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Friday, May 16, 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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IOD Nigeria Lauds NDIC’s Commitment to Advancing Corporate Governance, Ethical Leadership

The Chartered Institute of Directors (IOD) Nigeria has lauded the Nigeria Deposit Insurance Corporation’s (NDIC) excellence in operational standards, consistent implementation of its mandate, and unwavering commitment to ethical leadership and sound corporate governance especially in banking...

IOD Nigeria Lauds NDIC’s Commitment to Advancing Corporate Governance, Ethical Leadership

The Chartered Institute of Directors (IOD) Nigeria has lauded the Nigeria Deposit Insurance Corporation’s (NDIC) excellence in operational standards, consistent implementation of its mandate,...

The Nigeria Prize for Science Receives 112 Entries

A total of 112 entries have been handed over to the Advisory Board of The Nigeria Prize for Science for onward transmission to the...

Olubolade: Ekiti has lost a great son — Gov. Oyebanji

The Ekiti State Governor, Biodun Oyebanji, has expressed condolences on the death of a former Military Administrator of Bayelsa State, Navy Captain Caleb Olubolade...

New VAT Sharing Formula: States to Get More Money

The Senate has ceded more revenue to states as it passed two of the four much-anticipated Tax Reform Bills which are expected to overhaul...

Christ The King College Onitsha – Class of 1981 Old Boys Re-Unite in Lagos

By Alexander Ekemenah They are warriors! They are gladiators! They are Knights! They are the indomitable! They are conquerors! They are successful modern businessmen! They...

NDIC Commences Payment of N46.6 Billion as First Tranche of Liquidation Dividend to Depositors of Heritage Bank

The Nigeria Deposit Insurance Corporation (NDIC) has commenced payment of N46.6 billion as first tranche of liquidation dividends to depositors of Heritage Bank Limited...

Artificial Intelligence Powers Innovation, Efficiency and Growth in African Mining

African mining projects are increasingly incorporating artificial intelligence (AI) to streamline operations and meet ambitious production targets set by governments across the continent. As...

Happy Birthday to Dele Kelvin Oye

By Alexander Ekemenah Dele Kelvin Oye has two dissimilar personality traits in his public posturing. The first is that of a gentleman, indeed a gentle and...

IOD Nigeria Lauds NDIC’s Commitment to Advancing Corporate Governance, Ethical Leadership

The Chartered Institute of Directors (IOD) Nigeria has lauded the Nigeria Deposit Insurance Corporation’s (NDIC) excellence in operational standards, consistent implementation of its mandate, and unwavering commitment to ethical leadership and sound corporate governance especially in banking supervision and...