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FirstBank Appoints Abdullahi Ibrahim as Executive Director

Photo caption: Mr. Abdullahi Ibrahim (AFRICAN EXAMINER) – First Bank of Nigeria Limited, Nigeria’s most valuable banking brand and foremost financial institution, today announced the appointment of Mr. Abdullahi Ibrahim as an Executive Director. Prior to this appointment, Abdullahi was the Bank’s Group Executive, Retail Banking North. Mr. Ibrahim’s appointment is in sync with FirstBank’s strong […]

UBA Takes its Read Africa Initiative to Ghana

The UBA Foundation, the Corporate Social Responsibility arm of the United Bank for Africa (UBA) Plc, continued on its quest to educate and empower African youths as it visited the Accra High School in Ghana. UBA Foundation’s Read Africa Initiative was launched in 2011 and has been changing the lives of African students across the […]

Ex-Skye Bank Manager Jailed  for One Year over N200m Fraud

(AFRICAN EXAMINER) – The Economic and Financial Crimes Commission, EFCC has secured the conviction of Tajudeen Yusuf, a former branch manager of Skye Bank, Jos, before Justice Ambrose Alagwa of Federal High Court 1, Jos. The convict who was prosecuted on a 5-count charge, following a complaint by his employers, allegedly defrauded Alhaji Usman Tetengi, […]

UBA Emerges Financial Brand of the Decade

(AFRICAN EXAMINER) – Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another laurel to its cap as it emerged the Financial Brand of the Decade at the Marketing Edge Awards which was held over the weekend. The award in recognition of UBA’s innovative and pacesetting role, is […]

Heritage Bank Grows Agent Outlets to 400, Moves to Badagry

Photo caption: L-R: Roseline Hunyigan; Head of Agent Banking, Heritage Bank Plc, Yusuf Adeojo; an agent, owner of Thy Grace, Corner Shop, Hunyingan Mifrinso; Zonal Business Coordinator, South-West, South-South, Agent Banking, Heritage Bank, Oluwakemi Adewunmi and Experience Centre Manager, Daniel Ude, during the commissioning of Thy Grace one of Heritage Bank’s Corner Shop at Mowo Local […]

SunTrust Banks Denies Withholding NASS Members’ Salaries

(AFRICAN EXAMINER) – SunTrust Bank has debunked the claim that the bank failed to pay some staff of the National Assembly who protested non-payment of their salaries on Tuesday. It would be recalled that the protest by legislative aides was triggered by the death of Hassan Abiodun, an aide to the Deputy Speaker, Yusuf Suleiman […]

UBA Debut $500m Eurobond Oversubscribed 240% by Global Investors

…Further Validation Of UBA’s PAN-African Growth Strategy (AFRICAN EXAMINER) – United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a […]

Bridge Concept Leverage UBA Digital Banking Platforms, Introduces Naija Green Card  

Photo caption: L-R: Founder Naija Green Card, Abimbola Daramola  and Head Digital & Consumer Banking, United Bank for Africa (UBA) Group, Mr.  Yinka Adedeji, during the official launch of the Naija Green Card Prepaid Card at the UBA house, Lagos (AFRICAN EXAMINER) – In line with its business objective of enabling young Nigerians and students to […]

Heirs Holdings Announces Appointment of Group Chief Executive

Lagos, Nigeria: The Board of Heirs Holdings today announced the appointment of Emmanuel Nnorom as Group Chief Executive Officer. Mr Nnorom previously served as chief executive of Heirs Holdings’ affiliate Transnational Corporation of Nigeria Plc and will join the Heirs Holdings’ Board, reporting directly to the Group Chairman, Tony Elumelu. The appointment will take effect […]

S&P Assigns ‘B/B’ Ratings, Stable Outlook on UBA

(AFRICAN EXAMINER) – International Rating Agency, Standard and Poor’s (S&P) assigned  its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for Africa (UBA) Plc, are at par with S&P ratings on the Nigerian […]

Amid Economic Recession, UBA Promotes 3,000 Staff

Photo caption: UBA CEO, Kennedy Uzoka United Bank for Africa (UBA), Africa’s Global Bank operating in 19 African countries, has announced the promotion of 3,000 staff members, reinforcing its commitment to human capital investment and career progression, at the current challenging operating circumstances.  Promotions were made across UBA’s global network. In a letter written on […]

Fidelity Bank, Others Hold AGOA Workshop for Aba Leather, Garment Entrepreneurs

(AFRICAN EXAMINER) – As part of efforts aimed at boosting exports in Nigeria, Fidelity Bank has been in the vanguard of providing capacity building initiatives for customers and the business community across the country. To this end the bank in collaboration with the Nigerian Export Promotion Council (NEPC) and Ghanaian based West African Trade and […]

Finance Ministry Announces Development Bank  Management, Board Members  

(AFRICAN EXAMINER) – The Federal Ministry of Finance on has announced details of members of the board and management of the newly licensed Development Bank of Nigeria (DBN). The Management team is led by Mr. Tony Okpanachi, a banker and erstwhile Deputy Managing Director/Deputy CEO, Ecobank Nigeria Limited. Before his appointment as Managing Director/ CEO […]

FirstBank CEO, Adeduntan Named Leadership Banker of the Year

(AFRICAN EXAMINER) – Lagos, March 16, 2017 – Dr. Adesola Adeduntan, the Managing Director/CEO of First Bank of Nigeria Limited & Subsidiaries, has been named Banker of the Year in the Leadership Persons of the year award, 2016. The awards recognise and celebrate the significant performance of individuals, corporate, private and public organisations across sectors, […]

One Billion Naira Tax Evasion:  Enugu Government Seals off 8 Banks

IGNATIUS OKPARA, Enugu (African Examiner) –  The Enugu state government through its Board of Internal Revenue Monday sealed off eight commercial banks with a combined number of 36 network branches in the state over tax evasion. It said the financial institutions failed to remit over one billion naira (N1,000, 000, 000. 00) withholding tax. According […]

Whistle-Blower Policy Yields Recovery of $151m, N8b Looted Funds -FG

By Niyi Balogun LAGOS, NIGERIA (AFRICAN EXAMINER) – The recent Federal Government’s Whistle-blower policy has started yielding fruit, as sum of US$151 million and 8 billion Naira looted funds have been recovered. Minister of Information and Culture, Alhaji Lai Mohammed, who said this in a statement issued in Lagos Sunday, however clarify that the bogus […]

Firstbank Chairman, Awosika Speaks With CNN On Breaking The Glass Ceiling

Mrs. Ibukun Awosika, Chairman, First Bank of Nigeria Limited and renowned entrepreneur will be speaking with CNN’s Zain Asher on how she launched into Entrepreneurship before she turned 26.  Awosika who is also the first female chairman of Nigeria’s premier financial institution, First Bank of Nigeria Limited will  share  her challenges and how she was able […]

$30 Billion Loan Is Inevitable With Economic Recession – Odigie-Oyegun

By Ayodele Afolabi DELTA, NIGERIA (AFRICAN EXAMINER) – The National Chairman of the All Progressives Congress (APC), Chief John Odigie-Oyegun has defended the borrowing plans of the President Muhammadu Buhari-led administration, saying the facility is inevitable in view of the current economic realities in the country. Chief Odigie-Oyegun said Nigeria must borrow to invest in […]

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 […]

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