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FAAN saves over N500 million due to in-house training -GM

A top official of the Federal Airports Authority of Nigeria (FAAN) has said that the airport authority has been able to save over N500million from  in-house staff training that commenced a year ago. General Manager, training, FAAN, Mr. Nath McAbraham Inajoh who revealed this at just concluded Nigeria Institute of Management, …

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Emirates Flight Training Academy takes delivery of two Cirus SR22 G6 training aircraft

  EMIRATES Flight Training Academy, the state of the art flight training facility being developed by Emirates to respond to the global aviation industry’s need for pilots, has taken delivery of its first two Cirrus SR22 G6 training aircraft in Dubai. These are the first of the 22 single-piston engine …

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LASG flags off reconstruction of 10-lane Airport Road

Pledges to complete in 15 months Lagos State Government has commenced the reconstruction of a 10-lane Oshodi-International Airport Road, with a pledge to complete the project within the next 15 months. State Commissioner for Waterfront Infrastructure Development, Mr Adebowale Akinsanya, who spoke at the flag off ceremony said that the …

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UBA announces half year financial result of N223bn

Group grows half-year profit by 66%…offers 20 kobo interim dividend UNITED Bank for Africa (UBA) Plc has announced its audited half-year financial results ended June 30, 2017, growing its gross earnings for the period by 34.5 percent to N222.7 billion, as against N165.6 billion reported in June 2016. The group …

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GTBank reports N101.1 billion profit before tax in 2017 half year result

GUARANTY Trust Bank plc has released its audited financial results for the half-year ended June 30, 2017 to the Nigerian and London Stock Exchanges. A review of the half-year performance, shows positive growth across all key financial metrics and improved strategic positioning of the brand. Gross earnings for the period …

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Lufthansa Group records 60 million passengers in 2017 first half

LUFTHANSA Group in the first half of the year 2017, airlifted around 60 million passengers 17.2% more than in the first half of 2016. The Group in its financial report stated that it has carried more passengers than ever before in the first half of 2017. The seat load factor …

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Delta Air Lines reports $172m increase on June Quarter profit

DELTA Air Lines has announced financial results for the June quarter 2017. The airline reported that its adjusted pre-tax income for the June 2017 quarter was $1.85 billion, an increase of $172 million from the same income in the June 2016 quarter, primarily driven by higher revenue. Delta recorded a …

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Digital Banking holds key to financial inclusion in Nigeria —Segun Agbaje

NIGERIA’S economy may be in a difficult period, but with digitalization at the core of the national banking strategy, financial inclusion has been given room to grow. “There are so many people in Africa that are outside the banking system”, said Segun Agbaje, Managing Director and CEO of Guaranty Trust …

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Global investors oversubscribe UBA’s $500m Eurobond by 240%

UNITED Bank for Africa Plc (UBA) successfully raised USD500 million, through a debut Eurobond, which was over-subscribed at 240%. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s Pan-African financial services strategy. The Global Offering is a five-year senior unsecured benchmark …

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Standard and Poor allots UBA Plc ‘B/B’ ratings, stable outlook

STANDARD and Poor’s (S&P) an international rating agency, has assigned its ‘B’ long term and ‘B’ short term global scale counterpart credit ratings to the United Bank for Africa Plc (UBA). The rating agency noted that UBA’s market position “is supported by its good franchise in the corporate and retail …

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