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Business

‘I Have Somebody In Hospital’- Customers Lament As Labour Strike Grounds Banking Activities In Abuja

Banking activities have been grounded in the Federal Capital Territory over the minimum wage protest called by the Nigerian Labour Congress.At First Bank of...

Business

UBA Mobilizes N17.36trn Deposit From Customers, Posts N757bn Profit

Despite a challenging operating space accentuated by volatile geopolitical and economic conditions, the United Bank for Africa Plc successfully sustained its deposit mobilisation efforts,...

Business

Nigeria’s Tier-One Banks Battle For Dominance As Assets Hit All-Time High Of N94trn

Nigeria’s tier-one banks have set a new record by growing their assets to N94.22tn which is the equivalent of $76.6bn (N1,230/$), defying expert predictions.THE...

Business

‘I Wish We Had More Resources’- Tony Elumelu Says As TEF Awards $5.57M To 1,114 Winners Of 2024 Entrepreneurship Programme

The Tony Elumelu Foundation (TEF) has awarded $5.57m to the 1.114 successful winners of the 2024 Entrepreneurship Programme after the number of applicants rose...

Business

CBN Dissolves Board Of Union Bank, Polaris, Two Others

The Central Bank of Nigeria has dissolved the board and management of four banks in a move that is seen as the implementation of...

Business

Access Bank Assets Hits N20.8trn After Acquisitions Of Three African Banks

Access Bank Plc has grown its revenue by 58.8 per cent from N591.8bn in the first half of 2022 to N940bn by the end...

Business

Over 1,145 Customers, Others Sue UBA, Claim N593.19bn

United Bank for Africa PLC is facing 1,146 litigations from customers and business partners who are claiming a total of N593.1bn.But the lender’s directors...

Business

I Didn’t Become Chairman Of UBA, Transcorp Because Of A Wealthy Background —Tony Elumelu

The billionaire owner and Chairman of Heirs Holdings PLC, Tony Elumelu, has said that he did not become successful because he had rich parents.Elumelu...

Business

Tony Elumelu increases net worth in UBA to N22.85 billion

The chairman of United Bank for Africa (UBA), Tony Elumelu, has acquired more shares in the deposit money bank, a new corporate filing has...

Business

Why Access Bank, Zenith Bank, others will Increase Interest on savings as CBN hikes interest

Nigerian depositors are expecting their banks to increase interest on savings to cushion the effect of a hike in interest rates by CBNCBN raised...

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