BUSINESS

UBA Uganda has been crowned the winner of the Digital Impact Awards Africa (DIAA) Social Banking award for its ground breaking Innovation -LEO Chat banking, at an event held at Kampala Serena Hotel recently. The 2018 Digital Impact Awards (DIAA) themed: Include Everyone, recognized and rewarded individuals and organizations that …

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has commenced the 2018 edition of its annual National Essay Competition in Nigeria with a call for entries. The Essay Competition, targeted at senior secondary school students is organised annually as part of UBA Foundation’s …

Ecobank Nigeria has insisted that it will resist any attempt by one of its debtors, Honeywell Group to employ a “frivolous N72 billion” lawsuit to distract it from going ahead with the recovery of monies owed and overdue for payment by the company. It will be recalled that Honeywell Group …

The Central Bank of Nigeria (CBN) has withdrawn the license of Skye Bank Plc after two years of providing life line to the bank. CBN Governor, Godwin Emefiele while briefing journalists in Lagos said: “As a responsible and responsive regulator and in consultation with the Nigerian Deposit Insurance Corporation (NDIC), …

Fidelity Bank Plc, top Nigerian lender has restated its readiness to take full advantage of the new credit policy guideline recently released by the Central Bank of Nigeria (CBN) to support the growth of the agriculture and manufacturing sectors of the economy. The Bank’s Chief Executive Officer, Nnamdi Okonkwo, made …

Guaranty Trust Bank Plc, yesterday, released its audited financial results for the year ended December 31, 2017, to both the Nigerian Stock Exchange and London Stock Exchange, with gross earnings of N419.2 billion. The full year operations, which have been described as “positive performance” across all financial indices, also had …

A Federal High Court sitting in Ikoyi, Lagos, has ordered First Bank of Nigeria limited to pay messrs Olisa Agbakoba (SAN), a customer of the bank, the sum of N266, 368,454.85 as general damages against the bank for mismanaging the lawyer’s Share Portfolio Investment (margin loan) Account. This is a …

One of the big players in the banking sector in Nigeria, Zenith Bank Plc, is planning to increase its deposit base by 5 percent before the end of the 2018 financial year. Chief Financial Officer (CFO) of the financial institution, Mr Mukhtar Adam, made this disclosure recently while addressing an …

Ecobank Transnational Incorporated has appointed Mrs. Josephine Anan-Ankomah as its new Group Executive in charge of Commercial Banking, replacing Mrs. Laurence Do Rego. As a member of the Group Executive Committee, Mrs. Anan-Ankomah will report to the Group CEO and will be based in the Ecobank Group office in Lomé, …

In other to serve its numerous customers better, pan-African financial institution, United Bank for Africa (UBA) Plc has announced opening for business on Saturdays. In a notice to its customers on Friday, the lender, however, disclosed that banking operations on Saturdays would only be offered in “select branches across the …