UBA leads ExxonMobil/NNPC $265m upstream financing

UBA leads ExxonMobil/NNPC $265m upstream financing

A consortium of eight Nigerian banks led by UBA, as the lead bank, are in a $265million supplementary refinancing deal for ExxonMobil and the Nigerian National Petroleum Corporation (NNPC). The banks are United Bank for Africa Plc, Oceanic Bank, Standard Chartered Bank, Skye Bank, Zenith Bank, Bank PHB, Access Bank and Union Bank Plc.
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FG develops database on urban centres

FG develops database on urban centres

By Chris Ochayi ABUJA — Determined to address challenges of the urban centres in the country, the Federal Government yesterday inaugurated the national steering committee of the Cities Alliance with a view to gathering necessary information that will enable Nigeria achieve sustainable urban development. The measure will help the government to properly plan and position […]

Police smash land documents syndicate in Abuja

Police smash land documents syndicate in Abuja

By Kingsley Omonobi ABUJA — The Zone 7 Command of the Nigerian Police, Abuja, yesterday smashed a syndicate that specialises in the forging of land allocation and Abuja Geographic Information Systems (AGIS) documents after which it was discovered that the syndicate had duped unsuspecting members of the public of over N80 million. The syndicate members, […]

Reps: Ningi disowns anti-Bankole sms

Reps: Ningi disowns anti-Bankole sms

ABUJA — Indication that another plots to unseat the leadership of the House of Representatives may be on, was revealed yesterday as Abdul Ningi (PDP/Bauchi) yesterday disowned a text message (sms) purportedly sent by him to members of the House, asking that the “tyrannical” leader of the House of Representatives and his “cohorts” be removed. […]

Dambazau hails soldiers on peace keeping

Dambazau hails soldiers on peace keeping

By  Kingsley Omonobi ABUJA — Chief Army Staff, Lt.-General Abdurahman Dambazau, has saluted the courage and sacrifices of officers and soldiers in various missions outside Nigeria and those involved in keeping the peace across the country particularly in the Niger Delta, assuring them that their contributions to international peace and security and peace and tranquillity […]

ASUU strike: UNIJOS students bemoan fate

ASUU strike: UNIJOS students bemoan fate

By Taye Obateru Jos — Students of the University of Jos have deserted their hostels following a two-week break granted by the authorities of the institution as a result of the strike by the academic staff which is in its third week. Our correspondent who visited the Abuja, Naraguta and Village hostels found that the […]

Nigeria loses $200m annually on medicare abroad

Nigeria loses $200m annually on medicare abroad

By Henry Umoru ABUJA — MINISTER of Health, Professor Babatunde Oshotimehin, said yesterday that due to lack of confidence on the nation’s healthcare delivery system, Nigeria was losing well over $200 million to what he described as medical tourism from Nigerians who travel overseas for medical attention to treat various ailments. Oshotimehin who also attributed […]

UBA, others in ExxonMobil/NNPC $265m upstream financing

UBA, others in ExxonMobil/NNPC $265m upstream financing

In a historic milestone in oil and gas financing in Nigeria, the United Bank for Africa Plc (UBA) is leading a consortium of Nigerian banks including Oceanic Bank, Standard Chartered Bank, Skye Bank, Zenith Bank, Bank PHB, Access Bank and Union Bank Plc in a $265 million supplementary refinancing deal for ExxonMobil and the Nigerian […]

Govs accuse predecessors of interference

Govs accuse predecessors of interference

…backs FG’s action on N-Delta By Henry Umoru ABUJA—THE thirty-six state governors under the aegis of Nigeria Governors’ Forum have accused their predecessors of meddlesomeness and interference in their activities, just as they stressed that they should emulate former President Olusegun Obasanjo who was not distracting his successor, Umaru Yar’Adua. According to a source at […]

General Oluleye’s legacy

General Oluleye’s legacy

After the first wave of the mass purge, Obasanjo sent out a memo on October 14, 1975 ordering the compilation of more names of Public Servants to be retired. Oluleye as Minister of Establishment picked up courage to confront his bosses and in the process put his career on line and his life in danger.