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UBA - United Bank for Africa

UBA donates N28.5 million to fight coronavirus in Kwara

The United Bank for Africa (UBA), on Monday, boosted the fight against coronavirus in Kwara with a donation of N28.5 million.
Zainab Ahmed

Nigeria: Banks, ATMs will function during lockdown

Nigeria’s Finance Minister, Zainab Ahmed, has stated President Muhammadu Buhari has allowed for skeletal operations in the financial system and money markets during the lockdown in Lagos, Abuja and Ogun.

Akinwumi Adesina hails Victor Oladokun as he retires as AfDB’s communications chief

President of African Development Bank (AfDB), Dr Akinwumi Adesina, has commended the outgoing Director of Communication and External Relations Department of the bank, Dr. Victor Oladokun, for his exceptional leadership.
South Africa’s rand traded slightly firmer early on Friday, recovering from a sharp dip in the previous session after the country confirmed its first case of coronavirus.

South Africa’s rand crashes to its lowest ever after Moody’s pulls the plug

South Africa’s rand plunged to an all-time low on Monday, falling below 18.00 to a dollar after ratings firm Moody’s cut the country’s last investment grade credit rating, adding to mounting panic about the coronavirus outbreak.

Nigeria’s central bank disinfects headquarters, branches

As the Federal Government, through the Federal Ministry of Health and the Nigeria Centre for Disease Control (NCDC), intensifies effort to check the spread of the novel Corona virus pandemic in the country, the Central Bank of Nigeria (CBN) has commenced the disinfection of its head office and 37 branches.
Mary Uduk - The Securities and Exchange Commission (SEC) has urged investors with multiple shareholding accounts to regularise such before December 31, 2019.

SEC unveils regulatory framework for crowdfunding

In a bid to further deepen the nation’s capital market and enable it provide development capital for medium and small-scale enterprises of the economy, the Securities and Exchange Commission (SEC), at the weekend unveiled an exposure draft of its regulatory framework for crowd funding in the country.
The bank asked Egyptian dealers to reduce the use of banknotes and rely on bank transfers and the use of electronic payment methods such as bank cards and mobile phone wallets, which have become available to all.

Egypt sets limits for bank withdrawals, deposits

The Central Bank of Egypt announced on Sunday that it will impose a temporary daily limit for withdrawals and cash deposits in bank branches to reduce the risks of the coronavirus, Al Arabiya reported.

DMO issues N968 billion promissory notes to oil marketers, states, others

The Debt Management Office (DMO) as at February 29, 2020 issued a total of N968,092,181,889.00 Promissory Notes to oil marketers, state governments, federal government agencies and exporters on behalf of the Federal Government of Nigeria (FGN).

First Bank closes physical branches

First Bank of Nigeria on Friday announced the closure of its physical branches in the light of Coronavirus (COVID-19) and the resultant lockdown in different states of the federation.
Sterling Bank Plc, has contributed N250 million as part of its commitment to the newly formed Nigerian Private Sector Coalition Against COVID-19 created to help channel resources to combat the coronavirus disease under the theme- “We need you.”

Sterling Bank donates N250 million to private sector coalition against virus pandemic

Sterling Bank Plc, has contributed N250 million as part of its commitment to the newly formed Nigerian Private Sector Coalition Against COVID-19 created to help channel resources to combat the coronavirus disease under the theme: “We need you.”
Ethiopia said on Friday the National Bank of Ethiopia plans to inject 15 billion Ethiopian birr ($456 million) as liquidity for private banks to cushion the economy over the impact of the coronavirus, state-affiliated Fana news agency reported.

National Bank of Ethiopia to inject $450 million as liquidity for private banks

Ethiopia said on Friday the National Bank of Ethiopia plans to inject 15 billion Ethiopian birr ($456 million) as liquidity for private banks to cushion the economy over the impact of the coronavirus, state-affiliated Fana news agency reported.
One of the victims of the fast-spreading coronavirus has reportedly died in Ghana, authorities have confirmed.

Nigerian bank shuts down office as staff tests positive for virus

As a responsible corporate entity, and in line with the collective resolve to fight the coronavirus (COVID-19) pandemic, Fidelity Bank Plc has announced that it’s Federal Secretariat, Abuja Business Office has been shut down.

Nigeria’s central bank halts forex sales to bureaux de change

The Central Bank of Nigeria (CBN) has suspended sales of foreign exchange to Bureau de Change (BDCs) until the COVID-19 pestilence is over.
UBA - United Bank for Africa

UBA commits N5 billion to fight coronavirus across Africa

The United Bank for Africa Plc (UBA) on Thursday announced a donation of over N5 billion ($14 million) through its UBA Foundation, to catalyse a comprehensive pan-African response to fight the COVID-19 global pandemic.
FATE Foundation has pledged a sum of N250 million to support Lagos and Ogun states in the fight against coronavirus (COVID-19) pandemic.

Foundation donates N250 million to Lagos, Ogun

FATE Foundation has pledged a sum of N250 million to support Lagos and Ogun states in the fight against coronavirus (COVID-19) pandemic.
President of the Senate Ahmad Lawan on Tuesday tasked top security officials to beef up security measures at the National Assembly.

National Assembly leadership meet ministers on planned 2020 budget review

The Leadership of the National Assembly on Wednesday held a meeting with some Ministers and Heads of agencies from the Executive arm of Government to brainstorm on the impact of Coronavirus pandemic on the Nigerian economy.
Zainab Ahmed, the minister of finance, budget and national planning, says state and local governments share some of the responsibility to fix roads in Nigeria.

Nigeria slashes oil benchmark to $30 per barrel

The Federal Government on Wednesday proposed the reduction of oil benchmark, upon which the 2020 budget was predicated, from $57 to $30 per barrel.
The Commissioner for Finance, Budget and Economic Planning, Asiwaju Idris, has disclosed that the FAAC allocation of March 23, 2020, for the month of February has fallen short of the State government’s expectations

Kogi government laments on low allocation

The Commissioner for Finance, Budget and Economic Planning, Asiwaju Idris, has disclosed that the FAAC allocation of March 23, 2020, for the month of February has fallen short of the State government’s expectations

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Tottenham Hotspur are reportedly interested in signing Queens Park Rangers forward Eberechi Eze in the summer.

QPR star Eberechi Eze undecided on international future

QPR playmaker Eberechi Eze said he is yet to make a decision on his international future with England and Nigeria hoping to secure his services.
Minister of Humanitarian Affairs Sadiya Umar Farouq

Cash transfer: Nigeria doles out N20, 000 each to 5, 000 FCT residents

The Federal Government has commenced payment of N20, 000 each to five thousand beneficiaries of its Conditional Cash Transfer (CCT) programme in the Federal Capital Territory (FCT).
Mr Olisa Ifeajika, Chief Press Secretary to Gov. Ifeanyi Okowa of Delta has donated sanitisers and other items to the people of his constituency, Illah, Oshimili North Local Government Area of the state.

Delta governor’s spokesman donates sanitisers, others to community

Mr Olisa Ifeajika, Chief Press Secretary to Gov. Ifeanyi Okowa of Delta has donated sanitisers and other items to the people of his constituency, Illah, Oshimili North Local Government Area of the state.
The United Arab Emirates has launched a drive-through coronavirus testing facility as part of the Gulf state’s efforts to fight the disease, the Abu Dhabi government’s media office announced.

Nigeria records 12 new coronavirus cases, total rise to 151

The Nigeria Centre for Disease Control (NCDC) released the new figures in a tweet on Wednesday, in its latest update on the disease.
Nigeria has confirmed 12 new casesof coronavirus with total number of cases in the country rising to 151.

Union demands life insurance, N100, 000 special coronavirus allowances for health workers

The Nigerian Union of Allied Health Professionals, NUAHP, on Wednesday, demanded life insurance scheme and immediate payment of N100, 000 special coronavirus allowances to all health workers at the frontline of the war against the disease as presently done to other health workers globally.