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The United Bank for Africa (UBA) has dismissed as false and malicious a viral social media claim alleging that its Group Chairman, Tony Elumelu, has divorced his wife, describing the publication as a deliberate attempt to mislead the public and…
Read moreThe attention of UBA Group has been drawn to a false, defamatory, and malicious publication currently circulating on social media platforms, falsely alleging that the Group Chairman, Mr. Tony O. Elumelu, CFR, has divorced his wife. The post Formal notice:…
Read moreOPEC+ has approved a modest 188,000 barrels per day (bpd) increase in production quotas for June, even as the United Arab Emirates (UAE) formally exits the oil alliance. The post OPEC+ approves 188,000 bpd production rise amid UAE exit appeared…
Read moreThe Central Bank of Nigeria (CBN) has announced plans to raise N700 billion through a Nigerian Treasury Bills (NTBs) auction scheduled for May 7, 2026, marking the first issuance for the month and aligning with its second-quarter (Q2) borrowing calendar. The post…
Read moreIt is the fifth month of the year, and if you have been following our previous episodes, you would have noticed shifts in asset allocations as macroeconomic conditions continue to evolve. The post Where to invest in May 2026: Five stocks analysts…
Read moreUEFA is on course to generate more than $5.9 billion in annual revenue from 2027, as a new round of international television rights agreements pushes the commercial value of its men’s club competitions to fresh highs, according to Bloomberg. The…
Read moreThere is a notable structural shift in the Nigerian banking sector as the industry is characterized as highly capitalized but has to navigate a dynamic macroeconomic and regulatory climate, particularly after the Central Bank of Nigeria (CBN) has carried out…
Read moreExchange Traded Funds (ETFs) listed on the Nigerian Exchange (NGX) recorded a broadly negative performance in April 2026, with the Meristem Growth ETF leading the losers after plunging 59.29% to N136.40, as eleven of the twelve tracked ETFs closed the…
Read moreAcross Africa, hotel chain development pipelines reached a record 675 hotels and resorts with 123,846 rooms in early 2026, reflecting an 18.6% increase year on year, according to the latest W Hospitality Group Hotel Chain Development Pipelines in Africa report. …
Read moreNigeria has been named among countries with above-global aviation charges, raising concerns over the cost burden on passengers and airlines operating in the country. The post IATA names Nigeria among countries with aviation charges above global average appeared first on…
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