Skye Bank Refutes Non-Compliance With TSA

Skye Bank in a statement signed by Nduneche Ezurike, Head Strategic and Brand Management disclosed that “Our attention has been drawn to a report in Sahara Reporters and other r publications stating that the GMD and the Chief Compliance Officer of Skye Bank have been invited by the EFCC over an alleged non remittance of funds belonging to the Presidential Implementation Committee (PIC) to the CBN in compliance with the… Continue Reading

Uber Offers Free Rides To UBA Customers

Uber and UBA have today announced a partnership which offers UBA cardholders up to N6,000 worth of free Uber rides from now until 31 March 2016. UBA cardholders who sign up for Uber will get up to N3,000 off each of their first two rides. To get this offer, a customer needs to sign up with any UBA card and enter the promo code UBARIDES. Uber gets you a ride… Continue Reading


At a meeting held at UBA House, the UBA Group Board today approved the appointment of Kennedy Uzoka as the new Group Managing Director, with effect from August 1st, 2016 and subject to the approval of the Central Bank of Nigeria. Mr Uzoka succeeds Phillips Oduoza, who retires on July 31, 2016, after two terms of leading the UBA Group. Kennedy Uzoka has most recently been leading the transformation agenda… Continue Reading


Investigation recently conducted by this magazine has revealed that Chi limited hasn’t desist from producing and distributing poisonous juice into the market, thereby putting children at greater risk. Few months ago, a clarion call was made to all mothers in the country to warn their children from taking Caprisonne, one of the packaged fruit juices in the market greatly sought after especially by children between the age bracket of one… Continue Reading

Tony Elumelu Applauds US Congress for the passage of the ‘Electrify Africa Act’

Leading investor and Chairman, Heirs Holdings, UBA Plc and founder of the Tony Elumelu Foundation, Tony O. Elumelu has applauded the U.S. House of Representatives for the passage of the “Electrify Africa Act,” which took nearly three years trying to get the measure through both chambers of Congress. The Electrify Africa Act creates a framework for a major public-private partnership between the United States and sub-Saharan African countries to help… Continue Reading

Elumelu urges US Congress to pass the Electrify Africa Act

Mr. Tony Elumelu, Chairman, Heirs Holdings and Founder Tony Elumelu Foundation has called on the United States Congress to pass the ‘Electrify Africa Act’ stating that the passage in to law would make a world of difference in Africa. “When you leave this place call your Representatives and the leadership of the House and ask them to pass the bill” Elumelu urged members of the packed audience. The bill which… Continue Reading

Buhari, Elumelu, Umunna makes list of 100 most influential Africans in 2015

Tony Elumelu, Chairman, Board of Directors, United Bank for Africa (UBA) Plc, has been named among the “100 most influential Africans of 2015.” The list published by pan African magazine “New African” presents Africa’s definitive power list and profiles the continent’s top game changers in eight different fields: Politics (22); Public Office (4); Arts and Culture (21); Business (21); Civil Society (11); Technology(9); Media (7); and Sports (5). Also on… Continue Reading

Association of Telematics Operators of Nigeria Berths

Apparently disturbed by the activities of quacks, vehicle tracking agents in Nigeria, The Association of Telematics Operators of Nigeria (ATON) has finally taken the bull by the horn to address the situation. The association has therefore begun to put all those in the business of vehicle tracking into integrity test that is in conformity with laid down rules and regulations of Nigerian Communication Commission, NCC. According to ATON, a major… Continue Reading

We did not ask any Nigerian bank to recapitalize…CBN

The Central Bank of Nigeria (CBN) has said that no Nigerian bank is ‘experiencing stress,’ and as such has not compelled any to recapitalise before June 2016. This followed an online publication purporting that some deposit money banks in Nigeria are ‘experiencing stress.’ Describing as fictitious, CBN said the story as published “is not only false and baseless but a figment of the writer’s imaginations.” Reuters news online had published… Continue Reading

The Many Troubles of Oando boss Wale Tinubu

Sometimes, to get to the top may be easy, but to stay up there may not be palatable. Here in Nigeria and some other African countries, those who find themselves at the top either by accident or by their dint of hard work usually find it very difficult to hold on firmly to their positions while some do. Wale Tinubu is one man whose rise was sudden in the sight… Continue Reading

How alleged corruption in NNPC is fueling petrol scarcity

The current fuel scarcity across Nigeria is due largely to the entrenched corruption at the Nigerian National Petroleum Corporation, reliable sources familiar with the operations of the state-owned oil company have told PREMIUM TIMES. The NNPC had said the resurgent queues in filling stations were due to panic buying and claimed it had 1.4 billion litre petrol reserve. But our sources have countered claims by the corporation, saying the current… Continue Reading

UBA treats 20 customers to an unforgettable holiday experience in Dubai

It was a Friday evening at the international wing of the Murtala Mohammed International Airport (MMIA) and 20 lucky customers of United Bank for Africa (UBA) Plc were eagerly waiting for their flight. These were the people who received their Western Union and MoneyGram transfer at UBA during the UBA Remittance Awoof Promo. Their destination was Dubai. Courtesy of UBA, they were going on an all -expense paid 3-day trip… Continue Reading


A Federal High Court in Lagos last week entered judgment in favour of Diamond Bank in a N26.2bn debt recovery suit it filed against a businessman, Chief Sunny Odogwu, and his two companies, Robert Dyson & Diet Limited and SIO Properties Limited. The trial judge, Justice Saliu Saidu, granted Diamond Bank the leave to foreclose and sell ‘Luxury Collection Hotels and Apartments’, formerly Le Meridian Grand Tower, in Ikoyi, belonging… Continue Reading

Osun monarchs protest poor electricity supply

No fewer than 15 traditional rulers from four local government areas of Osun State stormed the office of Ibadan Electricity Distribution Company in Osogbo, to protest poor supply of electricity in their domains. According to a statement made available to our correspondent in Osogbo on Wednesday, the monarchs took the decision following threats of violence from some of their subjects over the epileptic supply of electricity in their communities. The… Continue Reading

Nigeria back to public debt crisis – NGO, stakeholders

Barely 10 years after Nigeria exited from the Paris and London Clubs debt crises, the nation is back to public debt crisis, a Non-Government Organisation – Social Development Integrated Centre – and stakeholders have said. They spoke in Abuja on Tuesday at a forum titled Promoting Accountability in the Management of Public Debt convened by Social Action for the presentation of a report titled Whose Burden? Examining the Growing Public… Continue Reading

UBA Contactless Cards Set Off a Revolution In Card Payments In Nigeria

The leading financial services institution in digital banking offerings in Nigeria, and across Africa, United Bank for Africa (UBA) Plc is changing the payments landscape in Nigeria with the introduction of contactless payment cards. The contactless payment cards offer UBA customers an easier and more convenient hassle-free way to pay for goods and services. It is the latest innovation from the digital banking division of pan-African financial services UBA, which… Continue Reading

Corruption, Banking Crisis, NNPC Management Crisis Will Worsen Fuel Scarcity

Nigeria’s current fuel scarcity is likely to persist and even worsen unless the Muhammadu Buhari administration takes radical steps to address certain root problems, among them corruption, banking snags and a crisis management in the Nigerian National Petroleum Corporation (NNPC), according to information gathered through investigations by SaharaReporters. During our weeklong investigation, several players in the oil sector, including government officials, bankers, and petroleum analysts disclosed that the NNPC and… Continue Reading

Delta, Alessi Partner to Bring Modern Design to the Skies

Attention to detail is in Delta Air Lines’ DNA, so when the airline decided to refresh and enhance its on-board serviceware in Delta One and First Class, it looked to the renowned network of designers at Alessi to create a signature line featuring a modern and functional design. Customers will see the product of Delta’s tie-up with Alessi come to life on board in 2017. Click here for a sneak… Continue Reading


On resumption of office, President Muhammadu Buhari ordered that all federal agencies and parastatals must remit money in one single account known as the Treasury Single Account (TSA). This decision of the Presidency met with diverse criticisms from Nigerians. Some believe it is a means of checking financial fraud and curbing corruption in high places while other segments are of the view that it will not work in the Nigerian… Continue Reading

Diezani-Gate: Nigerian Corrupt Oil Marketers Run For Cover

It is no more news that the present administration of Muhammadu Buhari a former military ruler and a no-nonsense anti-corruption agent is doing everything possible to unravel the many corrupt practices under the leadership of ex-President Goodluck Jonathan. The presidency, in its bid to start the anti-graft campaign from the top, beamed its searchlight on the oil industry. The appointment of Dr. Ibe Kachikwu paved way for the cleansing of… Continue Reading

Shame! Atedo Peterside, David-Borha suspended Over Fraud

Atedo Peterside is sad and that is because the proverbial frost of misfortune has carved into his fate, the disaster of ill-luck. The Financial Reporting Council of Nigeria (FRC) has suspended the Chairman of Stanbic IBTC bank, Mr. Peterside Atedo; Managing Director, Mrs. Sola David-Borha and KPMG’s Arthur Oginga and Dr. Daru Owei over accounting irregularities, and improper disclosures in the bank’s 2013 and 2014 financial statements. The FRC in… Continue Reading

Former Custom Boss, Dikko Inde Goes Into Big-time Mechanized Farming …Acquires 20 hectares of land

Erstwhile Comptroller-General of the Nigeria Customs Service, Dikko Abdullahi Inde has surely prepared for life after retirement. The Musawa, Katsina State-born Customs officer is rumoured to have acquired vast hectares of land and also purchased various modern-day equipment to commence operation. It is also hinted that Dikko Inde has employed workers for the farm. Not only that, Inde is also said to have agreed to pay his new workers handsomely…. Continue Reading

Ologudu of Ogudu, Oba Waheed Fashola In trouble Over Ogudu Foreshore

Information reaching Global News affirmed that the Ologudu of Ogudu, Oba Waheed Fashola is currently entangled in a land crisis that may threaten his throne and probably give him some level of disrespect from his subjects. The monarch is alleged to have sold lands at the Ogudu foreshore which actually belong to a top chieftain of a major political party in Lagos State. On requesting for the papers of the… Continue Reading

Incredible! FCMB Managers Steal Depositors’ N.1Bn

These days, Nigerians are getting fed up with the illegal activities of those who are supposed to manage their funds for them, the bankers. Last month, some bankers and their cohorts were arrested by the police for being involved in an N8 billion scam. The rate at which corruption is now dominating the banking halls is very alarming. Just of recent, two workers of First City Monument Bank (FCMB), Andrea… Continue Reading


The issue of fuel scarcity has become a typical one on the lips of a lot of Nigerians in recent months and the matter got to a head in the last week of April creating untold hardship for the general populace. While the general public are paying through their nose just to have some litres of the “golden” commodity in order for them not to get stranded, others are taking… Continue Reading


For subscribers of one of the leading telecommunications company, Globacom it is not business as usual as they are facing a lot of hardship at the moment from this network provider and they are not hiding their feelings. As the story goes, for a long time now, they have been battling with serious issues regarding dubious charges being experienced from the hands of the Otunba Mike Adenuga-led company.


Many Nigerians are not aware that there are negative and positive implications when they are applying to get foreign nationalities different from their Nigerian status. One of them has run into problem because he is holding a dual citizenship as a court in Nigeria ruled that he should be extradited to United Kingdom to face fraud-related charges simply because he is holding a British passport. Presently, Nigerian-British citizen who is… Continue Reading

Huge debts await Buhari, in-coming govs

AFTER the euphoria of their electoral victories, one of the major challenges that will confront the President-elect, Major-General Muhammadu Buhari (retd), and 20 or 21 new governors is the level of debt stock the out-going administrations will leave behind. According to the Debt Management Office, DMO, the Federal Government has a stock of $6.445 billion in external debt (N1.29 trillion at the rate of one dollar to N200)) and another… Continue Reading

Ooni Of Ife’s Brother, Kunle Sijuwade Goes Broke …. Puts KS Hotel Ibadan Up For Sale To Raise Money!

The Oonirisa of Ile-Ife, Osun state, Oba Okunade Sijuwade has been in the news in recent weeks and this is for obvious reasons. He’s said to have taken an active part in the now controversial blessing of President Goodluck Jonathan by Osun state royal fathers which took place right in his Ile-Ife palace weeks back which of course is still generating heated arguments among Nigerians home and abroad most especially… Continue Reading


Few years back Golobal News carried a story on the duo of the DG of the Securities and Exchange Commission, Ms. Aruma Oteh and the former DG of the Nigerian Stock Exchange, Professor Ndi Okereke Onyiuke where they were involved in hot exchange of words over their educational qualifications. The war of words involving them took a different dimension as they both resorted to calling each other names back then…. Continue Reading

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