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Seun Ibiyemi

2,051 stories

  1. Money market

    UBA celebrates 75 years of excellence, records outstanding financial growth

    ...Reaffirms commitment to digital transformation, Africa’s economic development ...To complete CBN’s N500 billion capital requirement in Q3 2025 ...Shettima extols UBA’s dedication to innovation, emerging markets The United Bank for Africa (UBA) reached a historic milestone, celebrating its 75th anniversary during its 65th Annual General Meeting. Group Chairman, Mr Tony Elumelu, delivered a reflective speech, ...

  2. Business

    UBA celebrates 75 years of excellence, records outstanding financial growth

    …Reaffirms commitment to digital transformation, Africa’s economic development United Bank for Africa (UBA) marked a historic milestone as it celebrated its 75th anniversary during the 65th Annual General Meeting, with Group Chairman Mr. Tony Elumelu delivering a speech that reflected on the institution’s legacy of excellence, resilience, and forward-thinking innovation. Elumelu emphasized the group’s remarkable ...

  3. Maritime

    FG launches ports committee to tackle delays, boost maritime efficiency

    The Presidential Enabling Business Environment Council (PEBEC), in collaboration with the Nigerian Ports Authority (NPA), has launched the Ports and Customs Efficiency Committee (PCEC), a new initiative aimed at revitalising port operations and improving the ease of doing business across Nigeria’s seaports. Speaking at the committee’s inaugural meeting in Lagos on Thursday, Vice President Kashim ...

  4. Maritime

    Stakeholders call for collaborative efforts to boost Nigeria’s maritime tourism

    Tourism stakeholders have urged for a multi-sectoral approach involving various actors in the blue economy sector to enhance Nigeria’s maritime tourism. The call was made during a one-day seminar on the “Development of National Blue Economy and Coastal Biodiversity in Tourism,” which took place this week in Abuja. The event, held at the Shehu Musa ...

  5. Aviation

    NiMet workers suspend strike following FG’s intervention

    Staff of the Nigerian Meteorological Agency (NiMET) have called off their strike after intervention from the Federal Government. The workers had initiated the strike in protest against poor working conditions, which resulted in flight disruptions and left passengers stranded. However, the industrial action was suspended following a meeting with the Minister of Aviation and Aerospace ...

  6. Aviation

    United Nigeria Airlines assures passengers of safety amid NiMet strike

    United Nigeria Airlines has assured its passengers that its operations remain safe and fully compliant with regulatory standards despite the ongoing strike by workers of the Nigerian Meteorological Agency (NiMet). In a statement released on Thursday in Lagos, the airline’s Public Relations Officer, Mr Chibuike Uloka, confirmed that while NiMet plays a crucial role in ...

  7. Aviation

    FG harps on financial discipline for sustainable aviation growth

    The Minister of Aviation and Aerospace Development, Mr Festus Keyamo, has underscored the crucial relationship between aviation and financial discipline as a foundation for the industry’s sustainable growth. Keyamo made the statement during the inauguration of the Aviation Chapter of the Institute of Chartered Accountants of Nigeria (ICAN) in Lagos earlier this week. The minister ...

  8. Capital Market

    GTCO shareholders approve N8.03 Per share dividend payout

    Shareholders of Guaranty Trust Holding Company (GTCO) Plc have approved a total dividend payout of N8.03 per share for the financial year ending 31 December 2024. This decision was reached during the company’s fourth annual general meeting, held virtually on Tuesday. The total dividend includes an earlier interim payment of N1.00 per share, with a ...

  9. News

    FG losing trillions of naira to temporary importation license — Reps committee

    The House of Representatives Committee on Customs and Excise has condemned what it described as the widespread abuse of the temporary importation licence system by corporate bodies in the country and called for its abolition. In addition, the committee announced plans to invite the concessionaires of the Customs Modernisation Project, TMP Limited, along with the ...

  10. Business

    FG to reopen N350bn bonds at auction, offers 19% interest rates

    The Debt Management Office (DMO) has announced plans to reopen two Federal Government bonds worth a combined ¦ 350 billion for public subscription, priced at ¦ 1,000 per unit. In a statement released yesterday, the DMO confirmed that the auction is scheduled for 28 April, with a settlement date set for 30 April. According to ...

  11. Business

    Nigerian shipowners to get $700m CVFF in August — NIMASA

    The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA), Dr Dayo Mobereola, has confirmed that arrangements are in progress to enable indigenous shipowners gain access to the $700 million Cabotage Vessel Financing Fund (CVFF) within the next four months. Speaking to maritime journalists on Wednesday, following an oversight visit by members of ...

  12. Issues of the Moment

    What IMF/World Bank Spring Meetings mean for Nigeria’s future

    The 2025 Spring Meetings of the International Monetary Fund and World Bank in Washington, D.C., have taken on renewed importance as the global economy contends with rising debt burdens, inflationary trends and widening inequality. For Nigeria, the continent’s largest economy, the meetings have opened a critical window to push forward key domestic reforms, draw international ...

  13. Money market

    UBA post-tax profit jumps to N189bn in Q1 2025

    United Bank for Africa (UBA) reported post-tax profit of N189 billion in the first three months of 2025, maintaining a steady rise for the past six years. The pan-African lender saw interest income rise to N599.8 billion, a 36 percent increase from N440.7 billion recorded at the same time in 2024, as six consecutive upward ...

  14. Maritime

    NIMASA pledges CVFF disbursement by August

    In response to a firm directive from the Minister of Marine and Blue Economy, Adegboyega Oyetola, the Nigerian Maritime Administration and Safety Agency (NIMASA) has pledged to commence the long-awaited disbursement of the Cabotage Vessel Financing Fund (CVFF) by August 2025. Director General of NIMASA, Dr. Dayo Mobereola, made this commitment during an oversight visit ...

  15. Capital Market

    CBN champions economic reforms, investment drive at High-Level forum

    In a bold move to reassert Nigeria’s financial credibility on the global stage, the Central Bank of Nigeria (CBN), in partnership with J.P. Morgan, the Nigerian Exchange Group (NGX), and the Africa Private Capital Association (AVCA), hosted a high-impact forum at Nasdaq MarketSite ahead of the IMF and World Bank Spring Meetings. Titled "The Nigeria ...

  16. Maritime

    Onne multipurpose terminal makes history, receives largest container vessel, Kota Carum

    The Onne Multipurpose Terminal (OMT) in Rivers State has made history once again by successfully hosting the Kota Carum, the largest vessel to ever dock at the Onne Federal Ocean Terminal (FOT). This landmark event, which took place recently, further reinforces OMT’s growing importance as a key hub for large-scale maritime trade in West Africa. ...

  17. Maritime

    Why we are committed to 24-hour port services — NPA MD

    Dr. Abubakar Dantsoho, the Managing Director of the Nigerian Ports Authority (NPA), has reaffirmed the organisation’s dedication to achieving 24-hour port operations in Nigeria. Speaking at the 5th JournalNG Port Industry Town Hall Meeting in Lagos, with the theme “Bridging the Gaps to Actualise 24-Hour Port Operations,” Dantsoho outlined several initiatives designed to modernise the ...

  18. Maritime

    NIMASA Spokesman, Osagie emerges outstanding spokesperson of Marine, Blue Economy Sector

    Edward Omoruyi Osagie, the deep-voiced and charismatic spokesman for the Nigerian Maritime Administration and Safety Agency (NIMASA), has been crowned the most outstanding spokesperson in the Marine and Blue Economy sector at the 2025 National Spokespersons’ Awards (NSAwards) held recently in Abuja. Osagie, known for his calm demeanour, triumphed in his category during the prestigious ...

  19. Maritime

    Maritime expert urges caution, market research before $700m CVFF disbursement

    A leading maritime expert and President of the Maritime Security Providers Association of Nigeria (MASPAN), Mr Emmanuel Maiguwa, has advised the Nigerian Maritime Administration and Safety Agency (NIMASA) to undertake thorough market research and industry consultation before releasing the much-anticipated $700 million Cabotage Vessel Financing Fund (CVFF). In a recent statement made available to the ...

  20. Capital Market

    UBA, Access Bank, GTCO, others reap N628.5bn from E-Banking boom in 2024

    Nigeria’s leading banks are seeing significant returns from the nation’s digital banking surge, collectively earning N628.5 billion from electronic business channels in 2024 — a sharp 51 percent rise from the N387.8 billion posted in 2023. This notable upswing points to growing reliance on digital banking platforms including mobile apps, USSD codes, debit card services, ...