BUSINESS

How UBA Wins “Best Bank – Product Innovation And Services At 2017 Ghana Banking Awards

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 …

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Day Customer Wins Brand New Car In Union Bank’s 100th Year Anniversary Promo

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 …

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How UBA Emerges Best At Interswitch Awards

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 …

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GTBank’s $400m Debt-Repurchase Offer Records 30.77% Success …Appoints Mrs. Adefala As Non-Executive Director

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 …

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Bill Gates Dethroned As Jeff Bezos Becomes World’s Richest Person

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. …

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UBA Declares N7.26b Interim Dividend As Gross Earnings Hit N223b In First Half

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, …

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Banks Sue Firm Over N16.5billion Alleged Indebtedness

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 …

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Banks Sue Firm Over N16.5billion Alleged Indebtedness

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 …

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Zenith Bank, Delta Hail Standard Of Principals’ Cup

Sponsors of the rejuvenated Delta State Principals Cup for secondary schools, Zenith Bank Plc has commended the standard exhibited by the young ones in the keenly contested competition which comes to an end recently. Group Managing Director of Zenith, Peter Amangbo, said that the outfit was excited with the turn …

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GTBank’s ‘737’ Payment Channel Crosses N1trn Transactions

The Managing Director, Guaranty Trust Bank Plc (GTBank) , Mr Segun Agbaje has said lender’s ‘Bank 737’ electronic payment channel recorded a uptake of over 3 million customers and over N1 trillion in transactions in 2016. He noted that the bank’s electronic payment service has been recognised globally with several …

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