Business Hilights

Tracking Nigeria's Headline Business News Online

United Bank for Africa Plc

UBA, UBAF haul honours at BJAN 2019 Awards in Lagos

Pan-African financial Institution, United Bank for Africa Plc once again has emerged the best institution in support of Education (CSR) 2019 just as the Chief Executive Officer, UBA Foundation (UBAF) & Group Head, Corporate Communications, Bola Atta, also bagged the…

Banks’ making more profits from fintech adoption than physical branches—Akano

Upon the trending fears that payment service providers relying on financial technology (FintTech) are becoming serious threats to conventional banks in Nigeria, latest findings have shown that banks earned more revenue in the last financial year from adoption of FinTechs….

Euromoney unveils UBA as Africa’s best in digital banking services

The prestigious Euromoney awards in London has unveiled Africa’s global bank and pan-African financial services group, United Bank for Africa Plc, as winners in the Digital category. The awards ceremony, held on Wednesday, July 11, 2018 covers more than 20…

Fidelity Bank set to join Tier-1 big boys over smart completion of 4-year growth plan

At a time several Tier-2 banks are struggling to remain afloat in the segment, all is set for the most SMEs friendly bank, Fidelity Bank is set to join tier-1 banking giants. Though analysts say adverse macroeconomic environment, and regulatory…

‘Get friends, relations to UBA, win largesse from new diaspora campaign’

The United Bank for Africa Plc has stepped up aggressive customer drive with a new alluring offer to existing customers who are able to drag in new customers to the bank. The promo is designed to last for three months….

UBA’s Q1 2018 results indicate strong growth in gross earnings upon harsh environment

Contrary to feelings in some quarters that many of the first quarter results of quoted companies in Nigeria will be impacted by lull in the economy that trended from the 2017 recession, United Bank for Africa plc released results for…

Lafarge, Access Bank, Seplat, UBA now members of NSE premium board

The Nigerian Stock Exchange (NSE) on Monday put paid to its earlier announcement that the quartet of Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc have satisfied all protocols to become…

TEF picks 1,250 out of 151,692 applicants for 2018 Entrepreneurs programme

The Tony Elumelu Foundation (TEF) on Thursday in Lagos, announced 1,250 successful African entrepreneurs with the most innovative, high-potential business ideas that will participate in the 2018 Entrepreneurship programme. The 4th ‎cycle selection was made out of over 151,692 applications…

Some banks (Tier-2) at risk of going down should dollar hit N450— Fitch Report

—UBA, Zenith, Access, 2 others strong A recent stress test conducted by leading international financial surveillance agency, Fitch Ratings has indicated that some tier-2 banks (banks with total assets less than N2tn) will fall below the capital adequacy ratio of…

Sanusi, Elumelu give antidote on how to reduce spending, grow economy

Two leading economic experts, former Governor of the Central Bank of Nigeria, Emir of Kano, Muhammadu Sanusi II and the Chairman, United Bank for Africa Plc, Mr. Tony Elumelu, have advised the National Assembly to give priority to bills capable…