Pan Africa financial services group, United Bank for Africa Plc has announced its unaudited results for the first quarter of 2016 showing gross earnings of N74 billion and profit before tax of N18 billion for the three months ended March 2016. The Group sustained its strong profitability, recording an annualized 20% return on average equity…
Two persons who claimed to be cocoa dealers were on Wednesday arraigned by the Department of State Security, DSS, before an Isolo Magistrate Court for allegedly cloning the mobile line of Lagos State Governor, Akinwunmi Ambode, in order to perpetuate a N50 million fraud. The suspects, Rilwanu Jamiu and Balogun Stanley Oyewole, were said to…
News reaching us now confirms that the Nigerian Senate have finally bowed to pressure and has suspended debate on the amendment of the Code of Conduct Bureau, CCB, and the Code of Conduct Tribunal, CCT. The lawmakers took the decision on Wednesday after a closed door session, which lasted about two hours. Deputy Senate President,…
According to Ladun Liadi, the former Chairman of Mushin local government area of Lagos, Tunde Adepitan, is dead. The blogger reported that Adepitan passed away on Wednesday morning. It was disclosed that the deceased died of an undisclosed ailment, which he has been battling with for a long time. Adepitan reportedly had one time travelled…
The Management of Nigerian Stock Exchange, NSE, recently made a courtesy call to one of the leading financial institutions in Nigeria, Unity Bank. During the visit, the management of NSE met with management of Unity Bank at its new head office in Lagos. MD/CEO of Unity Bank, Mrs Tomi Somefun, was on ground to receive…
With a population of over 180 million and growing, Nigeria with an average power generation of 4,500MW, requires 12,000MW to ensure steady power supply, but ultimately needs 200,000MW for all her electricity requirements. To meet this power need, the present administration has vowed to look towards other sources of producing electricity away from the hydro…
Fossil fuels as the name suggests are derivatives of plant and animal fossils that are millions of years old. These are primarily formed from the remains of the decayed plants and animals of the carboniferous era. The three fuel sources i.e. coal, natural gas and oil/petroleum help to meet the energy and electricity demands of…
Overview Fossil fuels are among the most commonly used forms of energy in the world. Common fossil fuels include natural gas, coal and petroleum, which is refined to create gasoline. Although fossil fuels are strong sources of energy, their use can pose certain health problems if handled incorrectly. The various Fossil Fuel types all have…
Members of the House of Representatives Committee on the Army are in Rivers State to see places damaged by the military earlier in 2016. The committee, led by Rimande Shawulu Kwewum, was taken round properties destroyed by soldiers, who unleashed terror on inhabitants of Ogoni communities. Part of the places visited on Tuesday, April 19,…
Captain of the Nigeria professional football league side, Kano Pillars, Gambo Mohammed, has now been discharged from hospital. Aproko247 gathered that Mohammed was discharged by doctors at Braithwaite Memorial Specialist Hospital in Port Harcourt, Rivers State on Tuesday. The skipper suffered a head injury in Sunday’s week 12 league game against Rivers United in Port…