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Business and Economy

UBA, MasterCard announce Pan African partnership …Five year deal across 19 markets focused on driving financial inclusion in Africa

United Bank Africa (UBA) and MasterCard have announced a partnership which will see UBA act as the issuer for MasterCard in 18 new markets in Africa. The partnership which came into effect in the second quarter of 2016 will see UBA issue MasterCard credit, debit and prepaid cards across these …

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President Buhari decries blackmail of senior government officials

President Muhammadu Buhari has appealed to discerning Nigerians to ignore orchestrated attempts to sully the integrity of ministers and other senior government officials, who are being tarred with the brush of corruption without any concrete evidence. Reacting to reports, particularly by online media, that the immediate past Group Managing Director …

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Fitch Affirms UBA’s Viability Rating as Agusto Upgrades Rating to “Aa” -as UBA stock now best performing on the exchange

Fitch International, one of the foremost global rating agencies has affirmed United Bank for Africa (UBA) Plc’s viability rating at “B”, as the pan-African banking group continue to sustain its benchmark asset quality and strong profitability amidst industry and macroeconomic challenges. UBA is one of the few banks with strong …

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Kia Motors posts 11.4% rise in June global sales and achieves best-ever first half sales

• Global sales reach 268,886 units in June for 11.4% year-on-year growth • Kia achieves best-ever first half global sales of 1,470,822 units • Kia records monthly year-on-year sales growth in China (17.4%), Korea (16.7%), North America (15.4%) and Western Europe (13.9%) and general markets* (0.4%) in June • Kia’s …

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GTBank gets double honours at Euromoney Awards…… Wins Best Bank in Nigeria & Best Digital Bank in Africa

Foremost African financial institution; Guaranty Trust Bank plc reaffirmed its position as a leading global brand with its recent recognition as the ‘Best Bank in Nigeria & Best Digital Bank in Africa’ during the 2016 Euromoney Awards which held in London on Wednesday, July 06, 2016 at the prestigious Tower …

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Repositioning the Nigeria Insurance Industry for growth; Government to enable development

The Minister of Finance, Mrs. Kemi Adeosun on Monday expressed the determination of the current administration to lead in the reforms of a more vibrant Nigeria insurance market. The Minister in her opening remarks at the National Insurance Conference in Abuja, explained that a developed and active insurance market would …

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Berger Paints focuses on profitability, value creation as shareholders share N217.4m dividend

Dr Oladimeji Alo, Chairman Berger Paints Plc has assured that the company would sustain its profitability and returns to shareholders even in the face of the challenging economic environment. He said that the company in 2015, made significant progress despite the challenging operating environment characterized by decline in the world …

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Hong Kong Oil Investment Company set to establish Nigeria’s second largest refinery

FOLLOWING Nigeria’s quest and intense desire for Direct Foreign Investment especially in oil and gas infrastructure development, Blooming Faith Petroleum Ltd, a subsidiary of Blooming Faith Global Holdings Ltd has concluded plans to partner with the Nigerian government to build and operate a 200, 000 barrels per day capacity, BPD, …

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Enormous business opportunities available in nation’s fledgling electricity market – Fashola—Govt is poised to tackle energy accessibility

The Minister of Power, Works and Housing, Babatunde Raji Fashola, SAN has said that the sector which is still in transition, has good opportunities for sound business judgement at various segments in electricity value chain, adding that the present administration is also determined to tackle local content initiative being canvassed …

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