Home > Business > Banking and finance

Banking and finance

13 New Millionnaires Emerge From Fidelity Bank Promo

Fidelity Bank Plc has churned out 13 new millionnaires in its Get Alert in Millions (GAIM) Savings Promo Season 3 at its  second monthly draw monday in Lagos. According to the Chairperson of the Savings Promo Committee, Mrs. Chijioke Ugochukwu, a total of N19 million was won by the 13 customers, aside 18 consolation prizes for others , as  parting ...

Read More »

UBA’s Gross Earnings Hit N375b

United Bank for Africa Plc, has announced its unaudited 2018 Third Quarter Financial Results. The bank recorded growth in Gross Earnings, which berthed at N374.8 billion, representing a 12.3 percent increase when compared to N333.9 billion recorded in the corresponding period of 2017. According to the report filed to the Nigerian Stock Exchange(NSE) on Monday, UBA’s net operating improved  1.7 ...

Read More »

Update: Oyo NLC shuts MTN Offices In Ibadan

Nigerian workers under the aegis of Nigerian Labour Congress (NLC), Oyo State Chapter, on Monday, shut down the operations at all the offices of telecommunication giant, MTN across Ibadan, the Oyo state capital over the allegation that the company over the years refused to allow its members of staff unionise. Oyo State NLC Chairman, Mr Waheed Olojede, who led other ...

Read More »

UBA Shareholders Approve 2017 Final Dividend Of N22.23bn

United Bank for Africa ( UBA ), on Monday endorsed the payment of N22.23 billion final dividend declared by the board for the financial year ended Dec. 31, 2017. The shareholders gave the approval at the bank’s 56th Annual General Meeting held in Lagos. The final dividend translated to 65k per share when compared with final dividend of 55k paid ...

Read More »

Court Sentences Former Union Bank Head Of Operations To 12 Years Imprisonment

Paul Onwughalu, a former Head of Operations, Union Bank Plc, Head Office, Marina, Lagos, has been sentenced to 12 years imprisonment for fraud related offences. Onwughalu, who was arraigned before Justice S.S. Ogunsanya of the Lagos State High Court sitting in Igbosere, by the Economic and Financial Crimes Commission, Lagos Zonal office, was convicted on Wednesday. The convict had been ...

Read More »

Court Finds Banker Guilty Of N700m Fraud

The Lagos High Court sitting in Ikeja has convicted a former relationship officer with Coronation Merchant Bank, Nsa Ayi, over fraud allegations levelled against him by the Economic and Financial Crimes Commission (EFCC). Justice Mojisola Dada convicted Ayi on Tuesday after he pleaded guilty to 11 charges bordering on fraudulent false accounting to the tune of N700million, an offence contrary ...

Read More »

Access Bank Wins Euromoney’s Best Commercial Banking Capabilities Award

Access Bank Plc has emerged winner of the best ‘Commercial Banking Capabilities’ award by Euromoney, a leading global financial publication. The prestigious award was presented to Herbert Wigwe, the Bank’s Group Managing Director/CEO at the Euromoney Private Banking Awards 2018, which held at the Landmark in Marylebone, London on Thursday. The Awards are the most prestigious in the growing area ...

Read More »

Media Firm Files N200 million Suit Against Access Bank

An Abuja based media firm, Image Merchants Promotion Limited, and its promoter, Yushau Shuaib, have slammed a N200 million suit against Access Bank Plc over an alleged unlawful freezing of their four different accounts with the bank in the past two years. The bank was dragged before a High Court of the Federal Capital Territory (FCT) Abuja by the two ...

Read More »

UBA Revolutionises eBanking, Introduces Leo, Chat Banking Personality On Social Media

Pan-African financial institution, United Bank for Africa (UBA), has changed the face of e-banking with the introduction of Leo, the UBA Chat Banker who enables customers make use of their social media accounts to carry out key banking transactions. At the official launch of Leo, UBA’s Chat Banker, which took place in Lagos recently, customers of the bank were given ...

Read More »

Senate Subpoenas Bank Chiefs Over Alleged Freezing Of Patience Jonathan’s Accounts

The Senate Committee on Ethics, Privileges and Public Petitions yesterday summoned seven bank managing directors for allegedly freezing the accounts of Dame Patience Jonathan. The managements of the financial institutions, including Zenith, First, Eco, Fidelity, Stanbic-IBTC, Diamond and Skye banks, were subpoenaed by the Sam Anyanwu-led panel on the strength of a petition from the former First Lady while holding ...

Read More »