S&P Assigns ‘B/B’ Ratings And Stable Outlook On UBA Plc; At Par With The Nigerian Sovereign

S&P Assigns ‘B/B’ Ratings And Stable Outlook On UBA Plc; At Par With The Nigerian Sovereign

International Rating Agency, Standard and Poor’s (S&P) assigned  its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for Africa (UBA) Plc, are at par with S&P ratings on the Nigerian Sovereign. More so, […]

Oil Spill: Experts Warn Ogoni Residents To Stop Consuming Sea Food, Water

Oil Spill:  Experts Warn Ogoni Residents To Stop Consuming Sea Food, Water

Paul Obiajunwo, Port Harcourt   Oil spill and environmental experts from Canada yesterday called on Ogoni residents who have no alternative to relocate from their affected oil spill locality to stop   consuming sea food and contaminated water from the river.   The environmental activists made the call during awareness program on environmental Remediation, Clean-up Technologies […]

Elumelu, African leaders commend AFC on World Class Governance Standards

Elumelu, African leaders commend AFC on World Class Governance Standards

Chairman, United Bank for Africa Plc, Tony O. Elumelu, has hailed the African Finance Corporation on its various initiatives and contributions targeted towards supporting African economies in the last few years noting that these initiatives have gone a long way in fostering growth and diversity on the continent. Elumelu , who gave this commendation during […]

Five Richest Nigerians’Wealth Enough To End Poverty in Nigeria – Oxfam Report

Five Richest Nigerians’Wealth Enough To End Poverty in Nigeria – Oxfam Report

Chris Steven, Abuja  Lifting all Nigerian people living below the extreme poverty line of $1.90 out of poverty for one year will cost about $24 billion, an international humanitarian non-governmental organisation, Oxfam has said. The organisation in a report titled “Oxfam Nigeria Inequality Report” released on Wednesday said “This amount of money is just lower […]

FG Spends N41.714bn On Social Investment Project

FG Spends N41.714bn On Social Investment Project

The Federal Government, on Tuesday provided further updates on its ongoing social investment programmes for which N41.714bn has been spent already implementing different aspects of the four Social Investment Programmes, with over one million beneficiaries, including 57,234 interest free loans to artisans and traders. Of that amount, N-Power, the job programme for unemployed graduates has […]

Budget Management Will Quash Poverty In Nigeria, Says Ariyo

Budget Management Will Quash Poverty In Nigeria, Says Ariyo

By Ajibola Abayomi, Lagos The Federal Government has been advised to lift the majority of Nigerians above poverty with good management of the nation’s huge human that would ensure economic prosperity. This was the submission of Prof Ademola Ariyo of the Department of Economics, University of Ibadan at the maiden public lecture of the Faculty of […]

Reveal True Cost Of Imported Petrol Now, Ad hoc Committee Tells NNPC

Reveal True Cost Of Imported Petrol Now, Ad hoc Committee Tells NNPC

By Patrick Aigbokhan A recent visit to Lagos depots of some private operators involved in transportation and urged immediate need for the Nigerian National Petroleum Corporation (NNPC) and its subsidiaries to make public the true cost of imported petrol in the country. The House of Representatives Ad hoc Committee on Review of Pump Price of […]

National Assembly Passes N7.4trn 2017 Budget

National Assembly Passes N7.4trn 2017 Budget

Chris Steven, Abuja The two legislative chambers of the National Assembly has passed the 2017 budget proposal. A total sum of ₦7.44 trillion was approved by the House of Representatives on Thursday following the adoption of the report from its committee on appropriation. Earlier before the House committee on appropriation presented its report, there was […]

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