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Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one-year history.The meeting, which had in attendance shareholders, management and staff members, together with representatives of relevant regulatory bodies, was held using an online meetings platform, in…
April 30, 2020
By Hamilton Nwosa(Head, The New Diplomat’s business and data tracking desk)  Inspired by its encouraging performance in terms of growth, effectiveness and organizational efficiency, the United Bank for Africa Group(UBA) Plc, a frontline  Pan African financial institution, has  unveiled a profit-before-tax of N32.7 billion in the first three months of 2020. Group Managing Director/CEO of…
April 29, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Following President Muhammadu’s Buhari’s  dramatic move to re-open the Nigerian economy that has been in a lockdown scenario for the past 28 days, with his decison to unlock Lagos, Ogun and the Federal Capital (FCT), in a phased manner, the Central Bank of Nigeria(CBN)…
April 27, 2020
First Bank: We Mourn As We Shut Down Kano Office By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) A Regional Manager with First Bank of Nigeria in Kano, Abdullahi Lawal has died of suspected complications arising from COVID -19 infection. Family members revealed that the late banker  who suddenly took ill on…
April 25, 2020
As part of a robust effort to combat the deadly Coronavirus Disease outbreak in Nigeria, the management of Keystone Bank on Sunday announced a donation of N1 billion for the purchase of relief materials, critical care facilities and protective gear to contain the spread of the virus. The pledge was made during the Bankers’ Committee…
March 29, 2020
United Bank for Africa Plc (UBA) on Thursday announced a donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus pandemic. The donation will provide significant and much needed support to Nigeria and 19 other African countries, by supplying relief materials,…
March 26, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Central Bank of Nigeria Governor, Mr Godwin Emefiele on Saturday, clarified that the recent jump in foreign exchange rate to N380 to a dollar is not a devaluation  of the naira but an adjustment. According to Mr Emefiele, the apex bank has the responsibility…
March 22, 2020
The Central Bank of Nigeria (CBN) may have finally bowed to immense pressure from various quarters to devalue the Naira. Few days ago, there were speculations that the central bank would devalue the local currency, following crash in the prices of crude oil at the global market and steep decline in the foreign reserves. This…
March 21, 2020
Shareholders of Zenith Bank Plc, on Monday, March 16th, 2020 at the 29th Annual General Meeting of the Bank held at the Shehu Musa Yaradua Centre, Abuja unanimously approved the proposed final dividend of N2.50 per share, bringing the total dividend payment for the 2019 financial year to N2.80 per share with a total value…
March 17, 2020
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Leading African financial institution, United Bank for Africa Plc (UBA) held its Annual General Meeting virtually by proxy on Wednesday, April 29, 2020 – a first in UBA’s seventy-one-year history.The meeting, which had in attendance shareholders, management and staff members, together with representatives of relevant regulatory bodies, was held using an online meetings platform, in…
April 30, 2020
By Hamilton Nwosa(Head, The New Diplomat’s business and data tracking desk)  Inspired by its encouraging performance in terms of growth, effectiveness and organizational efficiency, the United Bank for Africa Group(UBA) Plc, a frontline  Pan African financial institution, has  unveiled a profit-before-tax of N32.7 billion in the first three months of 2020. Group Managing Director/CEO of…
April 29, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Following President Muhammadu’s Buhari’s  dramatic move to re-open the Nigerian economy that has been in a lockdown scenario for the past 28 days, with his decison to unlock Lagos, Ogun and the Federal Capital (FCT), in a phased manner, the Central Bank of Nigeria(CBN)…
April 27, 2020
First Bank: We Mourn As We Shut Down Kano Office By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) A Regional Manager with First Bank of Nigeria in Kano, Abdullahi Lawal has died of suspected complications arising from COVID -19 infection. Family members revealed that the late banker  who suddenly took ill on…
April 25, 2020
As part of a robust effort to combat the deadly Coronavirus Disease outbreak in Nigeria, the management of Keystone Bank on Sunday announced a donation of N1 billion for the purchase of relief materials, critical care facilities and protective gear to contain the spread of the virus. The pledge was made during the Bankers’ Committee…
March 29, 2020
United Bank for Africa Plc (UBA) on Thursday announced a donation of over 5 billion Naira (USD14 million), through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus pandemic. The donation will provide significant and much needed support to Nigeria and 19 other African countries, by supplying relief materials,…
March 26, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) Central Bank of Nigeria Governor, Mr Godwin Emefiele on Saturday, clarified that the recent jump in foreign exchange rate to N380 to a dollar is not a devaluation  of the naira but an adjustment. According to Mr Emefiele, the apex bank has the responsibility…
March 22, 2020
The Central Bank of Nigeria (CBN) may have finally bowed to immense pressure from various quarters to devalue the Naira. Few days ago, there were speculations that the central bank would devalue the local currency, following crash in the prices of crude oil at the global market and steep decline in the foreign reserves. This…
March 21, 2020
Shareholders of Zenith Bank Plc, on Monday, March 16th, 2020 at the 29th Annual General Meeting of the Bank held at the Shehu Musa Yaradua Centre, Abuja unanimously approved the proposed final dividend of N2.50 per share, bringing the total dividend payment for the 2019 financial year to N2.80 per share with a total value…
March 17, 2020
