UBA faces upsurge in lawsuits, may pay N472bn in claims
United Bank for Africa (UBA) could pay out a chunky N472 billion in claims as lawsuits against the banking giant shot up to 911 in the third quarter ended September…
Tony Elumelu makes “TIME 100” list of most influential people in the world, 2020
TIME has named Tony O. Elumelu, one of Africa’s leading investors and philanthropists, in the 2020 TIME100, annual list of the 100 most influential people in the world. The list,…
Sahara Energy moved additional $16bn to Isle of Man in 2017: Investigation
In the midst of the global financial scandal in which more than $2 trillion worth of transactions between 1999 and 2017 were flagged by internal compliance departments of financial institutions…
UBA rides Covid-19 tail, records N300bn half year earnings
United Bank for Africa (UBA) Plc, has shown why it is Africa’s leading financial institution as its audited financial results for the half year ended June 30, 2020, showed a…
9mobile secures final approval for Payment Service Bank
9PSB (Payment Service Bank), a subsidiary of 9mobile, says it has been granted approval by the Central Bank of Nigeria (CBN) to commence operations in the country. 9mobile, in a…
After three decades at UBA, Dan Okeke joins Heirs Holdings
African serial entrepreneur and chief promoter of youth empowerment on the continent, Mr. Tony Elumelu, has announced appointment of Dan Okeke as Group Executive Director of Heirs Holdings. Heirs Holdings…
N41bn UBA-NITEL/MTel tango: Why Elumelu should sue Senator
Persons conversant with banking procedures and client-banker relations have said it was impossible for United Bank for Africa (UBA) or its former Managing Director, Mr.Tony Elumelu, to make withdrawals amounting…
Post-Covid-19: Access Bank, UBA, others to sack workers, mull pay cut
Some Nigerian banks have finalized arrangements to sack their workers in what an insider described as a wave of sack beginning from this month when workers are expected to resume…
UBA splashes N34.19bn dividend at shareholders; receives commendation
The United Bank for Africa (UBA) Plc shareholders, on Wednesday, commended the bank for declaring a dividend of N34.19 billion for the financial year ended Dec. 31, 2019. The shareholders…
Alleged money laundering:Witness reveals how Faisal Maina withdrew N58m from UBA
An EFCC operative, Mohammed Goji, on Monday, revealed how Faisal Maina, son of Abdulrasheed Maina, former Pension Reform Task Team boss, withdrew N58 million from a United Bank for Africa…