United Bank for Africa Plc, announced its Audited 2016 Half Year Financial Results for the period ended 30 June 2016 showing the bank recorded gross earnings of N166 billion, net operating income of N109 billion and profit before tax of N40 billion. The bank also recorded a significant growth in total assets, rising 20% to…
The Protea Hotel close to Kuramo Waters in Lagos Island has been sealed by the Lagos State Internal Revenue Service, LIRS. The hotel was closed on Wednesday by officials of the LIRS after everybody in the place was evacuated. It was learnt that the premises of Protea Hotel was sealed over alleged failure to remit…
The internet has revolutionized the way people shop around the world and online shopping is now a huge movement. Nigeria is not lagging behind in the trend either, as people in the country – visitors and locals- tend to prefer online shopping over conventional shopping these days. Of course, there are many reasons for Nigerians…
Some years ago, they mesmerised music lovers in Nigeria with their ‘Lori Le’ smash hit single. In fact, they were the preferred artistes to perform at shows and public events. At that time, an event without the song by X-Project, a music group, was regarded as dull. But like a flower that flourishes in the…
Nigerian rapper, Illbliss, has announced that he is saying his final goodbye to the profession that has given him fame in Nigeria. The rapper, however, did not say why he was quitting music. But the music star said he was focusing on other areas. Illbliss, whose real name is Tobechukwu Melvin Ejiofor, owns a talent…
Tony O. Elumelu, Chairman of Heirs Holdings and UBA Plc. has advocated entrepreneurship as a veritable solution to achieving poverty reduction in the country. Elumelu who is also the Founder of The Tony Elumelu Foundation delivered a paper themed: “Entrepreneurship, Corporate Social Responsibility and Africapitalism: The Role of The Private Sector In Fighting Poverty in…
On Tuesday, the Central Bank of Nigeria, CBN, suspended nine banks in Nigeria from trading in the foreign exchange market. But the ban placed on one of the affected banks, the United Bank for Africa, UBA Plc, has now been lifted. UBA disclosed in an email on Wednesday night that it has now be readmitted…
Budding entrepreneurs who attended the first edition of the Nigerian Small Business Summit on the 24th August at the Landmark event centre were warned to stay away from bank loans at the start of their businesses. Kushal Dutta, Managing Director of Africa’s number one hotel booking portal Jumia Travel Nigeria, gave the warning during a…
Sensational singer, Humblesmith, has said in a new video interview that he was able to record his first song after selling his mother’s gold jewellery. The ‘Osinachi’ crooner, who is signed to N-Tyze Entertainment, made this revelation to ‘The Grill’ in the interview. Humblesmith, who recently got branded as an ambassador for noodle company, ‘Tummy…
Preamble It is as if Theodore Roosevelt and Ronald Reagan, two former great presidents of the USA, had the appointment of Ibim Semenitari into higher offices by Rt. Hon Chibuike Rotimi Amaechi and President Muhammadu Buhari in mind when they stated, respectively, that: “The best executive is the one who has sense enough to pick…