Announces 6 other executive appointments The Board of Directors of the United Bank for Africa Plc (UBA) has announced the appointment of Mrs. Abiola Bawuah as the Chief Executive Officer (CEO) of UBA …
Lagos new rail transport system to trigger shift in land use pattern, hike in property prices
• Researchers urge urban reform in state’s transport, energy systems • ‘Project is another delayed promise by politicians’ The new Lagos rail transportation system, especially the 13-kilometre rail li…
Ukraine/Russia war: AfDB okays $1.5b emergency food production facility for Africa, says Adesina
Targets 34 countries, 20 million farmers The African Development Bank (AfDB) said it has put in place a $1.5b emergency food production facility to support food sufficiency in Africa. The President, D…
Throat disease kills 25 in Kano
Kano State Commissioner for Health, Dr Aminu Tsanyawa, yesterday, confirmed the outbreak of the deadly Diphtheria disease, which is reported to have killed no fewer than 25 persons in the state. Sympt…
Dangote Cement appoints new CEO
The new CEO’s tenure begins in March, the disclosure said. Dangote Cement Plc has named Arvind Pathak as the company’s new chief executive/managing director, the company said in a note posted on the N…
Stock market closes positive with market capitalization up N6 billion
The Nigerian Exchange (NGX) closed positive amidst buy-interests and sell-offs as bulls dominated proceedings, driving up the broad market. The All-share Index (ASI) appreciated by 0.02% to close at …
ATMs now dispensing new notes in Lagos
The Central Bank of Nigeria (CBN)’s plan of ensuring that Nigerians have access to its newly-redesigned naira notes via the ATMs is becoming a reality as many ATMs around Lagos Island now dispense the…
Buhari to commission Lagos Blue rail line Tuesday
Governor Sanwo-Olu says when completed, “the rail project would move no less than 250,000 passengers daily, while the entire line when completed would move more than 500,000 passengers.” Preside…
Africa’s GDP growth to hit 4% in 2023 – AfDB
Africa has demonstrated continued resilience with all but one country maintaining positive growth in 2022. Africa’s GDP growth is expected to rise to 4% in 2023, which is higher than the projected wor…
FIRSTBANK CONVENES NIGERIA ECONOMIC OUTLOOK WEBINAR FOR 2023
First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has announced the 2023 edition of its Nigeria Economic Outlook event. The virtual event themed “Nige…