BUSINESS

Zenith International Bank recently presented free eye glasses to 183 public primary school pupils in Lagos as part of its Corporate Social Responsibility (CSR) projects. The presentation of the eye glasses to the pupils took place at the Yaba LCDA Secretariat. The initiative was conducted by VisionSpring and Catholic Optical …

United Bank for Africa (UBA) and China Development Bank (CDB), the world’s largest development finance institution, has announced the signing of a $100 million seven-year loan agreement to finance the development of Small And Medium Enterprises (SMEs) in Africa. The $100 million loan will enhance UBA’s capacity to provide access …

Zenith Bank has been named ‘Best Company in Sustainability Reporting In Africa” at the 2017 Sustainability Enterprise Responsibility Awards, a CSR Awards, held at the weekend. Zenith Bank has blazed a trail with its 2016 Sustainability Report, titled: “Creating Wealth Sustainably,” being the first Sustainability report in Nigeria and indeed …

The United Bank for Africa (Ghana) Limited, recently won “Best Bank – Product Innovation and Services” for its innovative cash transfer product across Africa – Africash – at the just concluded Ghana Banking Awards which was held at the Labadi Beach Hotel in Accra. The prestigious annual event was first …

Emmanuel Alu, a customer of Union Bank recently emerged the lucky winner of a brand new MG3 car in the bank’s ongoing 100th Year Anniversary Data Enrichment Promo. Mr. Alu, a customer from Minna becomes the first customer to win one of three cars up for grabs in the Centenary …

United Bank for Africa (UBA) Plc, has emerged best institution in two esteemed categories at the Interswitch Awards and Gala. UBA beat other nominees in its category, taking away the prize for the Fastest Growing Bank Partner given to the bank with the most impressive performance in Verve card issuance …

Nigeria’s Guaranty Trust Bank’s (GTBank) offer to repurchase its $400 million six percent notes due 2018 has recorded 30.77 per cent success as only $123.066 million in aggregate principal amount of the offer was validly tendered before the deadline. In a notice released to the Nigerian Stock Exchange (NSE), the …

Amazon stock jumped 13.5% on FridayOctober27, 2017 after the company turned in another incredible earnings report – more than a quarter-billion dollars in profit in three months. Jeff Bezos owned nearly 80 million shares in Amazon (AMZN, Tech30) as of August, according to the most recent available data from FactSet. …

Nigeria’s first generation commercial banking group, United Bank for Africa (UBA) Plc has just released its audited half-year financial results for the first half of this year, showing remarkable performance across major performance indicators. The board of directors of the bank has declared interim dividend of 20 kobo per share, …

The company’s indebtedness to the lenders, they claimed stands as follows: Access Bank: N9, 278,404,445; Ecobank: N6, 257,203,229.21, FCMB: N441, 700,000; GTB: N618, 004,854.73 In a bid to recover an alleged debt of N16.5 billion, a consortium of four banks, through their Trustee, United Capital Trustees Limited and Receiver/Manager, Gbenga …