The United Bank for Africa Plc (UBA), a pan-African financial services group, on Tuesday announced the appointments of Mr Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors. The bank in a statement in Lagos, said the Deputy Managing Directors would be in charge of UBA’s Nigeria and Africa businesses, respectively. The Group Chairman, Mr Tony Elumelu, said in the statement that the appointments were a representation of the groups’ strategic recognition now representing in excess of 40 per cent of the Group revenue. “In 2005, we set out our pan-African vision. Fifteen years later, we are present in 20 African countries, serving over 20 million clients, leveraging our service culture and technology platform, to provide an integrated and seamless customer offering across the continent...
BUA Group, through its philanthropic arm, BUA Foundation, has donated six ambulances, food supplies and N100 million each to Rivers and Kwara states. In March, BUA’s chairperson, AbdulSamad Rabiu, announced N1 billion donation to the private sector basket being coordinated by the Central Bank of Nigeria (CBN) in response to the pandemic. A month later, the group announced a fresh donation of N3.3 billion to help the most hit states of Lagos and Kano respond to the rising figures in their states. Speaking while presenting the ambulances to Nyesome Wike, the Rivers State governor, in Port Harcourt, and to his Kwara State counterpart, AbdulRahman AbdulRazaq, in Ilorin, representatives of BUA Foundation said the donations are intended to assist both governments in fighting the pandemic. Govern...
Agence France-Presse Waymo and the Volvo Cars Group have agreed to develop a self-driving electric vehicle designed for ride-hailing use, as part of a new global partnership, the companies said on Thursday. Waymo, a unit of Silicon Valley’s Alphabet, said it will be the exclusive global partner for Volvo Cars for developing self-driving vehicles capable of operating safely without routine driver intervention. Waymo will focus on the artificial intelligence for the software “driver.” Volvo will design and manufacture the vehicles. The companies said Waymo will work with Volvo’s global brands, including Polestar and Lynk & Co. Volvo, owned by China’s Zhejiang Geely Holding Group, has a separate agreement to deliver vehicles to ride-hailing company Uber that Uber will equip to operate as ...
Emirates Group is planning to cut about 30,000 jobs to reduce costs amid the coronavirus outbreak, which will bring down its number of employees by about 30 per cent from more than 105,000. A media reported on Sunday that the company was also considering speeding up the planned retirement of its A380 fleet. An Emirates spokeswoman said that no public announcement has been made yet by the company regarding “redundancies at the airline”, but that the company is conducting a review of “costs and resourcing against business projections”. “Any such decision will be communicated in an appropriate fashion. Like any responsible business would do, our executive team has directed all departments to conduct a thorough review of costs and resourcing against business projections,” the spokeswoman said....
Honourable Jude Idimogu, the lawmaker representing Oshidi/Isolo Constituency 2 at the Lagos State House of Assembly has said that Ndigbo, an ethnic group from South East, does not hate All Progressives Congress (APC), as many people would erroneously believe, rather it is the leadership of the group that has been the problem. Idimogu said at a press conference over the weekend when representatives of Ndigbo and other stakeholders announced him as the apex leader of Ndigbo in APC, to take over from Joe Igbokwe, Special Adviser on Drainage and Environment to Governor Babajide Sanwo-Olu of Lagos State. The lawmaker said he had not been a happy person because his people had continued to support opposition party in the state, which had also robbed them of their due rights as a people in the sta...
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