By Abiola Olawale United Bank for Africa (UBA) has been ranked among top five banks in West Africa, a recent customer experience survey conducted by KPMG for the West African banking sector has revealed. According to the KPMG 2024 West Africa Banking Industry Customer Experience Survey, UBA excelled in the Small and Medium Enterprises (SME)…
By Kolawole Ojebisi Barely a week to the end of his eight-year tenure, Edo state governor, Godwin Obaseki has explained why his administration executed certain projects under his watch. Obaseki, who said he is leaving office with a sense of satisfaction. He gave the explanation during a postmortem of his years in office. The governor…
By Kolawole Ojebisi Governor Fubara of Rivers State has said it is not inordinate desire for power that made him to adopt the All Peoples Party (APP) as a political party In the just concluded local government Council election. Fubara said the move was not a matter of political structure but a move to meet…
By Abiola Olawal Nigerian Business mogul and banking expert, Tony Elumelu, has revealed that despite the harsh business operating environment, Transcorp Group’s combined market capitalisation on the Nigerian exchange grew from N114 billion to over N4.4 trillion. Elumelu made this revelation at the Transcorp Group’s 18th Annual General Meeting. The Chairman of the United Bank…
By Abiola Olawale Nigerian business mogul and Chairman of United Bank for Africa (UBA), Tony Elumelu has celebrated the financial institution as it celebrates its 75th anniversary. Elumelu who spoke during the bank’s 62nd Annual General Meeting (AGM) said the financial reports of the financial institution in 2023 showed remarkable growth. Elumelu noted that the…
By Joel Okwara The Bank of Industry (BOI) has shown remarkable growth in its financial performance, despite the local and economic challenges, by generating two million jobs, with the bank’s profit hitting N153bn At the 64th Annual General Meeting in Abuja, the chairman of the shareholders’ committee, Mallam Muhammed Bala, announced that the bank’s total…
By Abiola Olawale As United Bank for Africa (UBA) celebrates its 75th anniversary year, the financial institution has announced plans to seek shareholders’ approval this Friday for its N500 billion recapitalisation. This move is in line with the Central Bank of Nigeria’s (CBN) efforts to strengthen the banking sector, a crucial step towards achieving the…
By Abiola Olawale United Bank for Africa Plc (UBA) has unveiled its highly anticipated Q1 2024 financial results, indicating impressive growth across key performance indicators. According to the Group's financial results, released to the Nigerian Exchange Limited (NGX) on Friday, May 3, 2024, UBA recorded an exceptional year-on-year growth. Gross Earnings surged by 110% from…
The Central Bank of Nigeria has ordered banks operating in the country to start charging a cybersecurity levy on transactions. A circular from the apex bank on Monday, May 6, 2024, informed the implementation of the levy would start two weeks from today (yesterday). The circular was directed to all commercial, merchant, non-interest and payment…