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For a country that lives and dies by oil, the guardianship of its pipelines is never merely a technical matter. It is a question of who holds the balance of power in the creeks. That is why the likelihood that President Bola Ahmed Tinubu may cancel the pipeline surveillance contract held by Government Ekpemupolo, aka … Continue reading “Focus: Tinubu, Tompolo and the $35million Battle for Nigeria’s Pipelines”
Nigeria has always been prickly about sovereignty. Born from anti colonial struggle and shaped by decades of military rule, the country’s political class instinctively bristles at foreign boots on its soil. Yet today, as 200 US troops quietly embed themselves within Nigerian military formations in Bauchi and Borno, the sovereignty debate has returned; this time … Continue reading “Focus: Nigerian Sovereignty Meets Trump “Donroe” Doctrine”
UBA Unveils Diaspora Platform to Power Global African Lifestyle Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled a diaspora banking and investment platform designed to serve Africans living and working across the world and within the continent. The platform, launched in collaboration with leading ecosystem partners including United Capital, Africa … Continue reading “UBA Unveils Diaspora Platform to Connect Global Africans with Investment, Wealth Opportunities”
During the just-concluded 39th Session of the Executive Council of the African Union, Nigeria recorded significant diplomatic and institutional achievements, consolidating its leadership role in advancing Africa’s economic integration, peace, security, and democratic governance. A major highlight of the session was the Council’s agreement to grant Nigeria a permanent seat on the Board of … Continue reading “AU Summit: Nigeria Secures Major Wins, Gets Permanent Seat On The Board Of African Central Bank”
United Bank for Africa (UBA) Plc, Africa’s Global Bank has launched a simplified instant account opening digital platform designed to make banking faster, more accessible, and truly borderless for customers across Africa and in the diaspora. The new platform enables prospective customers to begin and complete their account opening journey fully online, eliminating the … Continue reading “UBA Unveils Instant Account Opening Platform, with Fully Digital, Secure, Cross-border”
The Director-General of the World Trade Organisation, Dr Ngozi Okonjo-Iweala, has advised the Nigerian government to deliberately target global investors and supply chain relocations to reduce import dependence, deepen manufacturing, and drive job creation. She made the remarks on Wednesday at Nigeria House during the ongoing World Economic Forum in Davos. During a panel … Continue reading “Davos: Nigeria Must Deliberately Target Global Investors -Okonjo-Iweala”
The Nigerian Exchange Limited (NGX) has admitted an additional 3.16 billion ordinary shares of United Bank for Africa (UBA) Plc, to its Daily Official List, signalling a major enhancement of the bank’s market capitalisation whilst also deepening liquidity on the capital market. The NGX noted this in a confirmatory letter to the bank, dated … Continue reading “NGX Confirms Listing of 3.156 Billion UBA Shares, Deepening Liquidity, Market Capitalisation”
There is a certain tone governments adopt when they believe they have won an argument by force of length. Nigeria’s presidential tax committee has produced such a document in response to KPMG’s critique of the new tax laws: sprawling, lawyerly, and studiously confident. It is also curiously evasive of the question that matters most; not … Continue reading “Focus: KPMG vs Nigeria’s Presidential Tax Committee”
Shareholders commit to future injection of more capital to the Groups’ other subsidiaries First HoldCo Plc (“FirstHoldCo” or “the Group”) has announced that its commercial banking subsidiary, First Bank of Nigeria (FirstBank), has successfully met the Central Bank of Nigeria’s (CBN) minimum capital requirement of ₦500 billion. This milestone was achieved following the completion … Continue reading “FirstHoldCo Announces FirstBank Has Met ₦500 Billion Regulatory Capital Requirement”
When Heirs Energies announced its acquisition of Maurel & Prom’s 20.07% stake in Seplat Energy, valued at roughly $500m and financed with a hefty $750m loan from Afreximbank; it was more than a corporate transaction. It was a statement of intent. At a time when Western oil majors are fleeing African hydrocarbons and global capital … Continue reading “Spotlight: Nigeria’s New Oil Barons – Heirs Energies, Seplat, and the Battle for Africa’s Energy Future”