TransAfam Power Ltd, a subsidiary of Transcorp Group, has announced the completion of the rehabilitation of its Afam 5 GT unit 20 Gas Turbine power-generating unit located at Okoloma – Afam, Ndoki in Oyigbo Local Government Area of Rivers State. The rehabilitated unit, which has been successfully commissioned and synchronized to the national grid, bringing […]
By Eyo Nsima Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced remarkable performance in its unaudited financial results for the third quarter that ended September 30, 2022, recording impressive growth across all its major indices, replicating the commendable performance it achieved in the first two quarters of the current fiscal year. Specifically,
UBA’s Gross Earnings hit $1.4bn, Reports 12.3% Growth in Profit Read More »
By Eyo Nsima The Board of Directors, United Bank for Africa Plc (UBA), has appointed Mrs. Abiola Bawuah, a Ghanaian, as the Chief Executive Officer (CEO) of UBA Africa. Bawuah, who is the first female CEO of UBA Africa, will join the Group Board as an Executive Director, overseeing the Group’s operations across the
UBA appoints Bawuah as first female CEO for Africa Read More »
. Holds AEW from October 16 – 20, 2023 in Cape Town By Eyo Nsima The Executive Chairman, African Energy Chamber, AEC, the organizers of African Energy Week, AEW, Mr. Nj Ayuk has disclosed that AEC will continue to campaign for increased investments and private sector participation. This is partly based on the need to
The Nigerian Content Development and Monitoring Board (NCDMB) is ever ready to support other African nations in developing and implementing local content policies as a strategy for improving indigenous participation and value optimization from hydrocarbons and mineral resources. The Executive Secretary NCDMB, Engr. Simbi KesiyeWabote gave the assurance on Monday at the Board’s liaison office,
NCDMB Pledges Continuous Support to Local Content Development in Africa Read More »
British International Investment (BII), the UK’s development finance institution (DFI) and impact investor, has announced the appointment of Chris Chijiutomi as MD, Head of Africa. Moving on from his previous role at BII as MD and Head of Infrastructure Equity, Chijiutomi will now lead the DFI’s operations in Africa and work to further strengthen its
British International Investment appoints Chris Chijiutomi as MD, Head of Africa Read More »
By Our Correspondent A fire erupted in the engine room of cargo ship GUO XIN 1 in the morning of January 30, 2023, off Lamma Power Station in Hong Kong, according to FleetMon. It stated: “1 crew died, 12 were evacuated, and the fire was extinguished in about 2 hours. The ship was understood to
MARITIME ACCIDENT: Fire in ship’s engine room, 1 crew died in Hong Kong Read More »
By Our Correspondent A Container ship CAPE CORTIA suffered a fire, reportedly in the engine room, on the morning of January 30, 2023, according to FleetMon. It stated: “Container ship CAPE CORTIA suffered fire, reportedly in the engine room, in the morning Jan 30, on approaches to Balboa, Panama Canal. “Fire was extinguished by Panama
MARITIME ACCIDENT: 11,000-TEU container ship fire in Panama Read More »
By Our Correspondent Nigeria has opened up a new billion-dollar Chinese-built deep sea port in Lagos, Nigeria, according to FleetMon. It stated: “This new port is expected to greatly reduce congestion in the country’s ports and make Lagos a transshipment hub in Africa for handling cargoes headed to other destinations. “The new port named the
MARITIME: How Nigeria Opened Billion-Dollar- Chinese-Built Deep-Sea Port in Nigeria Read More »
The Executive Vice Chairman and Chief Executive of the Nigerian Communications Commission (NCC), Prof. Umar Danbatta, was at the weekend in Lagos, decorated with the 2022 Regulator of the Year Award at the prestigious 11th Edition of the Vanguard Personality of the Year Award where men and women who have distinguished themselves as achievers of
Danbatta Bags Vanguard’s Regulator of the Year Award Read More »
