UBA Hinges Future Performance on Cost Efficiency, Improved Asset Quality

Pan African financial institution, United Bank for Africa (UBA) Plc has assured its local and international investors that it’s prudent focus on improved asset quality as well as the continuous adoption of strict cost efficient measures will help the bank achieve its objectives and priorities for the 2019 financial year and beyond. This the bank has said will culminate into an institution with even stronger indices laced  with the capacity… Continue Reading

GTBank Builds Nigeria’s First Digital Play Centre for Children

Banks only build branches, or so the story goes. Except for Guaranty Trust Bank Plc; the foremost African financial institution, which has been at the forefront of several innovative products and services, recently completed and opened the first digital playground for children in Nigeria. Located in Lekki, Lagos State, the GTBank Play Centre is equipped with a wide range of interactive games that will give kids a fun and immersive… Continue Reading

125 YEARS ANNIVERSARY: FIRSTBANK HOLDS RELAY WALK, PLEDGES COMMITMENT TO TEAMWORK, SERVICE DELIVERY, VALUE CREATION

Nigeria’s premier Bank, First Bank of Nigeria Limited, has reiterated its commitment to continue to provide quality services to its over 15 million customers, create value and exhibit wholesome teamwork and coordination among its staff. The remark was the collective stand point of the Bank’s principal officers as it held a 125 kilometres Relay Walk to celebrate the bank’s 125 years of uninterrupted existence as a heavyweight in the financial… Continue Reading

UBA Earnings Hits N494bn, Records Significant Asset Growth, Driven by Market Share Gains Across Africa

…. Records Profit of  N106.8 billion  The Pan-African financial institution, United Bank for Africa Plc has announced its Audited 2018 Financial Results with impressive growths achieved across major financial lines. According to the 2018 financials filed at the Nigerian Stock Exchange on Tuesday, the Africa’s global bank’s gross earnings grew by 7.0 percent to N494.0 billion, compared to N461.6 billion recorded in the corresponding period of 2017. The Bank’s total assets also grew… Continue Reading

ATM FRAUD:Polaris Bank Dupes Customer of N2million

A Nigerian based in the United States of America has been duped of his hard earned money by Polaris Bank. The customer (names withheld) had visited a Polaris Bank branch at Montgomery, Yaba Lagos, to request for an ATM card on his arrival to Nigeria. After filling and signing all necessary documents, the customer was told to come back after two days for the collection of his card. But the… Continue Reading

Access Bank Records 58% Profit Growth in FY 2018

Access Bank Plc has released its audited financial results for the full year (FY) ended December 31, 2018 showing an increase of 58% in Profit after Tax (PAT) to N95.0 billion from N60.1 billion in the corresponding period of 2017. The Bank’s audited results which was released to The Nigerian Stock Exchange on Friday also showed that Gross Earnings rose 15% to 528.7 billion in FY 2018, compared to 459.1… Continue Reading

125 YEARS ANNIVERSARY: FIRSTBANK EMBARKS ON 125KM RELAY WALK TO GREATNESS,

On Saturday, 16 March 2019, Nigeria’s premier financial institution, First Bank of Nigeria Limited and other corporate entities in the FBNHoldings group would collectively have a 125km Relay Walk to celebrate the Bank’s 125 years of unbroken business operations in commemoration of its 125 years anniversary. Following the flag hoisting ceremony, the anniversary activities curtain raiser event that held on 1 March 2019, the 125km Relay Walk which is to… Continue Reading

Wema Bank to Boost Nigeria’s Tech Sector with Its Own Hackathon – Hackaholics

Advances in banking and nancial technology mean more ecient solutions in dealing with the demands of an evolving market. As a bank marked with an identity of innovation, Wema Bank is a proven incubator of inventions and creative ideas, traits that continue to remain the hallmark of its operations long after its establishment in 1945. In proof of its promotion of innovation, Wema Bank launched Nigeria’s rst fully digital bank,… Continue Reading

GTBank Releases 2018 Full Year Audited Results….Reports Profit Before Tax Of ₦215.6 Billion

Guaranty Trust Bank plc has released its audited financial results for the year ended December 31, 2018 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial metrics and improved strategic positioning of the brand. Gross earnings for the year grew by 3.7% to ₦434.7billion from ₦419.2billion reported in the December 2017. Profit before tax stood at ₦215.6billion, representing a growth of… Continue Reading

FIRSTBANK MARCHES ON, BRINGS THE WORLD TO A STANDSTILL

Nigeria’s Premier financial institution and iconic banking Brand, First Bank of Nigeria Limited had the world stand still on Friday, 1 March 2019, as it held its symbolic flag hoisting ceremony across Nigeria and other countries where it does business. The celebratory flag hoisting officially flags off the bank’s commemoration of attaining the milestone year of 125. The event was also to reinforce the Bank’s continuous march to greatness; a… Continue Reading

First Bank Celebrates @125

First Bank of Nigeria Limited on Friday said that it would remain committed to the development and growth of Nigeria as well as the financial industry through enhanced service delivery. Dr Adesola Adeduntan, the bank’s Chief Executive Officer, said this at its 125 years anniversary flag hoisting in Lagos. Adeduntan said that the bank, a long-standing institution, had impacted the nation and the world through various financial products and services…. Continue Reading

UBA Group Launches Full Banking Operations in the UK

London, March 1, 2019, three weeks after the UBA group launched its operations in Mali, the global financial city of London hosted a high level gathering of business and public sector leaders on Thursday February 28, 2019, as the new UBA franchise, UBA UK was formally birthed in the United Kingdom amidst high expectations. At the upscale ceremony which held at The Prestigious Shard in the city of London, UBA UK was… Continue Reading

Zenith Bank’s Improved PBT Of N232 Billion Excites Shareholders, With Dividend Offer Of N2.80 Per Share

In a clear show of its resilience and strong market share, Zenith Bank has announced an impressive result for the year ended December 31, 2018 with profit before tax (PBT) rising to N232 billion for the 12 months ended December 31, 2018. Also, in demonstration of its commitment to its shareholders, the bank has announced a proposed final dividend pay-out of N2.50 per share, bringing the total dividend to N2.80… Continue Reading

How Leo won a million hearts in 12 months…More than one million Africans now bank on Leo

With ever-increasing customer expectations of quick service and near real-time transactional support, United Bank for Africa (UBA) committed resources to Artificial Intelligence (AI) a year ago, birthing Leo, a Banking Chatbot that helps customers carry out key banking transactions anywhere, using mobile devices and personal computers.  Leo can be accessed via Facebook or WhatsApp. “Our customers are increasingly asking for mobile services that make their lives easier, and Leo is… Continue Reading

NIGERIA NOW ON GROWTH TRAJECTORY, SAYS JIM OVIA

The Chairman of Zenith Bank Plc, Mr. Jim Ovia (CON), has lauded the federal government’s economic team for pulling the economy out of economic recession, acknowledging that the country’s economic outlook shows that it is now on a growth trajectory. Giving his goodwill message at the Deloitte in Dialogue Nigeria Economic Outlook 2019 event on Thursday, January 31, 2019 at the Civic Centre in Lagos, the Chairman of Zenith Bank,… Continue Reading

Zenith Bank pioneers account blocking with code *966*911#

Poised to ensure its customers are protected and operate their accounts in a safe and secure environment, Zenith Bank has scored yet another first with the introduction of Account Blocking code *966*911#. A statement by the bank at the weekend said customers who suspect their accounts have been compromised, or who lost/misplaced their debit (ATM) cards can dial the Block Account Code *966*911# on the phone numbers registered with the… Continue Reading

FirstBankIssaVybe Is A Case Study For Any Brand – Folake Ani-Mumuney

In December 2018, First Bank promoted a social media campaign tagged; #FirstBankIssaVybe, #DecemberIssaVybe. It involved massive ticket giveaways to premium events in Lagos including the First Bank sponsored Burna Live. Over 500 mostly VIP tickets, which cost from N15,000 to N50,000 – were given away and money raised for Down Syndrome when tickets to Burna Boy’s concert were slashed to N125. The Group Head, Marketing and Corporate Communications of FirstBank, Folake Ani-Mumuney explains why #FirstBankIssaVybewas… Continue Reading

Sterling Bank customer petitions EFCC over million-naira fraud

The last may not have been heard on a case of alleged fraud involving Sterling Bank Plc and one of its customers, Providence Heights Secondary School Staff Welfare Association, as the latter has petitioned the Economic and Financial Crimes Commission to wade into the crisis. The Witness learnt. The customer had accused Sterling Bank of defrauding it to the tune of N1.2 million at the bank’s branch on Iju Road,… Continue Reading

Thank You for Choosing UBA……Kennedy Uzoka

 It is another year and a new year always brings new opportunities for us to show how much we appreciate you for being a part of the UBA family.  On behalf of the Executive Management and over 15,000 staff of the United Bank for Africa Group (UBA) in all our 23 Countries of operations, I’d like to thank you for giving us the opportunity to serve you throughout the years… Continue Reading

“STYLE BY ZENITH” DEBUTS IN LAGOS

Zenith Bank Plc is set to light up the social and entertainment scene this December with the launch of “Style by Zenith”. “Style by Zenith”, a flagship Lifestyle, Beauty, Fashion, Accessories and Entertainment fair, powered by Zenith bank in conjunction with Fashion One, a foremost international lifestyle and entertainment company, would hold in Lagos on Saturday, December 29 and Sunday, December 30, 2018 at the Open Ground by Four Points… Continue Reading

GTBank maintains leading position as Best Bank in Nigeria… Wins Bank of the Year, Sierra Leone

Foremost African financial institution, Guaranty Trust Bank Plc has won the award for “Bank of the Year Nigeria” for the second year in a row at The Banker’s Bank of the Year Awards, regarded as the industry standard for excellence within the global banking sector. Guaranty Trust Bank Sierra Leone Ltd, a subsidiary of Guaranty Trust Bank Plc, was also recognized as the “Bank of the Year Sierra Leone” at… Continue Reading

HI 2018: Fidelity Bank Sustains Growth Trajectory As Profits Soar By 27% To Close At N13bn

·        Gross Earnings hit N88.9bn ·        80% of Total transactions now digital Fidelity Bank Plc posted an impressive half year results for 2018, recording a double-digit growth in key revenue lines and achieving significant traction in her chosen business segments. Details of the audited half year results, for the period ended June 30, 2018, released at the Nigerian Stock Exchange (NSE) on Wednesday showed a 27.3 percent jump in Profit Before Tax… Continue Reading

UBA’s Leo launched on WhatsApp

Pan-African Financial Institution, United Bank for Africa (UBA) has announced the commencement of its chat bank ‘Leo’ on the WhatsApp platform.  With Leo on WhatsApp, customers who are users and lovers of the app can now can perform basic banking services including checking their balances on the go, transferring funds, paying bills, among other services.   The Group Managing Director/Chief Executive Officer, UBA, Mr. Kennedy Uzoka, who expressed excitement about the development remarked that the bank is continuously working in line with customers’… Continue Reading

Zenith Bank is for all irrespective of class or wealth…….Amangbo

Zenith Bank Plc has in 28 years grown to become one of the strongest and most profitable banks in Nigeria as well as in the entire Africa. The financial institution which was established in May 1990 and commenced operations in July of same year with N20 million, currently has total assets of N5.256 trillion (as at June 2018). The bank’s management team is made up of seasoned professionals led by… Continue Reading

80 Customers to become millionaires in UBA Wise Savers Promo… N120 Million up for grabs

In line with its tradition of deepening the savings culture by rewarding and encouraging its loyal customers, UBA has launched a new savings promo, UBA Wise Savers Promo. The promo which is scheduled to run till September 30, 2019, will give 80 people a whooping N1.5 million  each across all participating regions. The objective is intended to assist in growing the Bank’s savings deposit. Participation is open to both existing and… Continue Reading

Fidelity Bank Partners WorldRemit on Instant Money Transfer

WorldRemit has gone into collaboration with Fidelity Bank Plc to provide instant money transfers to customers of the bank. A statement from the bank explained that the new partnership further expands WorldRemit’s footprint in the country and allows the 15 million-Nigerian Diaspora to send money directly from their phones to recipients in Nigeria. According to the statement, the deal supports WorldRemit’s plan to serve 10 million customers connected to emerging… Continue Reading

Scam Alert: How Nigerians Lose N12.30 Billion to Bank Frauds

Despite the economic hardship Nigerians are subjected to, it is disheartening to note that the country’s banking sector has recorded up to 28% fraud cases in four years.  The sector reported more fraud cases as it lost a total of N12.30 billion to various frauds between 2014 and 2017. In terms of volume, the sector recoded 41,461 fraud cases during the year under review.  The breakdown of the fraud report… Continue Reading

GTBank Rallies Support for Children with Autism… Holds 8th Annual Autism Conference July 17-18

Foremost African financial institution, Guaranty Trust Bank plc, will hold the 8th edition of its Annual Autism Conference on Tuesday, July 17 and Wednesday July 18, 2018 at the MUSON Centre, Onikan, Lagos. Themed “Raising a Child with Autism, the Role of Family and the Community” the two-day conference is part of the Bank’s Annual Autism Program, which brings together globally renowned medical specialists, parents, caregivers, health practitioners and concerned members of the public to… Continue Reading

As Western lenders retreat, African banks see an opportunity

Their pan-continental plans have not paid off Yet ADE AYEYEMI’S office in Lomé, the capital of Togo, is a good place to think about crossing borders. Ghana is ten minutes’ drive away. From his window the boss of Ecobank can watch trucks rumble along the seafront, some bound for Burkina Faso, a day’s journey, or Mali, perhaps another day on. At night, cargo ships twinkle offshore. From here Ecobank’s vision—“to… Continue Reading

Re: Contempt Orders Against First Bank

RE:CONTEMPT ORDERS AGAINST FIRST BANK OF NIGERIA LIMITED AND ITS OFFICIALS BY HONOURABLE JUSTICE I.N BUBA OF THE FEDERAL HIGH COURT, LAGOS, OF 6TH JUNE, 2018 1. On 6th June, 2018, Honourable Justice I.N Buba of the Federal High Court, Lagos Judicial Division, granted a motion in SUIT NO: FHC/L/NRJ/1/2018 committing the Chairman and Managing Director of FirstBank of Nigeria Ltd. for contempt Ex Facie Curiae with respect to an order given… Continue Reading

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