WEMA Bank Now Safe Haven for Looters And Money Launderers

Talk of a financial institution that currently has the least integrity when it comes to money laundering and looting, then you won’t be wrong to mention WEMA Bank. The bank has drastically lost its integrity, having become a cheap safe haven for looters. Apart from WEMA’s normal banking activities which is marred by many irregularities and hidden fraudulent activities (some are exposed already), the bank has become a Mecca of… 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

PRESS STATEMENT RE: FALSE REPORTING OF COURT PROCEEDINGS CONCERNING GTBANK

The attention of Guaranty Trust Bank Plc (“the Bank”) has been drawn to false, mischievous and malicious statements circulating in the news and social media in respect of a purported directive by the Supreme Court of Nigeria to the Bank to make payments to one of its debtor Customers. The Bank’s Customers and the General Public are hereby kindly urged to disregard these false statements as nothing could be further… Continue Reading

UBA to Reward Loyal Customers in ‘Refer-a-Friend’ campaign

Pan-African Financial Services Institution, United Bank for Africa (UBA) Plc will be rewarding its loyal customers who refer friends and family to the bank in its new diaspora campaign. The campaign is designed to reward customers of the bank who refer their Diaspora friends/relatives to open a UBA account. Specifically, this campaign will last for three months and the bank will be rewarding any customer who refers other customers with the reward of… Continue Reading

UBA Innovates with another first ‘UBA Learn’ targeted at empowering students

The pan-African Financial Institution, United Bank for Africa(UBA) has introduced a unique and innovative product, called ‘UBA Learn’ targeted at helping students achieve all round academic success.   The Product, an online Learning Platform for students powered by Roducate, was launched yesterday, May 17, 2018 with particular emphasis on helping students within the age range of 5-16years and 17-24 attain academic excellence, while ensuring that the parents and teachers keep track and monitor their… Continue Reading

UBA Holds 2018 Chairman’s Forum, Seeks Strengthening of Corporate Governance across Board

  Pan- African financial Institution, United Bank for Africa Plc, last thursday,  ended its annual Group Chairman’s Forum, a platform for group integration, re-strategising and knowledge sharing with the overall aim of puting the bank on firm standing to actualize its goals and targets for the financial year. The theme of this year’s forum was focused on three main areas:  ‘Efficient and effective communication across the group; Entrenchment of enduring… Continue Reading

GTBank Sponsors Nigeria’s Kid Inventors to Global Innovation Challenge

Four junior secondary school students in Nigeria have created a mobile app that could revolutionise agriculture globally. Sponsored by Guaranty Trust Bank plc, they are on the verge of making history at the globally renowned Conrad Challenge Annual Innovation Summit in Florida, USA. Aged between 12 and 14, Mordi Menashi, Gbemi Famobiwo, Afolabi Williams and Osagumwenro Ugbo, all from Whitesands School Lagos and known together as Team Neon, created a… Continue Reading

UBA Meets NSE’s Stringent Corporate Governance Conditions, Lists on NSE Premium Board:

The Nigerian Stock Exchange on Monday migrated the ordinary shares of United Bank for Africa (UBA) Plc to its Premium Board, in what capital market analysts describe as an attestation to the Bank’s strong adherence to international best practices on corporate governance.     The Premium Board is the newly created platform for elite companies that meet the most stringent corporate governance and listing standards of the Exchange. According to… Continue Reading

Heritage Bank, GAC Motors partner on affordable vehicle finance scheme

Heritage Bank Plc has entered into a strategic partnership with the Choice International Group (CIG) Motors Limited to introduce a new vehicle finance scheme aimed at assisting interested and pre-qualified customers to buy brand new GAC Vehicles with ease and at affordable prices. The initiative tagged: “Go CAR-razy,” was facilitated by the sole representative of GAC Motors in Nigeria known as CIG, which enables individuals who meet the prescribed conditions… Continue Reading

Zenith Bank MD, Peter Amangbo, Adaora Umeoji Not at War

Contrary to rumors and insinuation about alleged  cold war between   Zenith Bank Managing Director, Peter Amangbo and Deputy Managing Director, Adaora Umeoji, this magazine gathered that there is nothing like that between the two head honchos of the bank    Those who are in the know confirmed  to us that the alleged   war between the two top bankers is  just a figment of the imagination of bad people and enemies of progress who… Continue Reading

UBA Rewards High Performance, Promotes 2,000 Staff Across Africa

In line with its commitment to reward excellence and high performance, Pan-African financial institution, United Bank for Africa (UBA) Plc, has announced the promotion and elevation of about 2000 of its work force, representing about 17% of total staff strength across the group.   This is in recognition of the remarkable contribution the staff members have made to the bank’s business growth as highlighted by the impressive performance recorded in… Continue Reading

Octopus: Heritage Bank attains ISO 27001 Information Security Management Certification

Heritage Bank Plc, Nigeria’s most innovative banking service provider, has achieved the Information Security Management Certification from International Standards Organisation (ISO). This certification also known as the ISO 27001: 2013 is part of the ISO 27000 family of standards which helps organisations keep information assets secure. The certification was achieved on the heels of the bank’s drive to revolutionalise the banking sector digital experience with Octopus, by putting in place… Continue Reading

UBA Revolutionises eBanking, Introduces Leo, Chat Banking Personality on Social Media Platforms

Pan-African financial institution, United Bank for Africa (UBA), has today, changed the face of e-banking with the introduction of Leo, the UBA Chat Banker who enables customers make use of their social media accounts to carry out key banking transactions.   At the official launch of Leo, UBA’s Chat Banker, which took place in Lagos on Thursday, customers of the bank were given a step by step demonstration on the novel… Continue Reading

UBA Bags More Laurels as Group head of Marketing Wins Top Marketing Professional Award

Pan-African financial institution, United Bank for Africa Plc has continued to make waves on the continent adding more laurels to its ever-increasing list of achievements. The Bank’s Group Head, Marketing and Corporate Communications, Bola Atta was recognised as the Top Marketing Professional in West Africa at the 7th Marketing World Awards (MWA) & Marketing 360 Summit. The prestigious award was presented at the event which was held in Accra over the… Continue Reading

In 20 years, Zenith Bank’s shareholder value jumps from $4 million to $4 billion – Jim Ovia, CEO Zenith Bank

On CNN’s ‘Marketplace Africa’, host Zain Asher sits down with the founder and CEO of Zenith Bank to discuss the secrets of his success and the impact Nigeria’s recession had on business. Founder and CEO of Zenith Bank, Jim Ovia describes the bank’s successes over the last 27 years: “I started Zenith Bank in 1990 and 20 years later the Zenith Bank shareholder value is four billionUS dollars. From four million dollars… Continue Reading

2017 National Essay Competition: UBA Foundation Announces Call For Entries

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced the call for entries for the 2017 edition of its annual UBA Foundation National Essay Competition in Nigeria.   The essay competition which is put together for senior secondary school students is organized as part of UBA Foundation’s Education  initiative to promote a reading culture and encourage healthy and intellectual competition amongst secondary… Continue Reading

Press Release: Your UBA Card Can Be Used On Any Site, Anywhere

In our relentless bid to continuously provide excellent services to our customers, we work hard to protect your transactions and Identity. We recently sent you correspondence indicating that your cards would be protected from certain risky sites. We have listened to  you and have heard that this is not in line with your expectations. We have immediately made adjustments accordingly. Please be informed that all sites have been unblocked and… Continue Reading

Waging war Against Former Management Inimical to Bank’s Health – Bank official Counsels Skye Bank Management

A former management staff of First Bank plc. who recently retired from the leading bank has urged the management team of Syke Bank led by Tokunbo Abiru to concentrate on the task of taking the bank to the next level rather than dissipating energy in battles against the former Board and management of the bank.   “Since Tokunbo Abiru’s assumption of office as the managing director of Skye Bank, he… Continue Reading

GTBank Celebrates 10th Anniversary Of Listing On The London Stock Exchange

Foremost African financial institution, Guaranty Trust Bank plc, is celebrating the 10th anniversary of its listing on the London Stock Exchange whereby the Bank became the first Nigerian bank to be listed on the London Stock Exchange (LSE), the first to dual list on an international exchange and the first Nigerian company to raise international capital using listed Global Depositary Receipts. To mark the pioneering feat, the MD/ CEO of… Continue Reading

FAILED BANK:Skye Bank In Crisis….Can’t submit audited report as usual

In what many  financial analysts and key watchers in the banking sub-sector of the Nigerian economy have dubbed the beginning of the end, the litany of woes currently bedeviling Skye bank have now assumed a calamitous and disheartening dimension as the bank is now struggling to stay afloat.     According to Global News inside sources, the management of the company is battling to save its face from shareholders as… Continue Reading

UBA Wins Again! Emerges Financial Brand of the Decade

Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another laurel to its cap as it emerged the Financial Brand of the Decade at the Marketing Edge Awards which was held over the weekend. The award in recognition of UBA’s innovative and pacesetting role, is a product of painstaking review and assessment of the iconic contributions of the brand to the growth, development… Continue Reading

S&P assigns ‘B/B’ ratings and stable outlook on UBA Plc; at par with the Nigerian Sovereign

International Rating Agency, Standard and Poor’s (S&P) assigned its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for Africa (UBA) Plc, are at par with S&P ratings on the Nigerian Sovereign. More so, S&P’s ‘B’ rating is the highest rating currently assigned to any Nigerian-based financial institution, thus… Continue Reading

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