Thursday, July 31, 2025

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Rivers LG Poll: Why My Loyalists And I Adopted APP — Fubara Reveals

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…

Transcorp Group’s Market Capitalisation Records Significant Growth, Surges To Over N4.4 Trillion

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…

Tony Elumelu Celebrates Historic Achievement As UBA Clocks 75

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…

BOI Generates 2m Jobs As Profits Grow To N153bn

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…

75th Anniversary: UBA Seeks Stakeholders Nod To Raise N500bn Recapitalisation

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…

UBA Off To A Solid Start In 2024, As Gross Earnings Rise by 110%, Profit Hits N156bn In Q1

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…

Full List Of Exempts From CBN’s 0.5% Cybersecurity Levy 

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…

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Rivers LG Poll: Why My Loyalists And I Adopted APP — Fubara Reveals

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…

Transcorp Group’s Market Capitalisation Records Significant Growth, Surges To Over N4.4 Trillion

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…

Tony Elumelu Celebrates Historic Achievement As UBA Clocks 75

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…

BOI Generates 2m Jobs As Profits Grow To N153bn

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…

75th Anniversary: UBA Seeks Stakeholders Nod To Raise N500bn Recapitalisation

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…

UBA Off To A Solid Start In 2024, As Gross Earnings Rise by 110%, Profit Hits N156bn In Q1

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…

Full List Of Exempts From CBN’s 0.5% Cybersecurity Levy 

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…

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