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Daily Archives: October 17, 2018

NNPC denies having $3.5bn subsidy fund in its custody

  The Nigerian National Petroleum Corporation (NNPC) has disclaimed the insinuation that it has in its custody $3.5billion subsidy fund. NNPC Group General Manager, Group Public Affairs Division, Mr. Ndu Ughamadu, in a release today in Abuja, explained that at the hit of the shortage of products supply at the close of last year, the National Assembly asked the NNPC ... Read More »

UBA shows resilience as gross earnings hit N375bn, with group profit of N79bn

  United Bank for Africa Plc, the pan African financial institution with presence in 20 African countries has announced its unaudited 2018 Third Quarter Financial Results, with impressive growth in Gross Earnings, which berthed at N374.8 billion, an 12.3 percent increase when compared to N333.9 billion recorded in the corresponding period of 2017.   According to the report filed to ... Read More »