The shareholders of the pan-African financial institution, the United Bank for Africa (UBA) Plc applauded the Board, Management and Staff at the 55th Annual General Meeting of the Bank, held in Lagos on Friday April, 7, 2017. UBA shareholders approved the payment of N19.9 billion as final dividend for the financial year ended 31st December…
Category: Business
Elumelu Lauds FG’s Economic Recovery Plan at UBA’s AGM
Chairman of the United Bank for Africa Plc, Mr Tony Elumelu, has strongly commended the Federal Government and the Central Bank of Nigeria (CBN) for their efforts in stimulating the Nigerian economy, and bringing to bear a coordinated policy response that will positively jumpstart the Nigerian economy. According to Mr Elumelu, recent actions by the…
SunTrust Bank Deposits Rise by 432% to N4.2b
As a sigh of absolute confidence in the Management of the technology-driven new bank; SunTrust Bank, its customers increased deposits in the bank by a whopping 432 per cent, making it possible for the bank to declare an impressive profit before tax of N343 million, an increase of 160.3 per cent over the N131.9million reported…
Disclaimer: Robert Mbonu/Heritage Bank
Our attention has been brought to reports published by some online news blogs in which mention was made of Mr Robert Mbonu – in connection with EFCC investigations into the alleged diversion of funds from the London and Paris Club refund – as being a former Managing Director of Heritage Bank. This is false information,…
UBA Grows Profit Before Tax By 32%, Declares Final Dividend per Share of 55kobo
United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits, an attestation to its resilience, enhanced productivity and geographic diversification, evident in the impressive contribution from its African subsidiaries. The Group recorded an…
Tony Elumelu Foundation 2017 Entrepreneurship Programme Selection Announced
*93,000 Applicants – 55 Countries and Territories *1,000 Entrepreneurs Selected For Africa’s Largest Entrepreneuship Programme The Tony Elumelu Foundation (TEF) is proud to announce the selection of 1,000 African entrepreneurs, creating the 3rd cohort of the 10-year, $100 million TEF Entrepreneurship Programme. Over 93,000 entrepreneurs, from 55 countries and territories in Africa, applied – more…
Transcorp Hotels Plc Posts N4.5b Profits, Announces dividend of 40k per Share
Transcorp Hotels Plc has announced a profit after tax of N4b at its 3rd Annual General Meeting which took place at Transcorp Hilton Abuja. At the meeting, the Shareholders of Transcorp Hotels Plc commended the management and staff of the Company for recording a strong financial and operational performance in the financial year ended 31st…
Heritage Bank Empowers 600 Women in Nigeria On IWD
Heritage Bank Limited, Nigeria’s most innovative banking services provider, has empowered over 600 women across the country as part of activities to mark the International Women’s Day tagged: “Be Bold for Change.” The bank organised a training programme with theme: Emerging Female Entrepreneurs Forum for women in Benin, the Edo state capital, Ibadan, the Oyo…
GTBank Grows Stronger, Declares ₦165.14b Profit in 2016
Guaranty Trust Bank Plc has released its audited financial results for the year ended December 31, 2016 to the Nigerian and London Stock Exchanges. A review of the results shows positive performance across all financial indices, reaffirming the Bank’s position as one of the most profitable and well managed financial institutions in Nigeria. Gross earnings…
Ali Baba’s Wife Not On Suspension—Heritage Bank
Heritage Bank has denied asking Mrs Mary Akpobome, who is wife of renowned comedian, Ali Baba, on a loan recovery suspension as being reported by Sahara Reporters. In a statement issued by the bank, it said the story by the online news platform is totally far from the truth. “Our attention has yet again been…