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UBA Grows Profit to N62 Billion in Nine Months


BALTIMORE, MD (AFRICAN EXAMINER) – Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (“UBA” or “the Bank”), announced its unaudited Third Quarter Financial Results, showing a 7% year-on-year growth in profit before tax to N62 billion despite the challenging macro-economic environment. This represents an impressive 18.2% annualized return on average equity. The Bank recorded an […]

UBA Wins Big at Annual Businessday Banking Awards 


LAGOS, NIGERIA (AFRICAN EXAMINER) – Pan-African banking group, United Bank for Africa (UBA) Plc at the weekend carted home two very important laurels at the annual Businessday Banking Awards, winning the Best Bank in Sub-Saharan Africa and the Best Bank in support of Agriculture. The first award, the “Best Bank in sub-Saharan Africa award is […]

Firstbank Names Patrick Iyamabo as New Chief Financial Officer


LAGOS, NIGERIA (AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, today announced the appointment of Mr. Patrick Iyamabo as its new Chief Financial Officer (CFO). The appointment follows the elevation of the former CFO, Dr. Adesola Adeduntan to Managing Director/CEO of the Bank. Mr. Iyamabo’ s […]

MTN Nigeria Ready To List Shares On NSE 2017


By Seun Adebosin (BALTIMORE, MD AFRICAN EXAMINER) – South African Telecommunications multinational – MTN Nigeria, has indicated readiness to list its shares on the Nigerian Stock Exchange (NSE). The company’s resolve on the move was contained in a statement issued Thursday and signed by its Public Relations and Protocol Manager, Mr. Funso Aina. Aina informed […]

CBN Dissolves Skye Bank Board Of Directors; Confirms Resignation Of CEO


BALTIMORE, MD (AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) Monday confirmed the resignation of Mr. Timothy Oguntayo as the Chief Executive Officer (CEO) of Skye Bank and his replacement with Mr. Tokunbo Abiru. The change of baton followed the dissolution by the CBN of the Bank’s Board of Directors and Management Monday. CBN […]

FirstBank Enhances Customers’ Experience with Bespoke Offerings


First Bank of Nigeria Limited, the most valuable bank brand in Nigeria, has created a value-chain of support for the interests and activities of its customers. With varying categories of products and services to support businesses across market segments, the Bank is set to ensure that its customers’ lifestyles align with their planned scripts for […]

FirstBank Raises the Bar for Small and Medium Scale Enterprises


Small and Medium Scale Enterprises (SMEs) are considered pivotal to national development, However, to what extent do they play  this role in ensuring the sustainable economic growth of the nation, especially at a time when the Nigerian government is looking to diversify its income stream. Presently, there are many SME entrepreneurs with a myriad of […]

UBA Appoints Five new Executive Directors to Group Board


Lagos, Nigeria, 17 May, 2016 – United Bank for Africa PLC, the leading pan Africa banking group, with operations in 19 African countries and presence in the London, Paris and New York, is pleased to announce the following executive management appointments, subject to the approval of the Central Bank of Nigeria:   Ayo Liadi;   Oliver Alawuba; […]

CBN Launches Special Investigation into Illicit Bank Transactions


By Ayo Balogun, Abuja ABUJA, NIGERIA (AFRICAN EXAMINER) –  The Central Bank of Nigeria has said it has begun investigation into questionable financial transactions in some commercial banks. A statement issued by the bank’s acting Director, Corporate Communications, Mr Isaac Okorafor, on Monday, said the apex bank is working in collaboration with law enforcement agencies […]

UBA to Expand Footprint to 25 African Countries


*As Elumelu reconfirms Africa network as strategic priority, pledges further capital for African growth The United Bank for Africa (UBA) Group recently held its first ever Senior Leadership Forum reflecting the strategic importance and growth potential of its pan-African business. UBA Group Chairman Mr. Tony O. Elumelu convened the Forum to review the impressive growth […]

Fidelity Bank Fires Okonkwo, Appoints Acting Managing Director


BALTIMORE, MD (AFRICAN EXAMINER) – The Board of Directors of Fidelity Bank has appointed Alhaji Mohammed Balarabe as the Acting Managing Director of the bank. Until his appointment, Alhaji Balarabe was the Executive Director, North. A statement issued on Monday by the bank said the appointment is with immediate effect but subject to regulatory approval. […]

UBA Chairman, Tony Elumelu Receives CGECI Lifetime Achievement Award in Abidjan


Abidjan, Côte D’Ivoire – At the 5th edition of the annual forum, CGECI Academy 2016, the Ivorian National Council of Employers, General Confederation of Enterprises of Côte d’Ivoire (CGECI) presented African businessman and investor, Tony Elumelu, with its 2016 CGECI Lifetime Achievement Award on April 21, 2016 in Abidjan, Côte d’Ivoire. The formal presentation was to […]

FirstBank Offers Exciting Educational Solutions to Schools


LAGOS, NIGERIA (AFRICAN EXAMINER) – It is the beginning of another school term with lots of preparations as students return to school after the holidays. First Bank of Nigeria Limited, Nigeria’s most valuable Bank brand is again set to support schools with their educational requirements to enhance preparations for the school year. The Bank’s support […]

Heritage Bank Solicits For Online Media; Other Stakeholders’ Support


A new money market brand, Heritage Bank, has solicited for more support from the stakeholders, as it thrives to consolidate its capital base, as well as serves its customers in line with the vision of the management of the repackaged financial institution. The Group Head, Media Relations and External Communications of the Bank, Mr. Igwe […]

First Bank, three other Nigerian banks in Global Top 500 Banking Brands


BALTIMORE, MD (AFRICAN EXAMINER) – First Bank of Nigeria Limited has retained its number one banking brand ranking in Nigeria for the fifth consecutive year in the 2016 The Banker and Brand Finance Top 500 Banking Brands in the world. According to the 2016 Top 500 banking brands ranking published in the February edition of […]

Relative Economic Slowdown in China May Endanger Africa, IMF warns


By Eric Ojo, Abuja The International Monetary Fund (IMF) has said that the ripples generated by the relative economic slowdown in China may have some negative impacts on the economies of countries in the African continent. The Fund noted that Africa is affected by changes in China’s economic dynamics because she is currently the continent’s […]

CBN Okays Foreign Currency Cash Deposits Into Dom Account, Stops Sale of Forex to BDCs

Godwin Emeifele

The Central Bank of Nigeria, CBN, has stopped, with immediate effect, the sale of foreign exchange, forex, to Bureaux de Change, BDCs, as part of measures to reduce the pressure on the nation’s foreign reserves. The reserves, which closed last year at $28.364 billion, dropped last weekend to $28.193 billion, showing a depletion by $170 […]

UBA Treats 20 Customers to an Unforgettable Holiday Experience in Dubai


It was a Friday evening at the international wing of the Murtala Mohammed International Airport (MMIA) and 20 lucky customers of United Bank for Africa (UBA) Plc were eagerly waiting for their flight. These were the people who received their Western Union and MoneyGram transfer at UBA during the UBA Remittance Awoof Promo. Their destination […]

TSA: CBN Imposes N4bn Fines On Skye Bank


BALTIMORE, MD (AFRICAN EXAMINER) – The Central Bank of Nigeria has imposed a N4 billion fine on Skye Bank Plc for failing to render appropriate returns on accounts of some government institutions and agencies. This is contained in a statement by Skye Bank to the Nigerian Stock Exchange. The bank said the fine imposed by […]

CBN Disagrees with FRC over Stanbic IBTC

Godwin Emeifele

The Central Bank of Nigeria on Tuesday faulted the regulatory decisions taken by the Financial Reporting Council of Nigeria against Stanbic IBTC Holdings Plc. The position of the CBN was contained in a letter written to the FRC dated November 2 and signed by the governor of the bank, Mr. Godwin Emefiele. The letter, with […]

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