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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 […]

Experts, Customers Admit Heritage Bank is Distressed

LAGOS, NIGERIA (AFRICAN EXAMINER) – The insolvency challenge presently confronting Heritage Bank is expected, given the unethical conducts by its topmost management members, thus it might require an extraordinary ”midas touch” for the commercial bank to get through its present mess, experts have declared. When AFRICAN EXAMINER further researched into the prevailing misfortune of the […]

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 […]

Customers in Panic Withdrawals As Fresh Problems Hit Heritage Bank

BALTIMORE, MD (AFRICAN EXAMINER) – Despite many denials of the management, Heritage Bank is still battling with the challenge of insolvency, financial problems, a development that has prompted customers to massively withdraw their money from the Bank. The financial problem with the Bank as reported recently in the media has also forced First Bank Plc, […]

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 […]

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