Tag Archives: Finance

OB Crush: Finance Expert, Oluwatosin Olaseinde Of Money Africa

A saying goes that you must gain control over your money or the lack of it will forever control you. While we cannot emphasize how true this is, meet Oluwatosin Olaseinde, our OB Crush for this week, who is a financial literacy pro teaching healthy financial habits (with a focus on millennials). Oluwatosin, through her Money Africa platform, helps young…

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MTN Fires Back After CBN Sanction, Claims Paid Dividends Were Approved

In a statement on Thursday, MTN denied the allegations of illegal funds repatriation leveled against it by the Central Bank of Nigerian(CBN), claiming that it illegally converted shareholder loans to preference share and repatriated $8.1 billion as dividend saying all dividends it paid to its shareholders between 2007 and 2015 were approved by the apex bank. Contrary to the…

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UK Returns $70Million In Loot To Nigeria, Promises To Return More

As British Prime Minister Theresa May visits Nigeria and two other African countries this week, the country revealed that it had returned £70 million recovered from a Nigerian, who was convicted of fraud by an Italian court. British High Commissioner to Nigeria, Mr Paul Arkwright, revealed this while addressing reporters in Abuja, the nation’s capital.…

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UPDATE! Zenith Bank Confirms EFCC Arrest Of GMD, Peter Amangbo

Zenith Bank confirms that it’s Group Managing Director, Peter Amangbo, is in the custody of the Economic and Financial Crimes Commission (EFCC). (See previous post here). The bank released a statement signed by its Head of Corporate Communication, Victor Adoji, on Tuesday claiming Amangbo was “invited”(although reports reaching us say he was indeed arrested) by the anti-graft agency in relation…

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Fidelity Bank Releases Complete Footage of Alleged Customer Assault, Issues Statement

After a video footage went viral on Friday, in which a Fidelity Bank branch manager allegedly got the police to beat up two young men who were alleged to have complained a little too loudly about the poor customer service of the bank, Fidelity Bank has come out to release the full CCTV video footage of the event and…

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UBA Rewards High Performance, Promotes 2,000 Staff Across Africa

In line with its commitment to reward excellence and high performance, Pan-African financial institution, United Bank for Africa (UBA) Plc, has announced the promotion and elevation of about 2000 of its work force, representing about 17% of total staff strength across the group. This is in recognition of the remarkable contribution the staff members have…

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UBA Expands Presence in London, PRA Grants Wholesale Banking Licence to its UK Subsidiary

 Kennedy Uzoka – GMD – CEO, UBA Plc United Bank for Africa (UBA PLC), Africa’s global bank, announced today that its London subsidiary has obtained regulatory permission to carry out Wholesale Banking activities in the UK. Following this authorization, UBA is now the only Sub-Saharan African bank to conduct banking activities in New York and…

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UBA Declares Profit Before Tax of N105.3 Billion

GMD -CEO of UBA Plc- Kennedy Uzoka United Bank for Africa Plc has announced its audited results for the financial year ended December 31, 2017, showing significant growth in the contribution and market share from its pan-African subsidiaries, among other positive trends in the financial performance. The pan-African financial institution’s audited results showed that gross…

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UBA Identifies with Youth, Unveils 30 Campus Ambassadors

L-R: Group Head, Cards, Digital Banking; Dr. Yinka Adedeji, United Bank for Africa, (UBA Plc), Executive Director, Risk Management & Compliance, Mr. Ike Uche;  Group Executive, Digital & Consumer Banking;  Executive Director, Group Chief Operating Officer, Operations; Mr. Chukwuma Nweke; Group Head, Retail & Consumer Banking, Mr. Tomiwa Sotiloye; Head UBA Academy, Human Capital Management, Mr.…

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Economic Recovery Plan: Elumelu Commends FG, CBN for Efforts at Stimulating Nigerian Economy

United Bank for Africa Chairman 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 Elumelu, recent actions by the Federal Government, including greater…

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