Year: 2017

We’re Not Withholding NASS Members’ Salaries—SunTrust

SunTrust Bank, on Wednesday, debunked claims that it failed to pay some staff of the National Assembly who protested non-payment of their salaries on Tuesday. Executive Director, Finance and Risk Management of the Bank, Usman Abdulqadir, who briefed newsmen on behalf of the CEO, Muhammad Jibrin at the bank’s office in Lagos, said the Bank…

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

United Bank for Africa Plc (UBA) successfully raised $500 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 five-year senior unsecured benchmark bond (144A/Reg S) listed on the…