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Category: Bizness News


Shareholders Laud UBA Performance in 2013, Approve Dividend Payout

Shareholders of the United Bank for Africa (UBA) Plc Friday unanimously endorsed the bank’s annual report and accounts for the year ended 31 December, 2013 just as...


Profit Taking: Market Capitalisation Sheds N131bn

The four weeks winning streak on the Nigerian Stock Exchange (NSE) came to a halt last week as investors embarked on profit taking.


FirstBank boosts capacity development with SMEConnect Open Seminar Series

As part of its support for the sustained development of the Small and Medium Enterprises (SMEs) sectors of the Nigerian Economy, FirstBank through its SMEConnect...


UBA Realigns To Improve Operational Efficiency

In pursuit of its Project Alpha plans, United Bank for Africa (UBA) Plc has announced key appointments to drive its quest for industry leadership by 2015.


FirstBank: Resilient through the Ages

As FirstBank continues to attract local and international recognition as an outstanding brand, Raheem Akingbolu takes another look at the 120-year old brand Within and...


NSE market capitalisation increases by N59bn

The market capitalisation of the Nigerian Stock Exchange (NSE) on Wednesday 23 April grew by N59 billion or 0.46 per cent, to close at N12.889, from the N12.830 trillion...


DMO announces sale of N50bn bond

The Debt Management Office (DMO) on Thursday said it would sell bonds worth N50bn which would comprise N25bn of three-year paper and N25bn in the 10-year paper.


UBA unveils N12.59bn profit in Q1 result

United Bank for Africa Plc on Thursday said that its profit after tax rose by 36.37 per cent to N12.59bn in the first quarter of 2014, from N9.23bn as of the fourth...


GTBank Plans Africa Expansion

Leading Nigerian financial institution, Guaranty Trust Bank (GTBank) has announced plans to expand its operations in Africa over a three-year period.