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Wednesday, April 2, 2025

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UBA Posts N766.57 Billion Profit, Declares N3 Dividend

United Bank for Africa Plc (UBA) has posted a heft profit after tax (PAT) of N766.57 billion for the year ended December 31, 2024. UBA which is the first bank to release its audited earnings for the 2024 reporting year also declared a mouth-watering final dividend of N3 per share. Expectedly, investors positioned themselves to partake in the dividend by...

UBA Posts N766.57 Billion Profit, Declares N3 Dividend

United Bank for Africa Plc (UBA) has posted a heft profit after tax (PAT) of N766.57 billion for the year ended December 31, 2024....

Dividend Declaration by Companies to Determine the Direction of the Market this Week

The Nigerian stock market extended its bearish run for the fourth consecutive week last week, as losses in BUACEMENT (-10.0%), TRANSCORP (-7.8%) and GTCO...

Nigerian Stock Market Ends First Trading Week of the New Year Positive

The Nigerian stock market closed the first trading week of the year on a positive note. This is driven by gains in Bua Foods...

UBA Posts N766.57 Billion Profit, Declares N3 Dividend

United Bank for Africa Plc (UBA) has posted a heft profit after tax (PAT) of N766.57 billion for the year ended December 31, 2024. UBA which is the first bank to release its audited earnings for the 2024 reporting year also declared a mouth-watering final dividend of N3 per share. Expectedly, investors positioned themselves to partake in the dividend by...

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Economy

Sustainability

Tony Elumelu Foundation Grants $15m to 3,000 African Entrepreneurs

The Tony Elumelu Foundation (TEF) has announced a $15 million grant to support 3,000 budding entrepreneurs from 52 African countries. TEF founder, Mr Tony Elumelu, made this known on Sunday in Abuja during the unveiling of the 2025 cohort of the foundation’s Entrepreneurship Programme. He stated that each beneficiary would receive a $5,000 seed grant to kick-start their businesses. Elumelu, who is...

NCDMB, APPO to Establish Centres of Excellence in African Local Content Development

The Nigerian Content Development and Monitoring Board (NCDMB) and the African Petroleum Producers’ Organisation (APPO) have recommitted their partnership towards establishing African centres of...

Financing Africa’s Energy Future: The Role of International Investors and Development Finance Institutions

While the African continent boasts significant oil, gas and renewable energy resources, unlocking these opportunities requires substantial investment in infrastructure and long-term financing solutions....

Angola Oil & Gas Celebrates 50 Years of Angola’s Independence, Leadership in the Oil Sector in Africa

The sixth edition of the Angola Oil & Gas (AOG) Conference & Exhibition was officially launched today, marking the beginning of a historic celebration....

Politics

Anambra State to Conduct Local Government Election in September

By Titus Chigozie After a hiatus of 10 years, Anambra State Independent Electoral Commission (ANSIEC) has said that it is set to conduct local government election in the state. A notice signed by the State Chief Electoral Officer, Genevieve Osakwe, revealed that the election will be held on September 28, 2024. The notice reads as follows; "Anambra State Independent Electoral Commission wishes...

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Perspective

Trump’s Aid Review is a Win for Africa – Nations Must Reject Aid and Handouts that Undermine African Oil & Gas

Ramping up gas production to help alleviate the lack of access to electricity will create thousands of new employment opportunities in Africa   By NJ Ayuk NJ Ayuk is Executive Chairman, African Energy Chamber  After President Trump announced a 90-day overseas spending freeze, Secretary of State Marco Rubio said "every dollar" must be "justified" by evidence that it makes the US safer, stronger...

Trump’s Aid Review is a Win for Africa – Nations Must Reject Aid and Handouts that Undermine African Oil & Gas

Ramping up gas production to help alleviate the lack of access to electricity will create thousands of new employment opportunities in Africa   By NJ Ayuk NJ...

Keeping Anambra Safe: Soludo’s New Multi-faceted Offensive Approach

By Christian ABURIME  Security is a serious matter, and every responsible leader takes it seriously. Thus, Governor Chukwuma Charles Soludo’s newly unveiled comprehensive security strategy...

Reaching the most vulnerable in Nigeria: Our Humanitarian Roadmap 2025

By Mohamed Malick Fall On 23 January 2025, we will launch the 2025 Nigeria Humanitarian Needs and Response Plan (HNRP). The plan targets 3.6 million...

Lifestyle

Happy 60th birthday to Tonia and Tony

By Alexander Ekemenah Hardly would anyone realise that they are twins. One would rather think they are couples, i.e. husband and wife. This is so because contrary to the common phenomenon that we are used to, they are not identical twins. Rather, they are a sharp contrast to each other. The first is a woman while the second is a man. Meet...

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Professor Barth Nnaji to Deliver The Bullion Lecture

Globally acclaimed energy expert, Professor Barth Nnaji, is to deliver the 2025 edition of The Bullion Lecture. The theme of the lecture is“Architecting the Energy Sector for Nigeria’s $1-Trillion Economy Vision”. The lecture is scheduled for 10am...

Professor Barth Nnaji to Deliver The Bullion Lecture

Globally acclaimed energy expert, Professor Barth Nnaji, is to deliver the 2025 edition of The Bullion Lecture. The theme of the lecture is“Architecting the...

Central Bank of Nigeria Reports Strongest Net Reserve Position in Over Three Years

The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as at the end of...

Africa Energy Bank Gains Momentum with Capital Contributions from Nigeria, Angola, Ghana

In a significant development for Africa's energy sector, Nigeria, Angola and Ghana have fulfilled their capital commitments toward establishing the Africa Energy Bank (AEB)....

Governor Soludo wishes Muslims Happy Eid el-Fitr, Urges Unity and Renewed Hope for Nigeria

The Governor of Anambra State, Professor Chukwuma Charles Soludo, has conveyed warm congratulations to the Muslim faithful in Anambra State and across Nigeria on...

Nigeria has one of the highest Multidimensional Poverty rates in the world – Adesina Badru

Adesina Badru, a don at the University of Lagos, Akoka, Yaba, Lagos, has declared that Nigeria has one of the highest multidimensional poverty rates...

Afreximbank, APPO Float Africa Energy Bank

Ahead of its H1 2025 launch, the Africa Energy Bank – developed jointly by Afreximbank and the African Petroleum Producers Organization (APPO) – is positioning itself...

Happy 60th birthday to Tonia and Tony

By Alexander Ekemenah Hardly would anyone realise that they are twins. One would rather think they are couples, i.e. husband and wife. This is so...

UBA Posts N766.57 Billion Profit, Declares N3 Dividend

United Bank for Africa Plc (UBA) has posted a heft profit after tax (PAT) of N766.57 billion for the year ended December 31, 2024....

Central Bank of Nigeria Reports Strongest Net Reserve Position in Over Three Years

The Central Bank of Nigeria (CBN) has reported a substantial improvement in its Net Foreign Exchange Reserve (NFER) position as at the end of 2024, reflecting a substantial improvement in the country’s external liquidity, reduced short-term obligations, and renewed...