UBA Group Announces Appointment Of Deputy Managing Directors For Nigeria And Africa

UBA Group

UBA Group Announces Appointment Of Deputy Managing Directors For Nigeria And Africa     United Bank for Africa Plc (UBA), the leading pan-African financial services group, is pleased to announce the appointments of Ayoku Liadi and Oliver Alawuba as Deputy Managing Directors in charge of UBA’s Nigeria and Africa businesses, respectively. The creation of the new positions, reporting to Group CEO, Kennedy Uzoka, represents further strategic recognition of the growth of UBA’s pan-African business, now representing in excess of 40% of Group revenue, and the critical importance of Nigeria, the…

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Nova Merchant Bank Makes Market Debut with N10bn Bond

Bond

Nova Merchant Bank Makes Market Debut With N10bn Bond     Nova Merchant Bank, a leading merchant bank in Nigeria has announced that its ongoing N10 billion bond issuance is aimed at putting the business on firm footing to achieve its short-term and long-term goals. The technology-driven financial institution is seeking to raise up to N10 billion 7-year Fixed Rate Subordinated Unsecured Bonds under its N50 billion debt issuance programme. The bond has a price range of from 12 per cent to 12.50 per cent and the offer, which opened on…

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Heritage Bank Shuts Branch For Disinfection Over Suspected Coronavirus Case

Heritage Bank Shuts Branch

Heritage Bank Shuts Branch For Disinfection Over Suspected Coronavirus Case       Heritage Bank Plc said it has closed down an Experience Centre- EC (branch) at Allen Avenue; Ikeja over “unconfirmed case” of Coronavirus for deep hygiene clean up after an employee took ill last week. The bank in a statement made available to the press and customers, noted “in line with our emergency response plan and following regulatory practices, we have taken immediate steps to close down Allen Avenue, Ikeja Experience Centers- EC (branch) for thorough disinfections of…

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COVID-19: OPay Suspends ORide, OCar And OExpress

OPay

COVID-19: OPay Suspends ORide, OCar And OExpress     Popular Chinese-owned African fintech startup, OPay, has announced it is suspending some of its Nigerian operations including ORide, OCar, and OExpress, excluding its payment operation, Opay. In a statement on Thursday, the company said it is pausing some of its operations “due to the harsh business conditions which have affected many Nigerian companies, including ours, during this COVID-19 pandemic, the lockdown, and the government ban.” Read the statement from OPay below:

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Zenith Bank Ranked Number One Tier-1 Bank In Nigeria

Tier-1 Bank

Zenith Bank Ranked Number One Tier-1 Bank In Nigeria       Zenith Bank Plc has again emerged as the Number One Bank in Nigeria by Tier-1 Capital in the 2020 Top 1000 World Banks Ranking published by The Banker Magazine. Climbing a whopping 29 spots from 415 in 2019 to 386 in the 2020 global ranking of banks, Zenith Bank retained its position as the number one Tier-1 bank in Nigeria with Tier-1 Capital of $2.79 billion, an increase of 16.1% on the $2.40 billion recorded in the 2019 rankings.…

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Invest in Technology, Localise Supply Chain, Redefine Purpose, Airtel MD Advices SMEs at UBA Business Series

UBA Business Series

Invest in Technology, Localise Supply Chain, Redefine Purpose, Airtel MD Advices SMEs at UBA Business Series     In adjusting to the new normal, business owners and operators of Small and Medium Scale businesses have been advised to invest massively in technology and find ways to source their raw materials or supplies locally, as this is expected to boost their activities and help them stay afloat especially in the wake of the Covid-19 pandemic. The Managing Director/Chief Executive Officer, Airtel Nigeria,  Segun Ogunsanya, who gave these tips at the UBA Quarterly…

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Unity Bank Refutes Claims of Secret Account Operated by NPA

NPA

Unity Bank Refutes Claims of Secret Account Operated by NPA       The attention of Unity Bank Plc has been drawn to the claims by a certain whistleblower that the Nigerian Ports Authority (NPA) operated a secret account containing the sum of $1 billion with the Bank. We hereby state categorically that the said claim is false, baseless, and lacking in merit whatsoever. The clarification has become necessary following certain online reports citing the whistleblower’s petition to President Muhammadu Buhari. As a responsible organization conducting its business with the utmost professionalism…

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UBA Hosts Airtel MD In Quarterly Business Series, Calls For Registration Of Business, SMEs Owners

UBA Business Series

UBA Hosts Airtel MD In Quarterly Business Series, Calls For Registration Of Business, SMEs Owners     In its continuous attempt to support the growth and sustainability of small and medium scale businesses in Nigeria and Africa, United Bank for Africa (UBA) Plc will be hosting the UBA Business Series on Tuesday, June 30. The UBA Business Series, which is held quarterly, is a capacity building initiative where leading business leaders share insights on best business practices on how entrepreneurs can build a sustainable business empire especially in the challenging…

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Polaris Bank Disburses Billions Of Naira Under Its Health Sector Loan In 30 Days … Still Counting

Health Sector

Polaris Bank Disburses Billions Of Naira Under Its Health Sector Loan In 30 Days … Still Counting Polaris Bank in its undisputable support for SMEs in the health sector (Private hospitals, Pharmacies, Retailers, Diagnostic centres, etc…) launched a one stop-solution, in September 2019, and has disbursed billions to support the growth of the Nigerian health sector through tailor-made banking products for businesses in this space. This drive was further re-enforced by the CBN N100billion Health sector support fund set aside by the Apex Bank to help cushion the effect of COVID-19 on the nation’s economy and the…

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Sterling Bank Creates Exclusive Income Bearing Programme For Customers

Sterling Bank Creates

Sterling Bank Creates Exclusive Income Bearing Programme For Customers     Customers of Sterling Bank Plc, Nigeria’s leading commercial bank, now have the benefit of enjoying passive monthly income courtesy of the One Partner Programme. Targeted at entrepreneurs and upwardly mobile young Nigerians and Diasporans, the programme allows customers generate a second income by referring their family and network of friends to use unique Sterling Bank products. Divisional Head, Retail and Consumer Banking, Sterling Bank, Shina Atilola, who disclosed this in a statement in Lagos said, the initiative offers Nigerians…

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