Just as many Nigerians are trooping in their millions into the MMM scheme and making millionsof Naira every day, others who are not already into MMM have joined other money-spinning Ponzi schemes like Winthrills ,Ultimate Cycler, Givers Forum,Crowd Rising and many others; but the negative effect of this fast money-making schemes is now being felt…
The die is cast. The reality sets in.There is tension in the land.The largest economy in Africa is in deep recession and the attendant effects of the development on various sectors of the economy is beginning to hit home as the banking industry -one of the biggest sub-sectors in the country – is set to…
The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a US$ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria. “The Fund will support development of productive sectors of the economy; particularly the power sector, Infrastructure, Women owned enterprises…
Pan-African financial services group, United Bank for Africa Plc repeated the outstanding feat, it recorded last year at the 2nd edition of Nigeria CFO awards, with a notch higher when its Group Chief Finance Officer (Group CFO) and the Finance Team bagged the treble at the awards night held on November 19, 2016 at Oriental…
Pan African banking Group, UBA has emerged the best institution in Corporate Social Responsibility (CSR) in West Africa. Its CSR arm; UBA Foundation won the best CSR/Sustainability, West Africa Award at the 10thSERAs (Social Enterprise Report Awards) ceremony which held at the Muson Centre in Lagos Nigeria on Friday November 11, 2016. UBA Foundation, beat…
Access Bank Plc has announced animpressive profit of N72 billion for the nine months ended 30 September 2016 basedon enhanced business efficiency as a result of the effective execution of its long-termstrategy. The Bank’s Profit Before Tax (PBT) showed an increase of 19% from N60.4 billionrecorded during the same period in 2015. Profit After Tax…
United Bank for Africa has continued to receive accolades and global recognition for its commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services to its customers. The pan African banking Group was adjudged winner in two categories at the recently concluded Finacle Client Innovation Awards 2016, organised in…
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…
