Monday, November 12, 2018

Tag "United Bank for Africa"

    UBA appoints new non-executive board members

UBA appoints new non-executive board members

The United Bank for Africa has appointed four new non-executive board members, subject to the approval of the Central Bank of Nigeria (CBN).The new board members are Erelu Angela Adebayo, Angela Aneke, Abdulqadir Jeli Bello and Isaac Olukayode Fasola.According to a statement released on Friday by the bank, the new board members were appointed to replace Rose Okwechime, Adekunle Olumide, [...]

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    Four banks pay N493.2m as fines in two years

Four banks pay N493.2m as fines in two years

Four commercial banks paid N493.27 million as fines in two years for going against the Banks and Other Financial Institutions Act.NAN reports that the affected banks are: United Bank for Africa, First City Monument Bank Group, Access Bank and Guaranty Trust Bank.A breakdown of the figure as contained in the banks’ annual reports showed that UBA paid the highest fine [...]

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    IT’S OFFICIAL: Zenith Bank now Nigeria’s largest bank by customer deposits

IT’S OFFICIAL: Zenith Bank now Nigeria’s largest bank by customer deposits

Zenith Bank, a Tier one bank, has displaced First Bank as the largest bank in the country in terms of its reported customer deposit.In its first quarter results made available on the Nigerian Stock Exchange website, the bank reported that its customers deposited N3.396 trillion as against the N3.24 trillion reported by First Bank in the same period.Before now, First [...]

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    Phillips Oduoza, former UBA GMD, floats merchant bank

Phillips Oduoza, former UBA GMD, floats merchant bank

Phillips Oduoza, former group managing director of the United Bank for Africa (UBA), has launched Nova Merchant Bank.A merchant bank is a financial institution that focuses more on investments, loans, asset management, mergers, acquisition and even advisory services to its customers.Nova, Nigeria's fifth merchant bank, officially began operations on Thursday, February 1 at its headquarters in Lagos."Banking is changing globally [...]

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    EXTRA: Tony Elumelu ‘turns’ Michael Jackson at office Christmas party

EXTRA: Tony Elumelu ‘turns’ Michael Jackson at office Christmas party

Tony Elumelu can remove dressing up as Michael Jackson from his bucket list.The chairman of Heir Holdings on Saturday was handed the opportunity to channel his music idol, and he did it with verve and panache. [...]

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    Improved forex supply aids UBA profit to 41% growth

Improved forex supply aids UBA profit to 41% growth

The United Bank for Africa (UBA) says that its profit increased by 41% year-on-year profit before tax in the first quarter of 2017.A statement by the bank attributed the growth to improved foreign currency supply as foreign currency trading income grew by 148% year-on-year.UBA said it recorded a profit of N25.5 billion before tax in Q1 of 2017 and N22.4 [...]

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    UBA, GTB nominated for African Bank of the Year at CEO Forum

UBA, GTB nominated for African Bank of the Year at CEO Forum

Two Nigerian banks, United Bank for Africa (UBA) and Guaranty Trust Bank (GTB), have been nominated for the African Bank of the year at the ongoing Africa CEO Forum.The Africa CEO Forum, the foremost international meeting of top African business leaders, kicked off on Monday at the InterContinental Hotel, Geneva, Switzerland.The two-day event, which will provide outstanding networking opportunities, attracts [...]

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    UBA, MoneyGram launch outbound money transfer

UBA, MoneyGram launch outbound money transfer

Nigeria’s money transfer business landscape evolved into a new phase on Sunday, as the United Bank for Africa (UBA) Plc and MoneyGram launched outbound money transfers in Nigeria.With the newly-launched MoneyGram outbound money transfer service, Nigerians can now send money to countries such as UK and USA from Nigeria. The Nigerian will send money in Naira while the person receiving in UK or [...]

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Exchange Rates

November 9, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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