The Federal High Court in Ikoyi, Lagos has ordered that a former Manager of Diamond Bank Plc., Chinedu Oguike, be remanded to prison custody over a N24 million fraud charge. Justice Abdul Aziz Anka gave the ruling on Tuesday when the defendant was arraigned by the Police Special Fraud Unit for a three-count charge bordering…
United Bank for Africa Plc (“UBA” or “the Bank”), announced its Audited 2016 Half Year Financial Results for the period ended 30 June 2016 showing the bank recorded gross earnings of N166 billion, net operating income of N109 billion and profit before tax of N40 billion. The bank also recorded a significant growth in total…
Outgoing Group Managing Director of pan-African banking group, United Bank for Africa (UBA) Plc Mr Philips Oduoza has called for increased collaboration among African central banks in order to drive intra-African trade on the continent. He said this on July 22, 2016 when he delivered the fourth Valedictory Lecture of the Chartered Institute of Bankers…
…Five year deal across 19 markets focused on driving financial inclusion in Africa United Bank Africa (UBA) and MasterCard have announced a partnership which will see UBA act as the issuer for MasterCard in 18 new markets in Africa. The partnership which came into effect in the second quarter of 2016 will see UBA issue…
….as UBA stock now best performing on the exchange Fitch International, one of the foremost global rating agencies has affirmed United Bank for Africa (UBA) Plc’s viability rating at “B”, as the pan-African banking group continue to sustain its benchmark asset quality and strong profitability amidst industry and macroeconomic challenges. UBA is one of the…
Financial industry watchers have continued to ponder over the sudden resignation of the key Board members of Skye Bank and the appointment of new ones by the Central Bank of Nigeria and the verdicts of top level bankers is that the development portends a dangerous and disturbing signal for the financial industry. A senior management…
Leading African businessman and philanthropist Tony O. Elumelu; Akin Adesina, President of the African Development Bank; Graca Machel, former first lady of Mozambique and widow of Nelson Mandela; Phillipe le Houerou, CEO of the International Finance Corporation and Tarek Sultan Al Esso, CEO and Vice Chairman of the Board Agility have been slated to co-chair…
In line with its corporate strategy of developing innovative solutions that drive economic development, Access Bank Plc hosted an innovation challenge where several ideas were pitched by participants with a view to finding solutions to problems in agriculture, transportation, security and power. The Access Bank Innovation Challenge is a competition that invites teams of contestants…
The prevailing economic downturn in the country is taking its toll on all the sectors of the economy as players in the various segments of the Nigerian economy are all feeling the negative impact of this harsh realities. And with the banking sector actively involved in the monetary operations of the economy, Global News can…
