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Tag Archives: Business

United Capital Plc, Societe Generale, Orange, Others Support African SMEs with €77m Fund


United Capital Plc, a leading African investment banking group, has partnered with global financial and corporate institutions to set up a Franco-African Investment Fund (FFA), with investible funds of 77 million euro. The aimof the fund is to accelerate the growth of innovative and entrepreneurial African and French small and medium scale enterprises (SMEs) with development projects on both continents. ...

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UBA Sends Strong Delegation To World Economic Forum In Davos

Official Picture of GMD -CEO of UBA Plc -Kennedy Uzoka

The United Bank for Africa (UBA) will be strongly represented at the annual meeting of the World Economic Forum (WEF), which begins in Davos, Switzerland today. UBA CEO Kennedy Uzoka leads a senior executive team, at one of the most important events on the global economic calendar. The UBA delegation will interact with global business and political leaders during the event. The delegation will also include Group Head of Correspondent Banking Sola Yomi-Ajayi and Head of Embassies and Development ...

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Expert Advises FG ON TSA Management


A Financial expert, Dr Samuel Nzekwe, has advised the Federal Government to intensify efforts in addressing the bottlenecks in the running of Treasury Single Account (TSA) in the country. Nzekwe, former President, Association of National Accountants of Nigeria (ANAN), gave the advice in an interview with the News Agency of Nigeria (NAN) on Monday in Ota, Ogun. He said that ...

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Dangote Made Forbes’ World’s Most Powerful Persons’ List

Aliko Dangote

Africa’s richest man and President of Dangote Group, Aliko Dangote, has been named along other world leaders such as Russian President Vladimir Putin, American President-elect, Donald Trump and German Chancellor, Angela Merkel as the most powerful persons in the world. These personalities were ranked along with 70 others as the most powerful people with Dangote ranked as the second most ...

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Oyo State Awards Heritage Bank for Commitment to Women Empowerment

Mrs. Florence Ajimobi, Wife of the Oyo State Governor; representative of the MD/CEO of Heritage Bank Plc, Niyi Adeseun, Executive Director, Service Bank receiving an award from the 1st Lady of Zamfara, Hajiya Asma’u Abdul’aziz Yari Abubakar at the 5th Oyo State Officials` Wives Association (OYSOWA) National Women`s Summit 2016 held in Oyo State.

Pastor Omowumi Popoola, 1st Female SAN, Chief Folake Solanke; 1st Female Speaker of Oyo State House of Assembly, Senator Monsurat Sunmonu; 1stLady of Zamfara, Hajiya Asma’u Abdul’aziz Yari Abubakar; representative of the MD/CEO of Heritage Bank Plc, Niyi Adeseun, Executive Director, Service Bank; Mrs. Abimbola Fashola, Wife of Minister of Power, Works and Housing, Chief Onikepo Akande, President of LCCI and Miss ...

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AfDB and United Bank for Africa Plc sign US$ 150 million Line of Credit


The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a US$ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria. “The Fund will support development of productive sectors of the economy; particularly the power sector, Infrastructure, Women owned enterprises as well as SMEs. This ...

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Two Lebanese Arraigned Over N1.7M Dud Cheque


The Economic and Financial Crimes Commission EFCC, on Wednesday 23, November 2016, arraigned two Lebanese, Imad Harb and Toni Harb, along with their company: Transparent Construction Nig. Ltd. before Justice E. N. Oluedo of the State High Court Enugu, for allegedly conspiring and obtaining the sum of N1, 760,000.00 (One Million Seven Hundred And Sixty Thousand Naira only) from one ...

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Former Minister Rasheed Gbadamosi Is Dead

Late Rasheed Gbadamosi

A former Minister of National Planning, Rasheed Gbadamosi, is dead. Mr. Gbadamosi, 73, died on Wednesday evening in his Ikorodu, Lagos residence, according to news monitored on the Nigeria Television Authority. The cause of his death was not disclosed. Mr. Gbadamosi, a businessman, had in April suffered stroke and was flown abroad for medical attention. The deceased, a playwright and ...

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World Bank: Business now harder in Nigeria than in 2015

The ‘Doing Business Report’ an arm of the World Bank Group has revealed that it is now harder to do business in Nigeria now that it was in 2015. According to the report, Nigeria has went up the ease of doing business ranking, despite being the largest economy in Africa, has it rate of doing business just got harder. In ...

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