The Central Bank of Nigeria (CBN) has decided, in the interim, to keep the minimum loan-to-deposit (LDR) ratio for commercial and merchant banks at 65 per cent. The apex bank based its decision on what it described as a significant increase in credit to the private sector. It stated this in a letter to all […]
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United Bank for Africa Plc (UBA) has announced the appointment of Oliver Alawuba as its new CEO of UBA Africa, overseeing the bank’s 20 African country operations, ex-Nigeria. He succeeds Victor Osadolor, who retires from the Group Board, after 9 years of service working at UBA. UBA Africa serves over 19 million customers across the […]
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African richest man Aliko Dangote has significantly moved up in the World billionaires’ list as he emerged 96th richest person in the world, with an estimated worth of $14.8 billion, as against his previous ranking of 103rd in the world. Dangote, who remains the richest man in Africa for the 8th year running, was the […]
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The Nigerian Minister of Agriculture and Rural Development, Sabo Nanono, has said the Federal Government’s closure of the country’s border does not in any way breach the free trade agreement in the West African sub-region. The minister said on Sunday 15, December in Abuja that the measure was meant to protect the country and its […]
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The Banker Magazine has once again selected leading African financial institution, United Bank for Africa (UBA) Plc as the “African Bank of the Year 2019”. This is the second time, UBA has clinched the prestigious award, having been named Best African Bank of 2017 by The Banker magazine. This year, UBA also won best bank […]
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In recognotion of the important place of Micro, Small and Medium Enterprises (MSMEs) in the country’s the economy, Heritage Bank Plc has empowered over 2000 female entrepreneurs towards economic enablement and self-realization. This move is in line with the people-oriented policies of the Central Bank of Nigeria (CBN), Heritage Bank Plc is partnering with a […]
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Founder, Tony Elumelu Foundation (TEF) and Chairman, United Bank for Africa Group (UBA)Mr. Tony Elumelu, has tasked the African continent to ensure that job creation for the youth, inclusive growth, and gender diversity are priority areas for Africa’s development agenda, if the continent was to achieve peace and stability. He said this while speaking on […]
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Major banking institution, Heritage Bank Plc, has identified Nigeria’s Gold market worth £4 billion Pounds to have high prospects of profitability for all players in the subsector. The MD/CEO, Ifie Sekibo, who stated this at the Nigeria-Canada Investment Summit, held in Abuja, yesterday also disclosed that the enormous potential of the industry was one of […]
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Giant financial Institution, United Bank for Africa Plc got double honours on Sunday 10, November, as it emerged the Bank of the year 2019; while its Group Managing Director/Chief Executive Officer, Mr. Kennedy Uzoka, also emerged CEO of the year at the Business Hallmark Newspaper Awards, held at the Civic Centre in Lagos. Uzoka beat […]
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Major financial institution, United Bank for Africa (UBA) Plc, and global airline, British Airways have announced a collaboration to reward loyal customers who are cardholders of the Bank. The promo which will last for six months from November 2019, will witness UBA customers getting significant discounts when they purchase their British Airways tickets using their […]
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Wih Nigeria at the threshold of the much-needed agricultural revolution, as food production remains a significant challenge all over the world, hence, Heritage Bank Plc is forming alliance to further create formidable partnership arrangements with Sumitomo Corporation that will lead to impactful agribusiness within the segments of the agricultural value chain. This relationship that is […]
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Major financial institution, Union Bank of Nigerian Plc has released its third quarter September 30, 2019 unaudited results ended which showed a profit before tax of N15.6 billion, representing five per percent increase above N14.9 billion that was reported same period in 2018. Profit after tax was up by 4 percent from N14.7 billion in […]
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