Newsexpress place banner advert Yudala genuine products
Latest News Nigerian pastor killed in US Fidelity Bank empowers 400 students with entrepreneurial skills 3 sisters drown in Bauchi stream Court sacks APGA National Chairman SERAP gives Fashola 7 days to order DISCOs to provide pre-paid meters to Nigerians •Threatens legal action Abia guber: Supreme Court rejects fresh case, tells Nwosu to settle with Ikpeazu NUT suspends strike as Bayelsa doles out N300m Lagos terminates N844b Fourth Mainland Bridge contract Rivers APC commends Jonathan ‘for admitting that Rivers people never voted for Wike and that Amaechi made Wike’ Group blasts Agbomhere for declaring war on Oshiomhole, Shaibu, Edo SSG BREAKING NEWS: Terrorists kill 19, injure many others at Manchester music concert 6-year-old dominates Facebook with calls for end to violence

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (245,819 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (222,426 views) Shameless Genevieve Nnaji exposes breasts in public (184,319 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (165,172 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (158,006 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (138,088 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (120,562 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (118,039 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (106,019 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (102,450 views) Lagos plane crash: Journalist releases victims’ names (101,144 views) APC cries foul as PDP’s Fayose takes early lead in Ekiti governorship election (95,408 views)

 

S&P rates UBA ‘B/B’ and stable

S&P rates UBA ‘B/B’ and stable  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 are at par with S&P ratings on the Nigerian Sovereign. More so, S&P’s ‘B’ rating...... more

British Airways slashes Abuja - London fare

British Airways slashes Abuja - London fare Customers flying British Airways (BA) through its Abuja-London route would pay a slashed fare of $277 between May 15, 2017 and June 30, 2017 for one way trip. Mr. Kola Olayinka, British Airways Regional Commercial Manager, West Africa, said this in statement on Sunday in Lagos. The statement was made available...... more

MAN wants CBN to reduce lending rate •MPC Meeting to review developments in global, domestic markets

MAN wants CBN to reduce lending rate •MPC Meeting to review developments in global, domestic markets The Manufacturers Association of Nigeria (MAN) has called on the Central Bank of Nigeria (CBN) to drop the lending rate from 14 per cent to accelerate productivity and economic growth. The President of MAN, Mr Frank Jacobs, made the appeal in an interview with the News Agency of Nigeria (NAN) on...... more

Oil cracks $50 a barrel for the first time in three weeks

Oil cracks $50 a barrel for the first time in three weeks U.S. crude surged above $50 a barrel for the first time in more than three weeks, as a report surfaced that OPEC members are considering cutting production more deeply to tackle a persistent supply glut that has weighed on prices. U.S. West Texas Intermediate crude (New York Mercantile Exchange: @CL.1) futures...... more

Obasanjo seeks strong challenge for South Africa’s ruling party, government

Obasanjo seeks strong challenge for South Africa’s ruling party, government The ruling African national Congress (ANC) in South Africa will have to be given a “fight for its money” before it fixes itself, says former Nigerian president Olusegun Obasanjo. His comments come as the ANC faces criticism from opposition parties, religious bodies and its alliance partners over President Jacob Zuma’s leadership....... more

NNPC packages $6bn worth of oil-for-product swap deals

NNPC packages $6bn worth of oil-for-product swap deals Nigeria’s state oil company is in the final stage of signing $6 billion worth of deals to exchange more than 300,000 barrels per day (bpd) of crude oil for imported gasoline and diesel, sources with direct knowledge of the process told Reuters. The contracts, which come three months later than expected,...... more

CBN releases list of items valid for forex

CBN releases list of items valid for forex The Central Bank of Nigeria (CBN) yesterday released a list of items that can source foreign exchange (forex) from the market. The list, sent to all authorised dealers, Nigeria Customs and the public, has 36 categories. It is endorsed by Director, Trade and Exchange, W. D. Gotring. He said the list...... more

CBN floods forex market with $457.3m

CBN floods forex market with $457.3m After a lull witnessed in the foreign exchange market last week, the Central Bank of Nigeria (CBN) on Monday injected the sum of $457.3 million into various segments of the market. A breakdown of the offers indicates that both the spot and forwards segments garnered a total of $267.3 million while...... more

Africa investors eye niche markets as biggest economies slip

Africa investors eye niche markets as biggest economies slip Investors targeting Africa are broadening their horizons in their search for yield as sluggish growth and policy uncertainty in Nigeria and South Africa, the continent’s biggest economies, weigh on returns. Ivory Coast, Senegal, Ghana, Rwanda and Ethiopia are among countries featuring on the radar screens of investors attending the World Economic...... more

Oando seeks approval to refurbish refineries

Oando seeks approval to refurbish refineries Mr. Wale Tinubu, the Managing Director, Oando Plc, on Thursday said that the company would seek approval from the Federal Government for the refurbishment of one or two refineries. The company’s facts behind the figures at the Nigerian Stock Exchange (NSE) in Lagos, show that refurbishment of the refineries would enable...... more

FG raises N110b bonds

FG raises N110b bonds At an auction on Wednesday, the federal government raised N110 billion worth of bonds to mature in 2021, 2027 and 2037. The bond obtained from its website of the Debt Management Office (DMO) shows that fewer bonds were sold at the auction than the N140 billion anticipated. It also said DMO...... more

Emirate Airlines announces $670m profit

Emirate Airlines announces $670m profit Emirate Airlines said it recorded profit of 670 million dollars in its 2016/2017 financial year, which ended on March 31, 2017. The airline, which made this known in a statement by its spokesman, Ijeoma Okolie, on Thursday in Abuja, said that the performance reflected steady business growth in 29 consecutive years....... more

Calabar firm seeks partnership with Aba shoe makers

Calabar firm seeks partnership with Aba shoe makers Golden Giants Industries Limited, a Calabar-based textile firm, on Tuesday solicited collaboration with shoe, leather and fabric makers in Aba, to enhance the quality of their products. Mr David Ajayi, the Deputy General Manager of the company, made the call in an interview with the News Agency of Nigeria (NAN) at...... more

FG reassures on reforms to sustain economy

FG reassures on reforms to sustain economy The Federal Government on Tuesday, promised to implement daring reforms that would revive and sustain economic growth and development in the country. The Minister of Finance, Mrs Kemi Adeosun, made the promise in Abuja at the launch of the International Monetary Fund’s Regional Economic Outlook report on Sub-Saharan Africa. According to...... more

MTN to invest fresh R540m in Iran despite risk of not being able to repatriate funds

MTN to invest fresh R540m in Iran despite risk of not being able to repatriate funds MTN has reached a nonbinding preliminary agreement to invest R540m in Iranian Net to widen the telecommunication group’s reach in that country even as it faces the risk of not being able to repatriate funds from it. The investment in the fixed-broadband provider, with further investments of about R3.4bn in equity...... more

Tomachy, Nigeria’s largest online guide to restaurants, bars and night life, debuts

Tomachy, Nigeria’s largest online guide to restaurants, bars and night life, debuts Nigeria has joined the league of countries where online search for best places to wine and dine have been made easy with the launch of Tomachy, a restaurant search and discovery web platform. Tomachy incorporates mobile app, currently listing information for over 20,000 restaurants, bars, and night clubs across 36 states...... more

Shoprite forced to repurchase shares from former CEO

Shoprite forced to repurchase shares from former CEO In an unprecedented move, Shoprite/Checkers is being forced to repurchase R1.8bn worth of shares from former CEO Whitey Basson. The move, which will add about R144m to Shoprite’s annual interest bill, has been slammed as a misalignment of interests between a company and one of its former top executives. On Friday,...... more

12 Japanese firms storm Nigeria in search of investment opportunities

12 Japanese firms storm Nigeria in search of investment opportunities Japanese companies have indicated strong interest in Nigeria, with 12 of them presently in the country to sniff for possible investment opportunities. The 12 private companies include trading houses, manufacturers, banks, insurance and relevant companies from all development sectors in Japan. They are part of a 32-man Joint Trade and Investment...... more

Aiteo dismisses allegation of complicity in $1.2bn crude swap deal

Aiteo dismisses allegation of complicity in $1.2bn crude swap deal Integrated energy group Aiteo has denied claims it is the subject of an inquiry by the House of Representatives over an alleged payment of $1.2billion into the Central Bank of Nigeria’s (CBN) Petroleum Profit Tax (PPT) account and involvement in questionable crude oil transactions from 2011 through 2014. In a release...... more

Ban on 41 items still in force: CBN

Ban on 41 items still in force: CBN The Central Bank of Nigeria (CBN) has explained that the ban it placed on 41 items that are not eligible for foreign exchange is still in place as the policy has not been reversed. A statement issued on Thursday in Abuja by CBN Ag. Director, Corporate Communications, Isaac Okorafor indicated that media reports...... more

FEC approves $250m soft loan to 14 million Nigerians

FEC approves $250m soft loan to 14 million Nigerians The Federal Executive Council has approved a US$150 million soft loan from African Development Bank (AfDB) and US$100 million from African Development Finance (ADF) for Rural Water Supply and Sanitation Initiative (RWSSI) as well as a Grant of five million Euro to finance Inclusive Basic Service Delivery and Livelihood Empowerment Integrated...... more

Anchor Borrowers’ Programme: Farmers repaying loans, says CBN

Anchor Borrowers’ Programme: Farmers repaying loans, says CBN Contrary to insinuations about the unwillingness of farmers to pay up their loans, the Central Bank of Nigeria (CBN) says farmers who accessed under its Anchor Borrowers’ Programme (ABP) have indeed commenced repaying their loans. Details of the loan disbursement and repayment obtained from the apex bank indicate that as at...... more

NNPC shops for $16.5 billion investments

NNPC shops for $16.5 billion investments The Nigerian National Petroleum Corporation (NNPC), has disclosed that it would be shopping for about 16.5 billion dollars to execute several oil and gas projects lined up for execution. The Group Managing Director of the NNPC, Dr Maikanti Baru, said this at a function organised by the Petroleum Technology Association of...... more

MTN suffers decline in subscriber numbers

MTN suffers decline in subscriber numbers MTN suffered a 1.5% decline in its total subscriber numbers to 237-million in the first quarter of 2017 from 240-million in the fourth quarter of 2016. “While our reported subscriber numbers are lower than we had expected, this is largely the result of an ongoing review of subscriber definitions. We are...... more

Apple iPhone sales drop

Apple iPhone sales drop Apple Inc reported a surprise fall in iPhone sales for its second quarter on Tuesday. The blue chip company with a hoard of $250 billion plus in cash and investments, sold 50.76 million phones, less than the 51.19 million phones sold at the comparative period last year. Apple responding to pressure...... more

Nigeria oil, gas provide investments in excess of $50bn — Kachikwu

Nigeria oil, gas provide investments in excess of $50bn — Kachikwu Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said economic growth plan recently launched by Federal Government would provide strategic and economic partnerships in excess of 50 billion dollars. Kachikwu said this on Tuesday while wooing investors at an event organised in Houston, U.S., by the Nigerian Content Development and...... more

Nigeria LNG exports landmark 4,000th cargo

Nigeria LNG exports landmark 4,000th cargo Nigeria LNG Limited (NLNG) today, Momday, May 1, 2017, reached another major milestone with the exportation of its 4,000th cargo of Liquefied Natural Gas (LNG) from its Bonny Island Terminal in Rivers State to Mamara LNG Terminal in Turkey, which also received the Company’s historic 3,000th cargo, three years ago. The...... more

UBA Group starts strong in 2017, grows profits by 41 per cent in first quarter

UBA Group starts strong in 2017, grows profits by 41 per cent in first quarter   The United Bank for Africa (UBA) on Thursday released its unaudited first quarter results, showing significant growth across major income lines. Building on a sterling performance in 2016 financial year, the Pan-African financial institution delivered another impressive 41% percent year-on-year growth in profit-before-tax in the first three months of 2017....... more

Fidelity Bank records double digits growth in earnings and profits

Fidelity Bank records double digits growth in earnings and profits Fidelity Bank Plc has recorded a solid financial performance in the first quarter of 2017, posting appreciable growth in profits and gross earnings for the period ended March 31, 2017. This is in spite of the challenging and fiercely competitive business environment. Details of the unaudited results, released at the Nigerian...... more

CBN auctions $185.86 million

CBN auctions $185.86 million Following Tuesday’s assurances by the Governor of the Central Bank of Nigeria, Godwin Emefiele, that the CBN will continue to intervene in the foreign exchange market, the apex Bank on Wednesday auctioned the sum of $185.86 million at the retail Secondary Market Intervention Sales (SMIS). The bank’s Acting Director in charge...... more

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (27) Business (2,556) Business Verdict (16) Columnists (681) Complaints & Requests (89) Enterprise & Opportunities (151) Entertainment (320) Features (443) Global Business Monitor (151) International (1,374) Interviews (121) Live Commentary (28) Love Matters (54) News (24,609) Opinion (716) Pidgin (8) Politics (3,697) Religion (532) Sports (1,263) Stock Watch (18) AMA & Al Jazeera Global Update

 

Words on marble

 

UBA Wise Savers Promo

 

There is no water shortage in the State of Osun

 

APO Newsbreak logo

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!