August 25, 2016/PricewaterhouseCoopers Reserves and production Africa’s share of global oil production dropped again slightly since last year, moving it from 9.3% to 9.1% of global output. Proven oil reserves on the continent are still estimated to be 7.6% of the global total, which is the same as the previous […]
Updates
UBA Says H1 2016 Pretax Profit Rise 3.1% to N40.3 Billion
By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, United Bank for Africa Plc said on Thursday its pretax profit for the period ended June 30, 2016 rose 3.1 percent to N40.27 billion from N39.04 billion recorded a year ago. Similarly, profit after tax (PAT) climbed up 1.9 percent to N32.62 billion from […]
First Bank Executive Director Clarifies Role In Alison-Madueke’s Alleged Loot
24/6/2016/The Will The Executive Director in charge of Public Sector at First Bank, Mallam Dauda Lawal, has confirmed that he was actually queried by the Economic and Financial Crimes Commission, EFCC, on his relationship with a former Minister of Petroleum Resources, Mrs Diezani Alison-Madueke, and what he knows about the […]
