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United Bank for Africa Plc

The logo of the Nigerian Stock Exchange is pictured in Lagos, Nigeria, file. REUTERS-Afolabi Sotunde

NSE strengthens investor protection, upgrades X-Whistle

The Nigerian Stock Exchange (NSE) has announced the upgrade of its whistleblowing platform, X-Whistle.
The regional branch of West Africa’s BCEAO central bank has reopened in Mali for the first time since a military coup last week, Hamadoun Ba, the president of Mali’s banking lobby, told Reuters on Monday.

West Africa’s BCEAO central bank reopens in Mali for first time since coup

The regional branch of West Africa’s BCEAO central bank has reopened in Mali for the first time since a military coup last week, Hamadoun Ba, the president of Mali’s banking lobby, told Reuters on Monday.
Pan-African investment company, Heirs Holdings has announced the appointment of Dan Okeke as Group Executive Director.

Heirs Holdings names new group executive director

Pan-African investment company, Heirs Holdings, has announced the appointment of Dan Okeke as Group Executive Director.

Nigerian bank boosts oil production with $200 million facility

The United Bank for Africa Plc (UBA) has announced a $200 million facility support to boost Nigeria’s crude oil production capacity.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Banks implement new CBN guidelines on debt recovery

Deposit Money Banks on August 1 commenced the implementation of the Central Bank of Nigeria’s Global Standing Instruction which allows them to recover outstanding debts of debtors from other banks.
UBA - United Bank for Africa

UBA denies N41 billion fraud allegation

The United Bank for Africa Plc (UBA) has described as false the news making the rounds that some of its principal officers had been indicted in an alleged N41 billion fraud involving the defunct Nigerian Telecommunications Limited (NITEL).
Prof. Kemebradikumo Pondei, Acting Managing Director of Niger Delta Development Commission (NDDC) has promised sweeping changes in the commission.

Senate unveils fresh fraud allegations in NDDC

The management of the Niger Delta Development Commission, NDDC, is under fresh probe as the Senate said it had received fresh allegations against it.
UBA - United Bank for Africa

UBA announces global management appointments

The United Bank for Africa Plc (UBA) has announced the appointments of Rokia Hacko, Chioma Mang, Chinedu Obeta, Bode Aregbesola, Kingsley Ulinfun and Usman Isiaka as chief executive officers of six of its 20 subsidiaries across Africa, subject to regulatory approvals.
UBA - United Bank for Africa

UBA Group appoints deputy managing directors

The United Bank for Africa Plc (UBA), a pan-African financial services group, on Tuesday announced the appointments of Mr Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors.
The Central Bank of Nigeria (CBN) as said that its staff in Jos Branch, on Tuesday averted what would have been another major fire disaster in the country.

Central bank, bankers committee suspend planned lay-offs in banks

The Spokesman of CBN, Isaac Okorafor in a statement said a special meeting of the Bankers’ Committee was convened on May 2, 2020, to further review the implications of the COVID-19 pandemic on the Nigerian banking industry.
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.

Paris Club refund: Court orders Katsina to pay firm N13.3 billion

The Federal High Court, Abuja, has ordered the Katsina State Government to pay a firm, Mauritz Walton Nigerian Ltd, N13.3 billion for the debt management services it rendered to the state.

UBA, Transcorp postpone annual general meetings

United Bank for Africa (UBA) and Transcorp have announced the cancellation of their 2019 Annual General Meetings (AGMs) to prevent the spread of COVID-19.
UBA - United Bank for Africa

UBA posts N89.1 billion profit after tax in 2019

United Bank of Nigeria (UBA) Plc has posted a profit after tax of N89.1 billion for the financial year ended Dec. 31, 2019.
UBA - United Bank for Africa

UBA announces board appointments

The United Bank for Africa (UBA) Plc has announced the appointments of Aisha Hassan-Baba and Kenneth Orji as Non-Executive Directors on the Group’s Board.

Nigerian banks attract $4.74 billion foreign investments in six months

Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn.
A former Independent National Electoral Commission (INEC) Chairman Prof. Maurice Iwu has arrived the Federal High Court in Lagos for his arraignment.

Former INEC chief challenges court’s jurisdiction in ‘N1.23 billion fraud’ suit

A former Chairman of the Independent National Electoral Commission (INEC), Prof Maurice Iwu, yesterday said he had filed a motion challenging the Federal High Court’s jurisdiction to hear his N1.23 billion fraud charge against him.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Bank server hacked, company’s N752 million stolen – auditor tells court

A Federal High Court in Lagos has heard how thieves hacked United Bank for Africa (UBA) Plc computers and stole N752 million from a Flour Mills of Nigeria Plc, account.

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WAEC releases 2020 SSSCE results next week

The West African Examinations Council has said the results of the 2020 Senior Secondary School Certificate Examination would be released next week.

Man bags five-year jail term for possession of hard drug

A Federal High Court sitting in Kano, on Wednesday, sentenced a 20-year-old man, Suleiman Isa, to five year imprisonment for beign in possession of 16 kilogramme of cannabis sativa and other narcotic substances.

‘Cultists’ kill one, maim widow in Akwa Ibom

However, it was gathered that the Widow was attacked on Monday when she left the Internally Displaced Persons (IDPs) camp, in Church premises, where most of them that fled the community are taking refuge following the violent activities of rival cult groups Debam and Iceland, to her farm in Inen community to look for food for her hungry children.
Ahmed Musa

Super Eagles skipper reveals next destination after Saudi club exit

Former Leicester City and CSKA Moscow forward Ahmed Musa said he is aiming to return to Europe after departing Saudi Professional League club Al Nassr.
The Central Student Disciplinary Committee, CSDC, of the University of Ibadan, UI, has meted various punishments to 22 erring students of different departments.

University of Ibadan staff protest alleged imposition of vice-chancellorship candidates

Some workers at the University of Ibadan in Oyo State on Wednesday protested the selection process for the position of Vice-Chancellor of the institution.