Business

Abuja-Kaduna-Zaria-Kano (AKR) Dual Carriageway Project: Setting the Record Straight and Reinforcing Commitment to Dialogue

Recent statements attributed to the Honourable Minister of Works, Senator David Umahi, CON, during his visit to the Abuja-Kaduna-Zaria-Kano (AKR) Highway project site, and a wave of media reports ongoing have raised concerns. While we recognise and respect the Honourable Minister’s commitment to Nigeria’s infrastructure, it is imperative to clarify …

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INCREASE IN PUMP PRICE NOT FROM US- DANGOTE

We wish to clarify that the recent adjustment in our ex-depot price of Premium Motor Spirit (Petrol) is directly related to the significant increase in global crude oil prices. As crude remains the primary input in the production of PMS, any fluctuation in its international price inevitably impacts the cost …

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Abbey Mortgage Bank Set To Transition Into Regional Bank

Abbey Mortgage Bank Plc has announced plans to hold an Extraordinary General Meeting (EGM) on Friday, January 24, 2025, to seek shareholder approval for key resolutions pivotal to its strategic transition into a regional commercial bank. This was contained in the company’s notice to the Nigerian Exchange Limited seen by …

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UBA sends serious message to customers

The United Bank for Africa has told its customers in a special message that their debit cards may not work between 12:00am and 5:00 am on Sunday. In a message, the bank said that this could happen because of its scheduled routine maintenance on its card services. The bank said, …

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AMCON vows to recover N227bn from Arik Air

The Asset Management Corporation of Nigeria (AMCON) has said it is determined to recover N227 billion debt from Arik Air. The Head, Corporate Communications of AMCON, Mr Jude Nwauzor, made this known during an interactive session with aviation correspondents on Friday in Lagos. According to him, AMCON’s plan to liquidate …

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