The Central Bank of Nigeria (CBN) has sanctioned some Deposit Money Banks (DMBs) for failing to make Naira notes available through Automated Teller Machines (ATMs) during the yuletide season. According to a statement by Hakama Sidi-Ali, CBN’s Director, Corporate Communications Department, this is a clear message of zero tolerance for cash flow disruptions. The affected […]
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United Bank for Africa (UBA) through UBA Foundation, its corporate social responsibility arm, has donated the sum of N500 million to the Lagos State Security Trust Fund (LSSTF), as part of its continued commitment to secure environment for individuals and businesses The N500m cheque was presented to the Lagos State Governor, Babajide Sanwo-Olu, by […]
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Nigeria’s major financial institution, Access Holdings Plc, has announced the completion of its acquisition of two additional banks in Angola and Sierra Leone. In a recent statement on the development, the bank said, ‘Further to our July 14, 2023 announcement regarding the above subject, Access Holdings PLC (‘Access Holdings’ or ‘the Company’) is pleased to […]
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A 16-year-old student of Everest Heights Int’l Academy, Gwagwalada, Abuja, Tehilah Isimah, has emerged as the overall winner of the 14th edition of the National Essay Competition (NEC) sponsored by the United Bank for Africa (UBA). Miss Isimah clinched the prize of N7.5 million educational grant, which will support her university education at any […]
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The Central Bank of Nigeria (CBN), on Friday, urged bank customers to report any difficulties withdrawing cash from bank branches or ATMs to the apex bank from December 1. This was disclosed by the apex bankGovernor, Olayemi Cardoso, during the 2024 annual bankers dinner in Lagos organised by the Chartered Institute of Bankers of Nigeria […]
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As part of President Bola Ahmed Tinubu’s state visit to France, the Chairman of UBA Group, Tony Elumelu, in the presence of President Tinubu and the President of France, Emmanuel Macron, signed a landmark business cooperation agreement with the French Finance Minister, Antoine Armand. The agreement is a significant indication of support by the French […]
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Africa’s richest man, Aliko Dangote, has praised the Wednesday ‘s N0vember 27th grand opening of Zenith Bank in Paris, France, as a symbol of national pride to Nigeria. His words, “This bank that you have opened here is not only for you but for all of us as Nigerians,” one of the world’s richest […]
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Nigeria’s highest authority making body, the Federal Executive Council (FEC) has proposed the sum of N47.9 trillion for the 2025 fiscal year for submission to the National Assembly on Monday. The Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this after the Council meeting chaired by President Bola Tinubu on Thursday at the Presidential […]
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Former Acting Executive Vice Chairman and CEO, Nigerian Communications Commission (NCC) and former EVC/CEO, National Agency for Science and Engineering Infrastructure (NASENI), Dr. Bashir Gwandu, has urged African countries to unite and work together to secure 600 megahertz (MHz) band mobile spectrum allocations. The independent telecom expert stated this at the just concluded 9th Sub-Sahara […]
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The General Overseer of the Redeemed Christian Church of God (RCCG), Pastor Enoch Adeboye, has urged Nigerians to pray for divine intervention in the face of efforts by unscrupulous oil marketers to thwart the operations of the Dangote Petroleum Refinery, following the previous sabotage of Nigeria’s four state-owned refineries. The respected clergyman made the call […]
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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced the appointment of Henrietta Ugboh as an Independent Non-Executive Director. The appointment has been approved by the relevant regulatory bodies, including the Central Bank of Nigeria. UBA’s Group Chairman, Tony Elumelu, CFR commenting on the appointment, said, “Henrietta Ugboh brings a track record of […]
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Chairperson, Heirs Insurance Brokers (a member of Heirs Insurance Group) and Chairperson Avon HMO, Dr. Awele V. Elumelu, OFR, at the recently concluded International Conference for Women in Insurance, , joined other female business leaders in the call for gender parity and more women in leadership in Nigeria’s insurance industry. Held at the Lagos Continental […]
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