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Senate Orders CBN to Suspend ATM Card Maintenance Charges

(AFRICAN EXAMINER) – The Senate has passed a resolution calling on the Central Bank of Nigeria (CBN) to suspend the Automated Teller Machine (ATM) card maintenance charges being deducted from customers. The resolution was made known Wednesday via a tweet from @SPNigeria. It came as part of a motion on the illicit and excessive bank charges […]

UBA Shows Resilience As Gross Earnings Hit N375 Billion

Photo: Group Managing Director/CEO, UBA Plc, Kennedy Uzoka …Group Profit Of N79 Billion (AFRICAN EXAMINER) – United Bank for Africa Plc, the pan African financial institution with presence in 20 African countries has announced its unaudited 2018 Third Quarter Financial Results, with impressive growth in Gross Earnings, which berthed at N374.8 billion, an 12.3 percent increase […]

HI 2018: Fidelity Bank Sustains Growth Trajectory as Profits Soar by 27% to close at N13bn

…Gross Earnings hit N88.9bn …80% of Total transactions now digital (AFRICAN EXAMINER) –  Fidelity Bank Plc posted an impressive half year results for 2018, recording a double-digit growth in key revenue lines and achieving significant traction in her chosen business segments. Details of the audited half year results, for the period ended June 30, 2018, […]

Group Alleges Fraud in Skye Bank License Revocation, Acquisition

(AFRICAN EXAMINER) – The recent revocation of Skye Bank’s Operational license by Central Bank of Nigeria (CBN) and subsequent acquisition by Polaris Bank Limited have been strongly criticized over lack of transparency and due diligence. Mr Luqman Soliu, President, Rights and Freedom Advocates (RIFA) in a statement made available to African Examiner alleged scam in […]

CBN Revokes Skye Bank Licence, Announces New Owner

By Niyi Adeyi LAGOS, NIGERIA (AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has revoked the operating licence of Skye Bank Plc. The CBN Governor, who announced this Friday in Lagos at a press conference, said the apex action’s was with immediate effect. Following the development, Emefiele confirmed that the Bank has been taken […]

False Video: Fidelity Bank Says No Staff Ordered Attack on Customers

(AFRICAN EXAMINER) – Fidelity Bank has reacted to a video going viral on social media saying no staff of the bank ordered any violence against customers as alleged in the video. A statement issued by Mr Charles Aigbe Divisional Head, Brand and Communication, explained that “the two individuals featured in the video were suspected of […]

UBA’s Leo Launched on WhatsApp

Pan-African Financial Institution, United Bank for Africa (UBA) who recently clinched the Euromoney awards as the Best Digital Bank in Africa, is once again asserting itself as a pace setter, moving in leaps and bounds in unchartered territory. UBA’s chat banker, Leo has launched in pilot mode on WhatsApp and will be fully available to […]

CBN Boosts Forex Market With $210 Million

(AFRICAN EXAMINER) –  Mr Isaac Okorafor, Acting Director, Corporate Communications, Central Bank of Nigeria (CBN) said the apex bank boosted the foreign exchange market with 210 million dollars to meet customers’ requests in various segments. Okoroafor said this in a statement on Wednesday in Abuja. According to him, the bank, in its desire to meet […]

Panel Recovers N2.1Bn Fraudulently Stashed in Heritage Bank

…Other Properties Recovered too (AFRICAN EXAMINER) – The Special Presidential Investigation Panel (SPIP) for the Recovery of Public Property says it has recovered seven dollars million (N2.1 billion at official rate) illegally stashed in Heritage Bank. Chairman of the panel, Mr Okoi Obono-Obla, disclosed this while briefing President Muhammadu Buhari on activities of the panel. […]

Fidelity Bank collaborates with NGOs Ahead of 2018 World Sickle Cell Day

 Photo: L-R: Director, Sickle Cell Foundation of Nigeria, Ayo Otaigbe; Head, Human Resource Recruitment/ CSR & Sustainability, Fidelity Bank Plc. Chris Nnakwe; Chairperson, Coalition of Sickle cell NGOs Toyin Adesola; Product Manager, Electronic Banking, Fidelity Bank Plc. Daniel Azike during a press briefing in Lagos. (AFRICAN EXAMINER) – Fidelity Bank Plc has partnered with Coalition of Sickle […]

Buhari Appoints New CBN Deputy Governor

(AFRICAN EXAMINER) – President Muhammadu Buhari has approved the appointment of Mr. Folashodun Adebisi Shonubi as Deputy Governor at the Central Bank of Nigeria. Mr. Folashodun Shonubi is currently the Managing Director of the Nigeria Inter-Bank Settlement System Plc (NIBSS) – the financial payments, facilitation and settlement platform – which has been instrumental to the growth […]

Taraba First Lady Hails Fidelity Bank Over Donation to Children with Disabilities

Photo: L-R: Commissioner, Urban & Regional Planning, Taraba, Hon. Hassan Beppah; Principal, Precious Kids School, James Ayagwa; Branch Leader, Jalingo, Fidelity Bank Plc, Kabir Abdurrahman; Head, Corporate Social Responsibility & Sustainability, Fidelity Bank Plc, Chris Nnakwe; Taraba Firstlady, Barr. Anna Ishaku and Regional Bank Head (RBH), North East, Musa Tarimbuka. (AFRICAN EXAMINER) – Fidelity Bank Plc, in […]

UBA Kenya to Leverage on Group’s Capacity to Finance Large Transactions

Nairobi, Kenya (AFRICAN EXAMINER) –  United Bank for Africa, a leading pan-African financial institution with operations in 20 African countries has assured the players in the private and public sectors in East Africa’s largest economy that its Kenyan franchise is ready and committed to finance key projects and business transactions capable of galvanising the economic […]

CBN Captures 31 Million Nigerians in BVN Project

(AFRICAN EXAMINER) – The Central Bank of Nigeria (CBN) has captured no fewer than 31 million account customers in its Bank Verification Number (BVN) project aimed at ensuring unique identifier in the Nigerian banking industry. CBN Director, Banking and Payment System, Mr Dipo Fatokun, disclosed this in a paper titled, `Nigeria’s progress towards the creation […]

At Annual Chairman’s Forum, UBA Seeks Strengthening of Corporate Governance

(AFRICAN EXAMINER) – Pan- African financial Institution, United Bank for Africa Plc, last thursday,  ended its annual Group Chairman’s Forum, a platform for group integration, re-strategising and knowledge sharing with the overall aim of putting the bank on firm standing to actualize its goals and targets for the financial year. The theme of this year’s […]

FirstBank Empowers SMEs and Youths in Lagos, Benin

(AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s number one SME Bank is hosting the SMEConnect Series – a multi-pronged SME support programme developed by the Bank to chart a veritable course for SME development, emphasizing boundless opportunities for entrepreneurial business development.   The programme includes open seminars to build capacity; sector-specific industry forums; […]

UBA Celebrates Africa, Honors Staff at 2018 CEO Awards

(L-R) Chairman, Forte Oil Plc, Mr Femi Otedola; President, Dangote Industries, Alhaji Aliko Dangote; GMD/CEO, UBA, Mr. Kennedy Uzoka; Senator Mohammed Daggash; and Chairman, UBA, Mr. Tony Elumelu, at the 2018 UBA CEO Awards at Eko Hotel, Lagos — (AFRICAN EXAMINER) – It was a fun night of  glamour and electrifying excitement as Pan African […]

UBA Meets NSE’s Stringent Conditions, Lists on Elite Premium Board

Photo: L-R: Chairman, UBA, Mr. Tony Elumelu; CEO, Nigerian Stock Exchange, Mr. Oscar Onyeama and Group Managing Director/CEO, UBA,  Mr. Kennedy Uzoka. (AFRICAN EXAMINER) – The Nigerian Stock Exchange on Monday migrated the ordinary shares of United Bank for Africa (UBA) Plc to its Premium Board, in what capital market analysts describe as an attestation to […]

ANALYSIS: Sekibo’s Alleged Many Frauds and Heritage Bank

Photo: Embattled Heritage Bank MD/CEO, Mr. Ifiesimama Sekibo BALTIMORE, MD (AFRICAN EXAMINER) – The misfortune which has since befallen the Heritage Bank Plc after it opened to customers for full operations, till present, effectively cannot be isolated from the many past but questionable business transactions involving its Managing Director/Chief Executive Officer, Mr. Ifiesimama Sekibo and some […]

Elumelu to Tour East Africa On Entrepreneurship, Infrastructure

LAGOS, NIGERIA – Entrepreneur, and philanthropist, Tony O. Elumelu will lead a 5-day working visit to East Africa, where he will meet with national leaders of Kenya and Uganda. In his capacity as Chairman of United Bank for Africa (UBA), Mr. Elumelu will travel to Uganda (April 10) and Kenya (April 12) to meet with […]

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