Business

H1’21: UBA Records 33% YoY Profit Growth, Declares 20k Per Share Interim Dividend

UBA’s Gross Earnings hit $1.4bn, Reports 12.3% Growth in Profit

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, […]

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In 2021 economic outlook report, we posit that the annual real GDP growth rate would range between -2% and 1%

CURRENCY SWAP DEADLINE: N100 TRILLION NATIONAL OUTPUT AT RISK- MUDA YUSUF

The Centre for the Promotion of Private Enterprise [CPPE]  is concerned that the failure to extend the deadline for the currency swap could put N100 trillion component of the national GDP at risk.  Two critical sectors are particularly vulnerable – Trade and Commerce; and Agriculture.   The crippling of business transactions at the distributive trade

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Danbatta Bags Vanguard’s Regulator of the Year Award

Danbatta Bags Vanguard’s Regulator of the Year Award

Danbatta Bags Vanguard’s Regulator of the Year Award 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

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Telecoms Sector amongst biggest contributors to Nigeria’s socio-economic growth --- Prof Danbatta

Nigeria hosts Regional Digital Economy Conference

Nigeria hosts Regional Digital Economy Conference Policy makers and stakeholders in the digital economy ecosystem in the West African sub-region will converge in Abuja from January 31 to 1st February for the Digital Economy Regional Conference to discuss the future of digital economy and intensify regional public-private partnerships for the region. The event is being

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Danbatta Bags Award for Exemplary Leadership in Public Service

Danbatta Bags Award for Exemplary Leadership in Public Service

Danbatta Bags Award for Exemplary Leadership in Public Service The Executive Vice Chairman and Chief Executive Officer of the Nigerian Communications Commission, NCC, Prof. Umar Garba Danbatta was at the weekend in Lagos, decorated with an Award of Exemplary Leadership in Public Service. The award was conferred on Danbatta at the 12th Anniversary Lecture and

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NCC renews MoU with Lottery Commission

NCC renews MoU with Lottery Commission

NCC renews MoU with Lottery Commission The Nigerian Communications Commission, NCC, Wednesday in Abuja, signed a revised Memorandum of Understanding with the National Lottery Regulatory Commission, NLRC, with provisions to deter unapproved lottery and gaming practices on telecommunications platforms through information and intelligence sharing. Executive Vice Chairman of NCC, Prof. Umar Danbatta noted that the

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Vantage Capital exits Pétro Ivoire

Vantage Capital, Africa’s largest mezzanine debt fund manager, announced that in December 2022 it fully exited its investment in Pétro Ivoire, the most established locally-owned distributor of petroleum and gas products in Côte d’Ivoire. The company has a leading position in the gas-to-consumer segment as well as about eighty service stations around the country. Vantage

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UPDATED: First Bank holds Nigeria’s Economic Outlook January 20, 2023

By Eyo Nsima First Bank of Nigeria has concluded plans to hold Nigeria’s Economic Outlook virtually on January 20, 2023. The event aims at enabling its customers and the public to make informed decisions as 2023 begins. In a message to its customers, the bank, stated: “As businesses and individuals, we often set goals ahead

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In 2021 economic outlook report, we posit that the annual real GDP growth rate would range between -2% and 1%

TWEAKING THE 2023 FINANCE BILL AND OPTIONS FOR UNLOCKING REVENUES IN 2023

We commend the President for withholding assent on the 2023 Finance Bill as this would allow for broader consultation, participation and inclusion in the legislative process.  This is alsoin line with democratic standards of law making. Meanwhile, the CPPE has comments on some aspects of the bill as follows: IMPOSITION OF EXCISE DUTY ON ALL

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