The United Bank for Africa (UBA) Plc, through its Corporate Social Responsibility arm, the UBA Foundation, continued on its quest to educate and empower African youths as it visited Our Lady of Mercy Girls Secondary School in Nairobi to donate over 500 copies of the book The Fishermen(by Chigozie Obioma), under the UBA Foundation’s Read Africa Initiative. The initiative which was …

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The Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Tony O. Elumelu, CON, has called on African leaders and development institutions to help address the deepening job and employment crisis bedevilling the continent by lending support and paying more attention towards the agricultural sector, creating access to electricity and developing entrepreneurship. Elumelu who said this while speaking on the theme ‘How do we …

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Federal Government has commended Heritage Bank Limited, Nigeria’s Most Innovative Banking Service Provider, for its commitment to the development and growth of the creative industry. The Minister of Information and Culture, Alhaji Lai Mohammed gave the commendation at a two-day Creative Nigeria Summit held in Lagos recently with the theme: Financing the Film, Television and Music Industries; which was co-sponsored by the …

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Nigerian multinational financial leading institution, United Bank for Africa (UBA) Plc has said that it has complied fully with the Federal Government’s directives as regards regulation on Treasury Single Account policy. The bank said it is however concerned that its name was mentioned among seven financial institutions directed by a Federal High Court sitting in Lagos to temporarily remit a …

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History will be made on Sunday July 23rd, 2017 as Ikeja City Mall in Lagos hosts the first Nigerian National Freestyle Football Championship in Nigeria, organized by Feet ‘n’ Tricks Limited. On the choice of  Ikeja City Mall as the venue of the event, Nzewi said that the Mall has become the  prime destination of choice for entertainment and relaxation …

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German luxury carmaker and Volkswagen subsidiary Audi issued a voluntary recall of up to 850,000 diesel vehicles Friday, saying it would help reduce engine emissions. Audi, Volkswagen and Porsche vehicles with affected engines in Europe and other markets outside North America will receive a free software upgrade “that improves emissions behaviour in real driving conditions further beyond existing legal requirements,” …

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The Central Bank of Nigeria (CBN) has the capacity to sustain ongoing foreign exchange (forex) interventions despite the pressure on the foreign exchange reserves, Chief Consultant of Biodun Adedipe Associates Limited, ‘Biodun Adedipe has said. Speaking on Thursday at the Finance Correspondents Association of Nigeria (FICAN) Half-Year Economic Review held in Lagos, he disclosed that on the 30-day moving average, …

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Shareholders of Fidson Healthcare Plc on Thursday endorsed the board of directors’ request to raise N6 billion which will enhance the company’s business operation, just as shareholders approved the payment of 5 kobo dividend, which amount to N75 million for the financial year ended December 31, 2016. According to the company the dividend warrant will be posted to members whose …

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The United Arab Emirates-based Etisalat Group said it will terminate all rights granted to the Emerging Markets Telecommunication Services Limited and EMTS lenders to use its Etisalat brand on Friday, July 21, 2017. The Group, in a letter with ref rence number HO/GCFO/152/105, which was addressed to the Director General of the Abu Dhabi Securities Exchange and signed by Etisalat Group’s …

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Leading investment adviser in the domestic economy, Meristem Securities Ltd on Tuesday upgraded the recommendation on Forte Oil Plc to buy from hold. Meristem Securities raised the target price to N77.41 from N64.09, implying a 68 percent increase from the last close. The target matches the consensus average of N77.41. According report made available to Bloomberg, Meristem Securities had before …

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