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Olamide, Timaya, Juliet Ibrahim, Dumas now Glo brand ambassadors

Four entertainment stars have been named as brand ambassadors of next generation network, Globacom. The new ambassadors are celebrated rapper, Olamide Adedeji, dancehall musician, Inetimi Alfred Odon, popularly known as Timaya, and two Ghanaian actresses, Juliet Ibrahim and Joselyn Dumas. The data grandmasters disclosed in a press statement in Lagos that the four were made its ambassadors because of their inspirational role in growing the entertainment industry in Nigeria and… Continue Reading

GLO PLANS TO DEAL WITH COMPETITORS…TO REDUCE DATA PRICE BY HALF

The purported plans of the telecoms giant Glo to ridiculously reduce the data plans across the board and put smiles on the faces of Nigerians this Yuletide is facing a lot of blockages from the regulator- the Nigeria ‘s Communications Commission and its competitors in the telecommunications industry.Glo which has rightly positioned itself as the undisputed number one telecoms company that gives the best in terms of data pricing and… Continue Reading

25 Days of Awesomeness: Cash Prizes, Beats by Dre, DSTV explorers up for grabs in Cashless December:

Pan-African financial services group, United Bank for Africa Plc, UBA, has announced the commencement of its annual end of year campaign, Cashless December. This year’s edition has been themed “25 Days of Awesomeness” and it seeks to reward cashless living. Customers who use UBA internet banking or cards stand a chance to win amazing prizes such as cash, Beats by Dre headphones, DSTV explorer with subscription, loads of airtime and… Continue Reading

ELUMELU SHARES AFRICAPITALISM PHILOSOPHY IN NORTH AFRICA

…..CALLS ON AFRICAN LEADERS TO CREATE YOUTH BUSINESS CHAMPIONS, NOT MATRYS This week, fifteen delegations representing the United Nations and several countries, including Germany, Canada, France, Qatar and Algeria took part in the Tunisian government’s International Investment Conference dubbed “Tunisia 2020.” In the last 5 years the Tunisian economy has struggled following a democratic uprising which ushered in weak growth and economic uncertainty. The conference sought to attract direct investment… Continue Reading

Tunde Ayeni not detained by EFCC….Aide

Former Chairman of Skye Bank, and the key promoter of NATCOM, the owners of ntel, Dr Olatunde Ayeni, has cleared the air on his recent encounter with the officials of the Economic and Financial Crimes Commission, describing as total false, the claim by many online publication, particularly Sahara Reporters, that he was arrested and detained over an alleged 1 billion Naira bribe to a former Minister of Federal Capital Territory… Continue Reading

Elumelu To African Youth: Your Time For Leadership Is Now.

……..Advocates entrepreneurship as career choice. African business leader and philanthropist, Mr. Tony O. Elumelu stated that the time for leadership amongst Nigerian and African Youth is now. Elumelu, who addressed the students of the Lagos State University, faculty members and officials of t African business leader and philanthropist, Mr. Tony O. Elumelu stated that the time for leadership amongst Nigerian and African Youth is now. Elumelu, who addressed the students… Continue Reading

Philanthropists, Tony O. Elumelu, Bill Gates discuss the role of global philanthropy on business, politics and culture at Le Club de l’Economie hosted by Le Monde in Paris

Speaking at the Le Club de l’Economie in Paris France on Monday, Tony O. Elumelu, Chairman of UBA Plc and Founder of the Tony Elumelu Foundation, made a call to the French business community, global stakeholders and influential Africans in the development world to embrace ‘structured philanthropy’ in support of rising entrepreneurs with great potential, as a means to achieving sustainable development in Africa. He made this call during a… Continue Reading

Much Ado about NiTel/MTel Sale to NatCom

On October 8, 2016, ntel, Nigeria’s fifth mobile network and, according to their website and social media platforms, Nigeria’s first pure play 4G/LTE advanced network will celebrate 6 months since the commencement of commercial operations on 08-04, 2016. In those 6 months, ntel has attained full network coverage in Abuja, across large swathes of Lagos and then parts of Ogun, Nassarawa and Niger states. It has launched full VoLTE services,… Continue Reading

Melaye: Trade minister helped MTN move $13.92bn out of Nigeria illegally

Dino Melaye, the senator representing Kogi west at the national assembly, has accused Okechukwu Enelamah, minister of industry, trade and investment, of colluding with ‎MTN to illegally move $13.92billion out of Nigeria. Melaye alleged that the money was moved out of the country between 2006 and 2016. In a motion on the floor of the senate on Tuesday, the legislator also‎ reeled off the names of other Nigerians whom he… Continue Reading

Elumelu and Secretary Pritzker’s toast to Africa

The United Bank for Africa (UBA), Africa’s leading Pan-African bank, recently hosted a cocktail reception for US and African business leaders at the Essex House in New York City. The event was held alongside the UNGA and right after the US – Africa Business Forum(USABF) which was organized by Bloomberg and the United States department of Commerce. The Chairman of UBA, Mr. Tony O. Elumelu was host to over 200… Continue Reading

WHY GOV. AMOSUN FAVORS FOREIGN INVESTORS TO LOCAL INVESTORS

Though the Ogun state government under the able leadership of Governor Ibikunle Amosun is doing all his possible best to attract foreign investor to the state to further boost the revenue base of the civil servant state and provide jobs opportunities for the indigenes of the state. However this magazine gathered that the governor is given more preference to foreign investors especially the Chinese to the detriments of hardworking Nigerians… Continue Reading

CBN GOVERNOR DIVERSIFY INTO FULL TIME MECHANISED FARMING

The Governor of the apex bank Godwin Emefiele is seriously thinking about life after his tenure in the banking and corporate world . Global News gathered that Emefiele despite his tight schedule has purchased over 200 hectares of land somewhere in Owode Egba in Ogun state,South -West of Nigeria. Those who have had opportunity to see the gigantic investment further disclosed that the project is in a class of its… Continue Reading

EXCHANGE RATE: BAKERS MAY INCREASE PRICES OF BREAD

As car dealers groan THERE is the possibility of an increase in prices of bread any moment from now as members of the Bakers Association of Nigeria, Oyo State, chapter are set to meet next week following a major increase in prices of production materials. This was disclosed to Saturday Tribune by a member of the association, Mr Taiwo Samuel Titilola, in an interview. Titilola revealed that following the likely… Continue Reading

Reckless Wale Tinubu borrows money to save crumbling empire

In what will come as a rude shock to many Nigerians who knew him and his company’s networth, it appears the dark days are here for the boss of Oando Oil Plc Wale Tinubu, if what is filtering in is anything to go by. As you all know that Global News will always be the first to break the hottest news in the country and as you read this we… Continue Reading

Over 300,000 Nigerians will be jobless if foreign airlines leaves…..NANTAP President

The foreign airlines threatened to close shop in Nigeria due to the lingering forex crisis, the National Association of Nigerian Travel Agencies, NANTA has warned that the country travel industry is at the risk of losing over 300, 000 jobs. This is coming as anxiety continues to mount over the $591 million foreign airlines money trapped in Nigerian banks, which made difficult for foreign carriers to repatriate fund to their… Continue Reading

Tony Elumelu P​romotes Nigeria as top Investment Destination to the French Business Community

Serial entrepreneur, philanthropist and promoter of Africaptalism, Tony O. Elumelu on 27 May 2016, delivered an inspiring speech in Paris, France, selling Nigeria as an investment destination to the French business community. Elumelu, who is the Chairman of Pan-African banking group, United Bank for Africa (UBA) Plc and proprietary investment firm, Heirs Holdings delivered the speech as a guest speaker at the 1st ‘Colloque Nigeria’, a colloquium on doing business… Continue Reading

Fake oil baron Kola Aluko sells off $24.5m American mansion

The joke is on Kola Aluko right now; having scorned the subtle nudge of reason in prosperous clime, Kola could not foresee his doom and eventual collapse of his oil business. It is sadder that Jide Omokore, his partner and benefactor, for whom he fronts, cannot prevent the once profitable cash-cow from untimely death in the slaughterhouse of roguish economics and maladministration. As you read, Aluko, currently under investigation by… Continue Reading

Economy Crisis: Guinness Nigeria Plc Lays Off 500 Workers

The bitting harsh economy situations in the country has claimed yet another casualties in the foods and beverages sectors in the country with the recent laid off well over five hundred of there staff. The stay at home order cut across all the departmets ranging from junior and top management levels. Learnt that there has been palpable fear in the minds of the staff for sometime now. One of the… Continue Reading

Diamond Bank Of Fraud ….How It Is Defrauding It’s Customers Through Illegal Charges

There’s no doubt that Diamond Bank Plc is striving hard to be among one of the best banks in the country with theirservices that are people oriented. But while one will commend them on this, their customers are also groaning under the series of illegal deductions on their hard earned money. One of the customers who simply gave his name as Femi disclosed that the bank are not helping the… Continue Reading

UBA to expand footprint to 25 African countries

Group Chairman Elumelu reconfirms Africa network as strategic priority, pledges further capital for African growth The United Bank for Africa (UBA) Group recently held its first ever Senior Leadership Forum reflecting the strategic importance and growth potential of its pan-African business. UBA Group Chairman Mr. Tony O. Elumelu convened the Forum to review the impressive growth that the bank’s African network had made over the past 11 years and to… Continue Reading

UBA INAUGURATES GROUP BOARD FORUM

Following a 3-day Forum held in Lagos, Nigeria between April 6 & 8, 2016, United Bank for Africa (UBA) Plc Chairman Mr. Tony Elumelu formally inaugurated a Group Board Meeting as a platform for group integration, bonding and knowledge sharing. 90 participants comprising of the entire Board of United Bank for Africa PLC, Chairmen and CEOs of UBA subsidiaries in Africa and the United Kingdom, Group Strategic Business and Support… Continue Reading

Efficiency Gains Drive UBA’s First Quarter Profits To N18 Billion

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 (RoAE). “I am pleased to report yet another impressive performance for the period. In addition… Continue Reading

UBA Rewards Staff At Annual CEO awards

It was an exciting evening on Saturday, April 9, 2016 as staff of pan-African financial services group, United Bank for Africa (UBA) Plc gathered at the Eko Hotel and Suites in Lagos, Nigeria, to celebrate the bank’s staff that have performed exceptionally well in the 2015 financial year. It is a tradition that the bank has maintained since 2008 and this was the eighth edition since its inception. As usual,… Continue Reading

UBA CHAIRMAN TONY O. ELUMELU PLEDGES INVESTMENT IN EASTERN NIGERIA

……….Calls For Regional Approachto development. During a keynote address at the 1st annual Enugu Investment Summit, Chairman of Heirs Holdings and United Bank for Africa Plc (UBA) Tony O. Elumelu presented a compelling case for a sub-regional approach to economic development for Eastern Nigeria. In doing so, he also pledged to invest more steadily in the region. Elumelu called on governors of the five South East states to harmonise economic… Continue Reading

United Bank for Africa(UBA) holds Annual General Meeting as Shareholders Applaud Performance

On Friday April 8, during the bank’s Annual General Meeting (AGM) which was held at the Eko Atlantic Hotel, Lagos, the shareholders of UBA applauded the UBA for its strong financial performance in 2015 despite the difficult operating environment globally. They also approved the board’s recommendation to pay a final dividend of 40 kobo per share. UBA had earlier paid an interim dividend of 20 kobo in September 2015 bringing… Continue Reading

TRANSCORP PLC RELEASES AUDITED FY 2015 CONSOLIDATED RESULTS, REWARDS SHAREHOLDERS WITH BONUS ISSUE

Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s foremost investment conglomerate has announced its audited 2015 Financial Results. The Group posted a profit before tax of N3.3bn for the period under review. Transcorp Group Operating Profit went up by 11% from N14bn in 2014 FY to N15bn. Its posted turnover of N40.8bn and profit before tax of N3.3bn in 2015 due to foreign exchange loss which affected the net results of… Continue Reading

TONY ELUMELU FOUNDATION ANNOUNCES 2ND ROUND OF TEEP2016

1,000 NEW AFRICAN ENTREPRENEURS JOIN $100M TONY ELUMELU ENTREPRENEURSHIP PROGRAMME The Tony Elumelu Foundation (TEF) announces the selection of 1,000 entrepreneurs for the 2nd round of the Tony Elumelu Entrepreneurship Programme (TEEP). Launched in 2015, TEEP is the largest African philanthropic initiative devoted to entrepreneurship and represents a 10-year, $100 million commitment, to identify and empower 10,000 African entrepreneurs, create a million jobs and add $10 billion in revenues to… Continue Reading

Africa’s Interior Design Star To Emerge On REDTV

Africa’s first interiors design show with a twist of reality TV is debuting on REDTV to discover Africa’s next Interior Design star. The launch of the new TV Reality show, tagged “Interiors By Design, was held at Angelika’s, Lagos’ choicest luxury home wares store, on Sunday, March 20, 2016 with notable names gathered from the worlds of design, finance, media and entertainment to celebrate REDTV, Glam Networks and the Interiors… Continue Reading

FY2015:UBA Grosses N60 Billion in profits, pays additional 40kobo dividend.

United Bank for Africa Plc; the pan African financial services Group with operations in 19 African countries has delivered another strong and impressive financial performance. In its Audited Full Year results for the year ended December 31, 2015, released to the Nigerian Stock Exchange (NSE) on Monday, the bank recorded a 10% growth in gross earnings, closing at N315 billion and a 25% growth in profit-after-tax to N60 billion; translating… Continue Reading

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