Business

Africa’s Global Bank, United Bank for Africa (UBA) Plc has once again assured its loyal customers of a remarkableChristmas celebration as the bank plans to reward them with exciting prizes in its upcoming Super Savers draw.

Transnational Corporation of Nigeria (Transcorp) Plc has released its results for the third quarter year ended September 30, 2022, recording significant improvement across its major income lines.

Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidatedand Separate Financial Statements for the period ended September 30, 2022, to the Nigerian ExchangeGroup (NGX) and London Stock Exchange (LSE).

…Naira will become stronger once Refinery starts production The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has disclosed that the Dangote Petroleum Refinery, upon which the hope of the nation rests for fuel sufficiency is now 97 percent completed. The agency has also commended the work done in the project. The refinery, with 650,000 barrels per-day installed capacity is expected to double the total output of Nigeria’s existing ailing refining infrastructure and meet 100 per cent of the Nigerian requirement of all refined products will pump out fuel any moment soon, the Agency declared. The NMDPRA made this disclosure in Abuja when representatives of the Dangote Petroleum Refinery visit it in Abuja to present the work plan for the facility for 2022/2023 as the regulatory agency for the sector. The successful completion of Africa’s biggest petroleum refinery and the world’s largest single-train facility is expected to have a significant…