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United Bank for Africa
The local bourse sustained its negative run on Thursday recording the fourth consecutive loss, following profit taking in Dangote Cement, Zenith Bank and United Bank for Africa stocks.
Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, on Friday announced the “unconditional acquisition” of a 45 percent participating interest in OML 17 through TNOG Oil and Gas Limited, their associated company.
Positive sentiments persisted on the Nigerian Stock Exchange on Wednesday with the All-Share Index extending growth by 0.11 per cent.
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.
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).
Nigerian Stock Exchange (NSE) on Thursday reversed its uptrend, dropping by N2 billion ahead of the Christmas celebration.
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.
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.
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.
The Coalition Against COVID-19 (CACOVID) has disclosed plan to spend N100 billion for the renovation and purchase of rifles at police stations that were recently destroyed by hoodlums in the wake of the protest against police brutality.
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.
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.
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.
Nigerian Stock Exchange closed southward on Tuesday for the second consecutive day, with market capitalisation shedding N279 billion.
The bulls continued to dominate activities on the Nigerian Stock Exchange (NSE) with the All-Share Index rising above the set five per cent threshold to trigger circuit breaker.
The Nigerian equities market resumed November trading with a loss of 0.17 per cent, halting the six-day bullish run on the back of profit taking.
Trading reopened on the Nigerian Stock Exchange (NSE) on Friday after Eid-el-Maolud celebration still on an upward trend, growing by N571 billion.
South Africa has signed an agreement with Johnson & Johnson to secure 11 million COVID-19 vaccine doses and will ease restrictions due to a decline in new cases, President Cyril Ramaphosa said on Sunday.
Ole Gunnar Solskjaer believes Manchester United are being negatively influenced by opposition managers referring to their penalty record after being denied a spot-kick in a 0-0 draw at Chelsea on Sunday.
Governor Bello Matawalle of Zamfara State has said that the abducted students of Government Science Secondary School, Jangebe, will be released very soon.
The Leader of INRI Evangelical Spiritual Church, Primate Elijah Ayodele, has once again knocked the President of Nigeria, Muhammadu Buhari, over the unsecured state of the country.
Following the gale of abductions of school children in the Northern part of the country, the National Association of Nigerian Student (NANS), has advised the federal government to list bandits perpetrating such horrendous crime as terrorists.
Bandits had stormed the Government Science College (GSC) Kagara, Rafi Local Government Area of Niger State, and kidnapped several students, members of staff, and some members of their families.
Liverpool are reportedly lining up Steven Gerrard as the club’s next manager, amid suggestions that current boss Jurgen Klopp will take the Germany job.
The House of Representatives said it is working on plans to amend the National Health Act towards making healthcare service affordable to Nigerians.
South Africa’s unemployment rate jumped to a record high in the fourth quarter of last year, the statistics agency said on Tuesday, as the economy was further battered by the COVID-19 pandemic.
Niger government says it has secured the released of students of Government Science College, Kagara in Rafi local government areas of the state.