Category Archives: Economic Highlights

UBA Mastercard Holders To Win All-expenses-Paid Trip To June 1 Finals of 2019 UEFA Champions League

Leading Pan-African Bank, United Bank for Africa (UBA) Plc in partnership with leading global payments and technology company, Mastercard, will be giving away an all-expenses paid trip- ticket to 12 lucky customers of the bank and their plus ones to watch the Finals of the 2019 UEFA Champions League.

Nigeria: Oil Firm Declares Force Majeure Over Pipeline Fire

Nigeria’s crude oil exports have suffered a setback as Aiteo Eastern Exploration and Production Company Limited declared force majeure on Nembe Creek Trunk Line (NCTL) following a fire outbreak.The NCTL, a major crude oil transportation channel used for export, evacuates crude to the Bonny Crude Oil Terminal.

Fire Extinguished On Nigeria’s Oil-Exporting NCTL Pipeline -Aiteo

A fire on Nigeria’s oil-exporting Nembe Creek Trunk Line reported on Sunday has been completely extinguished, operator Aiteo said in a statement.

UBA Rewards 20 More Customers With N30m In Wise Savers Promo

United Bank for Africa (UBA) has rewarded another 20 customers who emerged winners in the second quarterly draw of the UBA Wise Savers Promo with N1.5 million each, bringing the total amount won by 40 customers so far to N60 million.

Transcorp Group Unveils Strategy To Drive 2019 Projections … Targets Cost Management Initiatives to Drive Hospitality Business, Others … Transcorp Power positions to maintain power generation lead in Nigeria by increasing its generation capacity

Nigeria’s leading conglomerate, Transnational Corporation Plc has set strategies to maintain the strong business performance displayed in the recently released 2018 year-end results.
The company articulated its robust growth projections for the year 2019 at its Facts Behind the Figures presentation which held on Tuesday, March 26, at the Nigerian Stock Exchange.

UBA Hinges Future Performance On Cost Efficiency, Improved Asset Quality

Pan African financial institution, United Bank for Africa (UBA) Plc has assured its local and international investors that it’s prudent focus on improved asset quality as well as the continuous adoption of strict cost efficient measures will help the bank achieve its objectives and priorities for the 2019 financial year and beyond.
This the bank has said will culminate into an institution with even stronger indices laced with the capacity to churn out strong double-digit growth in annuity-based trade services, enhanced offerings and improved customer service.

2019 Elections: PDP States More Economically Viable Than APC States – Analysts • Average Income Per Capital Of APC States Is $1,545, PDP Is $2,585 • Out Of 10 States With Highest WAEC Scores, 6 Are PDP States

Research by analysts at Financial Derivatives Company (FDC) Limited has indicated that the poor and very poor voted for the APC in the just concluded general elections, with many of the states that voted for the APC poor.
In a breakfast presentation to the Lagos Business School (LBS) by the Bismark Rewane led FDC shows that the PDP states are more economically viable.

How Leo Won A Million Hearts In 12 months…More Than 1million Africans Now Bank On Leo

With ever-increasing customer expectations of quick service and near real-time transactional support, United Bank for Africa (UBA) committed resources to Artificial Intelligence (AI) a year ago, birthing Leo, a Banking Chatbot that helps customers carry out key banking transactions anywhere, using mobile devices and personal computers.

NIMASA Undertakes Surveillance Training For Security Agencies

In its effort to rid the Nigerian maritime domain of criminalities, the Federal Government through the Nigerian Maritime Administration and Safety Agency (NIMASA) has undertaken surveillance training for officers from the Nigerian Army, Nigerian Navy, Nigerian Air Force, Nigeria Police, the Department of State Services (DSS), and NIMASA, on the C4I Integrated Surveillance Systems operation. The system will aid the coordinated view of the entire Nigerian maritime domain.


Sèmè City, the International Knowledge and Innovation City, has partnered with the Tony Elumelu Foundation (TEF), the leading philanthropic organization empowering African entrepreneurs to train and empower additional 50 Beninese entrepreneurs.