UNIBEN Alumni honours UBA’s Uzoka; Giwa-Osagie, others

University of Benin Alumni Association, Lagos Chapter has honoured the Group Managing Director/Chief Executive Officer of United Bank for Africa(UBA), Mr. Kennedy Uzoka.

Chevron is Trying to Sell 2 Nigerian Businesses, Again

Over the years, a number of foreign oil companies including Chevron, Royal Dutch Shell and ExxonMobil have retreated from onshore and shallow-water production in Nigeria due to oil theft.
Energy giant Chevron has launched the sale of its stakes in two Nigerian offshore oil and gas blocks, a sale document seen by Reuters News Agency showed, as the company seeks to dispose of aging assets to focus on its fast-growing production in the United States.

Manufacturers win big from central bank’s credit push … Lending to manufacturers rises to a two-decade high

The manufacturing sector is the biggest winner of central bank policies that have forced lenders to extend more credit to the private sector.
Lending to manufacturing companies in Africa’s most-populous country from May to the end of October totaled N459.7 billion ($1.3 billion), the most in two decades, central bank Governor Godwin Emefiele said in Abuja.

Tony Elumelu to Receive National Productivity Order of Merit (NPOM) Award from the Federal Government of Nigeria

Tony O. Elumelu, CON, Founder of The Tony Elumelu Foundation (TEF) and Chairman of the United Bank for Africa Group (UBA) and Heirs Holdings, will be conferred with the National Productivity Order of Merit (NPOM) Award by the President of the Federal Republic of Nigeria, H.E. Muhammadu Buhari, GCFR in recognition of his continuous hard work and total commitment to the empowerment of youths in Nigeria and Africa.

Nigerian border closures cut smuggling but drive up prices

The closure of the Nigerian borders may have achieved its set goals, but some things not bargained for have also surfaced, the combination, pushing up prices of goods and affecting some other businesses as well.

Sim Shagaya’s uLesson African edtech startup raises $3.1M

Nigerian founder Sim Shagaya is back with a new startup — uLesson — that has raised a $3.1 million seed round led by TLcom Capital.
The venture is integrating mobile platforms, SD cards, culture-specific curriculum and a network of tutors to bridge educational gaps for secondary school students in Nigeria and broader Africa.

Nigerian border closures cut smuggling but drive up prices

The closure of the Nigerian borders may have achieved its set goals, but some things not bargained for have also surfaced, the combination, pushing up prices of goods and affecting some other businesses as well.

Nigerians to pay more for fuel as sulphur regulation takes effect Jan. 1, 2020

The 2020 International Maritime Organisation (IMO) Fuel Sulphur Regulation comes into effect from I January 2020. The new regulation provides a 0.5 per cent global sulphur cap on fuel content, lowering from the present 3.5 per cent limit. This new cap is part of the IMO’s response to heightening environmental concerns, contributed in part by harmful emissions from ships.

University dons proffer solutions to Africa’s economic prosperity at the UBA Professorial Lecture

Intellectuals and leading minds across Africa have suggested the adoption by governments, of strategic policy actions which are expected to ultimately lead to the economic prosperity of the continent.

REDTV set to Host the Biggest Party of 2019 … Grammy award nominee, Burna Boy, Olamide ‘Baddo’ Jidenna to perform

REDTV, the fast-paced lifestyle channel that puts Africa on the global stage is about to host the 4th edition of its annual party , ‘The Redtv Rave’ on November 30, 2019. Powered by the United Bank for Africa (UBA), this year’s rave which is themed ‘The shutdown’, is where everyone wants to be.