Shell and other oil giants leave Nigeria, as Nigerian billionaires purchase assets Recent months have seen major changes in oil asset ownership in Nigeria, especially in the upstream sector. In Nigeria's oil industry, Shell, Exxon Mobil, Chevron, Agip, Texaco and Total brand names were synonymous...

Insecurity: Private Sector Raises Fresh N100bn To Support FG   The Coalition Against COVID-19 has disclosed plans to provide N100bn to the Federal Government to assist security agencies tackle the current spate of insecurity in the country. The Chairman of the United Bank for Africa, Tony Elumelu...

Fed Govt, Transcorp’s Afam Plant Deal To Add 966MW Generation         The Federal Government on Thursday signed a share sale and purchase agreement with Transcorp Power Consortium in relation to Afam Power Plc and Afam III Fast Power Ltd. The agreement, which is expected to lead to...

CBN, Dangote Plan N120bn COVID-19 Fund, Rabiu, Elumelu Donate N6bn   The Central Bank of Nigeria and the private sector, led by Aliko Dangote Foundation and Access Bank, have set up a coalition aimed at raising N120bn towards the fight against COVID-19 in Nigeria. The Governor, Central...

Invest $2.5bn In African Entrepreneurs, Elumelu Urges Japan   The Chairman of United Bank for Africa Plc has urged the government of Japan to invest five per cent of its $50bn commitment to Africa in empowering African entrepreneurs. Elumelu spoke at the 7th Tokyo International Conference on...

UBA shareholders Approve N22.23bn dividend United Bank for Africa (UBA), has endorsed the payment of N22.23 billion final dividends declared by the board for the financial year ended Dec. 31, 2017. The shareholders gave the approval at the bank’s 56th Annual General Meeting held in Lagos....