United Bank
NSE extends gain, index rises further by 0.11 percent
Positive sentiments persisted on the Nigerian Stock Exchange on Wednesday with the All-Share Index extending growth by 0.11 per cent.
2021: Banks to walk a tightrope amid low revenue environment
Reason: the industry is faced with a tougher operating environment that could threaten the operators’ ability to meet their stakeholders’ needs and expectations yet perform meaningful corporate social responsibility roles.
Central bank asked to obey court order on N37.4 billion promissory notes
The Patriots for the Advancement Of Peace and Social Development (PAPS) has called on the Central Bank of Nigeria (CBN) to obey the orders of a Federal High Court, Abuja, restraining it from going ahead to process the N14.9billion promissory notes belonging to Zamfara State in favour of the United Bank for Africa (UBA).
Nigeria stock market advances by N214 billion
Nigeria extended bullish posture on Wednesday with the market capitalisation increasing further by N214 billion on sustained bargain hunting of blue chips.
Nigeria’s stock market closes for Christmas with N2 billion loss
Nigerian Stock Exchange (NSE) on Thursday reversed its uptrend, dropping by N2 billion ahead of the Christmas celebration.
Banks overwhelmed as Port Harcourt residents troop out for yuletide withdrawals
Many banks in different parts of Port Harcourt, the capital of Rivers State, were unable to meet cash demands of customers on Monday as residents trooped out in their numbers to withdraw money ahead of the Christmas and New Year festivities.
NSE market indices drop further 0.09%
The Nigerian Stock Exchange (NSE) market indicators on Tuesday dropped further by 0.09 per cent on sustained profit taking embarked on by some investors.
UBA chief Kennedy Uzoka bags Zik Leadership Award
Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Kennedy Uzoka, was on Sunday night presented with The Zik Prize for Professional Leadership. g
2020: Six Nigerian banks boost economy with N1.3 trillion credits
Efforts to grow the nation’s economy has received a boost from the banking sector as six leading banks injected additional N1.337 trillion through loans and advances to their customers across all sectors of the economy between January and September 2020.
UBA clinches ‘Bank of the Year 2020’ award in six countries
In obvious recognition of its brand acceptance and its role in facilitating economic development across Africa, six subsidiaries of pan African financial institution, United Bank for Africa (UBA) Plc have been named ‘Bank of the Year 2020’ by the Banker Magazine, leading global finance news publication published by Financial Times of London.
Nigeria stock market resumes December with N55 billion gain
The Nigeria stock market on Tuesday sustained bullish sentiment to open the month of December with N55 billion growth due to buying interests in Tier 1 banks.
Abductors of two reverend sisters, driver to die by hanging
Abductors of two Reverend sisters and their driver along the Benin/ Ore/ Lagos highway, in Ondo state four years ago have been sentenced to death by hanging.
NSE sustains positive momentum with 0.10% growth
The Nigerian Stock Exchange (NSE) on Thursday sustained positive momentum with a growth of 0.10 per cent.
NSE opens week with 0.04 percent loss
The domestic equities market on Monday extended its losing streak with the All-Share Index dropping by 0.04 per cent, as the country officially entered recession.
Zenith Bank, UBA post N963.4 billion gross earnings, N236 billion profit
Zenith Bank Plc and United Bank for Africa (UBA) Plc, pan-African financial institutions, have reported a combined gross earnings of N963.375 billion and profit after tax (PAT) of N236.132 billion for the nine months ended September 30, 2020 despite the challenging operating environment.
Nigeria stock market loses N265 billion on banks’ unimpressive Q3 results
The Nigerian Stock Exchange market indicators on Friday dropped further by 1.46 per cent due to unimpressive third quarter results released by some banks.
UBA grows gross earnings to N454.4 billion in Q3 2020
United Bank for Africa (UBA) has announced a 5.99 percent growth in gross earnings from N428.7 billion in September 2019 to N454.4 billion in 2020.
Nestle, Dangote top losers as Nigerian stocks lose N279 billion
Nigerian Stock Exchange closed southward on Tuesday for the second consecutive day, with market capitalisation shedding N279 billion.
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Police uncover new dimension of fraud, arrest two
Mohammed said the syndicates migrate from one State to the other with same method of defrauding their unsuspecting victims after getting their vital information through bogus links or fake investment adverts on social media platforms.
Two women nabbed for disfiguring 10-year-old house help with hot water
Two women, Nneka Ayaene and Chineye Okoh, have been nabbed by operatives of the Anambra State Police Command for disfiguring a 10-year-old house help, Chidinma Nworie Ani, with hot water.
Arsenal reach agreement with Mesut Özil to terminate contract
Arsenal have came to an agreement in principle with Mesut Özil to terminate his contract with immediate effect, per The Athletic.
Liverpool linked with a move for Rodrigo de Paul
Earlier this month, we covered a report from England linking the player with a move to Anfield and now Corriere dello Sport have picked up on those claims as well.
NCAC, NYSC partner to promote peace, national harmony
The Director General of the National Council for Arts and Culture (NCAC), Otunba Segun Runsewe, has pledged his commitment to partner with the National Youth Service Corps (NYSC) in the task of uniting Nigeria and bringing sustainable peace and social harmony in the country.
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CIBN boss optimistic banks will facilitate AfCFTA success
Mr Bayo Olugbemi, President, Chartered Institute of Bankers of Nigeria (CIBN) says the banking sector in Nigeria has a good capital base to facilitate the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement.
Rivers governor threatens to shut jetty over criminal activities
Governor Nyesom Wike of Rivers State has threatened to shut down the Bonny-Bille-Nembe Jetty in Port Harcourt which conveys travelers to various riverine communities in the state if cases of criminality or physical violence in the area continued.
South Africa police arrest thousands for not wearing masks
South African police have arrested more than 7,000 people caught without face masks in public since the end of December, the government said on Wednesday.
Bandits ask Niger communities to pay N5 million monthly to avoid attacks
The Banditry activities in Niger state have taken a different dimension as the bandits have now adopted a different approach of asking communities to contribute certain amount of money every month or risk attack.
South East governors, IPOB to have good rapport over security
Ven Sopuluchukwu Umeojiaku in Ezinifite, Aguata Local Government Area of Anambra State has urged the South East Governors to stop wasting further time in setting up what he called a strong and formidable regional security outfit like their counterparts in other geopolitical zones.