomo Shopping Mall located in Ikoyi, Lagos State.  The mall will be redeveloped into a shopping mall an office complex and world class residential apartments that will serve the […]

United Bank for Africa Plc, one of the largest financial institutions in Africa, with presence in 18 African countries and three global financial centers has continued with its impressive results for the financial year with a profit of N33.2bn, for the half year ended June 30, 2013, representing an increase of 9.2%, over the N30.4bn, […]