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…
Since commencing oil production in 2019, Guyana’s fortunes have changed dramatically. With a population of just 800,000, this small South American nation is on track to become one of the world’s leading oil producers per capita in 2024, potentially surpassing major oil-producing nations like Saudi Arabia and Qatar shortly. This newfound wealth has already transformed…
By Ken Afor Prince Afolabi Ghandi Olaoye, a former pastor at the Redeemed Christian Church of God (RCCG) in the United States, has reportedly arrived Ogbomoso, Oyo State, for his coronation as the new Soun of Ogbomoso land. Last week Saturday, Governor Seyi Makinde of Oyo State had congratulated Prince Olaoye as the Soun-elect. "His…
Linda Yaccarino has made history as she becomes the first female Chief Executive Officer (CEO) of Twitter. The Chairman of Twitter, Elon Musk who announced her appointment in a tweet on Friday said he was excited by her appointment. He said “the new CEO will focus primarily on business operations, while I focus on product…
Zenith Bank Plc has announced its unaudited results for the first quarter ending 31 March, 2023, with an exceptional double-digit growth of 41% in Gross Earnings, increasing from ₦191.5 billion in Q1 2022 to ₦270 billion in Q1 2023. The unaudited statement of account submitted to the Nigerian Exchange (NGX) on Friday, 28 April, 2023,…