Our bank, United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024. Our Chairman, Tony Elumelu, would also be giving the keynote address during the ... Read More »

Cement manufacturers have agreed to bring down the price of the product to between N7,000 and N8,000 per 50kg depending on the location nationwide. During a meeting initiated by the Minister of Works, David Umahi, and attended by his counterparts from the Ministry of Industry, Trade, and Investment, including Doris Uzoka-Anite, in Abuja on Monday, February 19, efforts were made ... Read More »

The Presidency has said a controlled floatation of the Naira to prevent further devaluation would only return Nigeria to the economic regime of the embattled former Governor of the Central Bank of Nigeria, Godwin Emefiele. It said the policy, which saw about $1.5bn spent monthly to shore up the Naira, fueled financial malpractices such as arbitrage which hurt the economy. ... Read More »

… …my signature was forged to take Party funds- Ex-Ag. national chair The last has not been heard about the crisis of confidence which has engulfed the leadership of the Labour Party over the administration of party funds. National Treasurer of the party, Ms. Oluchi Oparah, who was suspended by the Comrade Julious Abure-led National Working Committee (NWC), for six ... Read More »

President Bola Tinubu, on Sunday, February 18, pushed the nation’s agriculture potentials on a global scale, advancing a multi-sectoral partnership with the Federative Republic of Brazil. President Tinubu made the advances during a meeting with President Luiz Inácio Lula da Silva of Brazil in Addis Ababa, Ethiopia. According to a statement issued by Special Adviser to the President on Media ... Read More »

Worried by the escalating cost of cement despite huge patronage by road and housing contractors to cement manufacturers, the Honourable Minister of Works, His Excellency Sen Engr Nweze David Umahi CON, has summoned an urgent meeting of all cement manufacturers in Nigeria. Those invited are: 1. Dangote Plc, 2. BUA Plc 3.Larfarge and others. According to a press statement signed ... Read More »

The Federal government has said it cannot fold its arms and see the price of cement spiralled out of control. The Minister of Works, David Umahi has summoned cement manufacturers to a meeting on Monday to examine the issues surrounding the latest development. According to a statement by the Special Adviser to the Minister on. Edward, Uchenna Orji, the Minister ... Read More »

President Bola Tinubu in company of Vice President Kashim Shettima today at the State House met with the 36 States Governors and the FCT Minister. The meeting agreed on common ground to addressing some of the challenges currently facing the country especially the rising cost of food and insecurity. After extensive deliberations the President and Governors agreed to work together ... Read More »

…Pastor arrested in Abuja over ‘extortion, illegal land sale’ The Inspector-General of Police (IGP), Kayode Egbetokun’s Special Intervention Squad (ISI) has apprehended more kidnappers including a 38-year-old Saidu Abdulkadir. Abdulkadir, a long-sought individual by the Federal Capital Territory (FCT) Police Command for his alleged involvement as an informant to the bandits, has been taken into custody. Abdulkadir has been on ... Read More »

President Bola Tinubu has approved the immediate upgrade of key health infrastructure and equipment across all six geo-political zones of the country. A statement issued by his Special Adviser on Media and Publicity, Ajuri Ngelale, said the projects are in line with President Tinubu administration’s vision of overhauling the health and social welfare sector for enhanced service delivery to all ... Read More »