BUSINESS

In furtherance of its efforts at promoting less use of cash and encourage payments on its Point of Sale Terminal (PoS) terminals, United Bank for Africa (UBA) has announced that it will be rewarding 25 customers with N100,000 each, when they make payments with their UBA cards on UBA POS …

Guaranty Trust Bank raised after tax profit by 13% to over N142 billion at the end of its third quarter operations in September 2018. The profit was built in the volatile earnings environment that has been ruling the banking business for the sixth year running. Interest income – the main …

United Bank for Africa Plc (UBA) has announced its unaudited third-quarter financial results, with growth in gross earnings at N374.8bn, an 12.3 per cent increase when compared to N333.9bn recorded in the corresponding period of 2017. According to the report filed to the Nigerian Stock Exchange on Monday October 15, …

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The Central Bank of Nigeria (CBN) has withdrawn the license of Skye Bank Plc after two years of providing life line to the bank.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 …