United Bank for Africa
NSE’s capitalisation drops further by N112bn on profit taking
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.
TNOG acquires 45% of OML 17 from Shell, Total, ENI
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.
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
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.
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.
CACOVID to rebuild, equip damaged police stations with N100 billion
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.
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.
Bulls on rampage, NSE market indices up 6.23 percent
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.
Nigeria stock market opens November with 0.17% loss
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.
Nigeria stock market gains N571 billion in bullish trading
Trading reopened on the Nigerian Stock Exchange (NSE) on Friday after Eid-el-Maolud celebration still on an upward trend, growing by N571 billion.
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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.
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South Africa’s unemployment rate jumps to new record high
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Niger govt says it secured release of Kagara students
Niger government says it has secured the released of students of Government Science College, Kagara in Rafi local government areas of the state.