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Billionaire Chairman of the United Bank Of Africa Plc, UBA, Tony Elumelu has purchased an additional 2, 199, 373 shares from the top lender. In a statement signed by Bili A. Odum, Company Secretary, UBA, and released on the floor of the Nigerian Stock Exchange, NSE, the bank stated that Mr. Tony O. Elumelu bought…
July 24, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) As the effects of the pernicious COVID-19 pandemic continue to make landfall, managers of 22 Nigerian banks have reached out to the CBN to help restructure a total of 35,640 diverse loans in their kitty. This was disclosed by CBN Governor, Mr. Godwin Emefiele…
July 21, 2020
In yet another worrying sign of Nigeria worsening Foreign Exchange crisis, Nigerian customers abroad will have their debit card spending limited by some of their banks. This is in a bid to limit foreign currency settlement risk by the banks. Two of Nigerian leading banks have moved to temporarily suspend the use of debit cards…
July 20, 2020
The International Monetary Fund, IMF has disclosed that if Nigeria is to increase revenue generation and make tax collection more efficient, the country needs to improve its audit capacity and update its tax registry. This, the Fund said should be the focus of the government rather than the proposed raising of the tax rate. IMF…
July 18, 2020
As part of its fresh growth strategy, the United Bank for Africa Plc (UBA), has announced the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively. Reacting to the appointment, the bank’s Group Chairman Tony O. Elumelu said these senior appointments represent our commitment…
July 7, 2020
Zenith Bank Plc has emerged as number one Bank in Nigeria by Tier-one Capital in the 2020 Top 1,000 World Bank Ranking, published by The Banker Magazine. The bank, in a statement on Thursday in Lagos, said that it climbed a whopping 29 spots from 425 in 2019 to 386 in the 2020 global ranking…
July 2, 2020
By Kolawole Ojebisi Access Bank has offered to pay stamp duty charges for February to April on behalf of its customers. It also said deductions made between Saturday and Sunday would be reversed to customers. In a statement on Sunday, the bank said it recognised that it is a tough period for customers. This development…
June 29, 2020
Research by Nairametrics; an online medium has revealed that Nigeria’s tier-1 banks — comprising of First Bank Plc, UBA, Guaranty Trust Bank, Access Bank, and Zenith Bank (FUGAZ) generated a total of N18.4 billion from bank maintenance charges in Q1 2020. This sum is 17.12% more than N15.6 billion that was generated by the five banks during…
June 3, 2020
Zenith Bank Plc has maintained its position among the league of 'A' banks around the world as Global Finance named it the best bank in Nigeria--Africa's largest economy in its World's Best Banks Awards 2020. According to the Global Finance Magazine that published the list of leading financial institutions in the world in its May…
June 1, 2020
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Billionaire Chairman of the United Bank Of Africa Plc, UBA, Tony Elumelu has purchased an additional 2, 199, 373 shares from the top lender. In a statement signed by Bili A. Odum, Company Secretary, UBA, and released on the floor of the Nigerian Stock Exchange, NSE, the bank stated that Mr. Tony O. Elumelu bought…
July 24, 2020
By Hamilton Nwosa(Head, The New Diplomat’s Business and data tracking desk) As the effects of the pernicious COVID-19 pandemic continue to make landfall, managers of 22 Nigerian banks have reached out to the CBN to help restructure a total of 35,640 diverse loans in their kitty. This was disclosed by CBN Governor, Mr. Godwin Emefiele…
July 21, 2020
In yet another worrying sign of Nigeria worsening Foreign Exchange crisis, Nigerian customers abroad will have their debit card spending limited by some of their banks. This is in a bid to limit foreign currency settlement risk by the banks. Two of Nigerian leading banks have moved to temporarily suspend the use of debit cards…
July 20, 2020
The International Monetary Fund, IMF has disclosed that if Nigeria is to increase revenue generation and make tax collection more efficient, the country needs to improve its audit capacity and update its tax registry. This, the Fund said should be the focus of the government rather than the proposed raising of the tax rate. IMF…
July 18, 2020
As part of its fresh growth strategy, the United Bank for Africa Plc (UBA), has announced the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively. Reacting to the appointment, the bank’s Group Chairman Tony O. Elumelu said these senior appointments represent our commitment…
July 7, 2020
Zenith Bank Plc has emerged as number one Bank in Nigeria by Tier-one Capital in the 2020 Top 1,000 World Bank Ranking, published by The Banker Magazine. The bank, in a statement on Thursday in Lagos, said that it climbed a whopping 29 spots from 425 in 2019 to 386 in the 2020 global ranking…
July 2, 2020
By Kolawole Ojebisi Access Bank has offered to pay stamp duty charges for February to April on behalf of its customers. It also said deductions made between Saturday and Sunday would be reversed to customers. In a statement on Sunday, the bank said it recognised that it is a tough period for customers. This development…
June 29, 2020
Research by Nairametrics; an online medium has revealed that Nigeria’s tier-1 banks — comprising of First Bank Plc, UBA, Guaranty Trust Bank, Access Bank, and Zenith Bank (FUGAZ) generated a total of N18.4 billion from bank maintenance charges in Q1 2020. This sum is 17.12% more than N15.6 billion that was generated by the five banks during…
June 3, 2020
Zenith Bank Plc has maintained its position among the league of 'A' banks around the world as Global Finance named it the best bank in Nigeria--Africa's largest economy in its World's Best Banks Awards 2020. According to the Global Finance Magazine that published the list of leading financial institutions in the world in its May…
June 1, 2020
