Heritage Bank Plans to Boost Capacity of SMEs

Heritage Bank Plc says it plans to boost the capacity of the Small Medium Enterprises through its annual entrepreneurial reality show, tagged ‘The Next Titan The Divisional Head, Corporate Communications, Heritage Bank, Fela Ibidapo, while speaking at a press conference in Lagos recently said the fifth season of the entrepreneurial show had kicked off, according to a statement. Ibidapo assured the public that the bank would sustain its interest and sponsorship of the programme as its goal aligned with the corporate aspiration of the bank. “The management of the bank…

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12 Finalists Selected in UBA Foundation National Essay Competition 2018 amidst Increase in Entries

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced the twelve finalists for the 2018 edition of its annual National Essay Competition. The 12 finalists will sit for the second round of the competition, where three winners will emerge after undergoing supervised essay writing on a different topic from the original entry, on Saturday November 25, 2018 at the Bank’s headquarters in Lagos The 12 finalists were selected after a very tedious grading process undertaken by a distinguished panel of judges made…

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UBA Shows Resilience as Gross Earnings hit N375 billion, with Group profit of N79 billion

United Bank for Africa Plc, the pan African financial institution with presence in 20 African countries has announced its unaudited 2018 Third Quarter Financial Results, with impressive growth in Gross Earnings, which berthed at N374.8 billion, an 12.3 percent increase when compared to N333.9 billion recorded in the corresponding period of 2017. According to the report filed to the Nigerian Stock Exchange(NSE) on Tuesday, UBA’s net operating improved  1.7 percent year-on-year to N227.7 billion, when compared to N224 billion achieved in the similar period of 2017. Amidst inflationary pressures and…

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Fidelity Bank CEO Assures Investors On Better Returns In 2018

Fidelity Bank CEO, Mr. Nnamdi Okonkwo has assured the investors and analysts’ community that the top Nigerian lender will deliver better returns in the 2018 financial year. Speaking in Lagos, during the Half Year Investors and Analyst Conference Call, Okonkwo said the bank will maintain the disciplined approach to the execution of the medium-term strategic initiatives that have sustained the bank’s strong performance in recent years. “From what we have seen it so far and going by our half-year results, we are staying with our guidance for the full year”…

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UBA To Reward 25 Customers On Its PoS Terminals

In a bid to further encourage payments on its Point of Sale Terminal (PoS) terminals, Pan African Financial services group, United Bank for Africa (UBA) has announced that it will be rewarding 25 lucky customers with N100, 000 each, when they make payments with their UBA cards on UBA POS terminals at any merchant location. The promo which is scheduled to run till December 31, 2018, will see a total of 25 people become N100, 000 richer, just by paying on UBA POS terminals at any merchant location across Nigeria.…

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UBA Appreciating Meritorious Services

Appreciating Meritorious Services: l-r: Former Non-Executive Director, Alhaji Jafaru Paki; Emeritus Professor Mercy Olumide; Former Non-Executive Director, Ambassador Adekunle Olumide; Chairman, UBA Plc, Mr. Tony Elumelu; Former Non-Executive Director, Mrs. Rose Okwechime; GMD-CEO, Kennedy Uzoka; Former Non-Executive Director, Mr Zekeri Yahaya and wife Clara, during the send forth cocktail and dinner held by the Bank for the former Non-Executive Directors, held at Transcorp Hilton, Abuja on Friday

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ECOBANK, FCMB OTHERS STRUGGLE FOR SURVIVAL

          As the Nigerian economy battles to wriggle out of the effect of the fall in international oil price, which has ignited a financial crisis in the country, the banking industry is already showing signs of weakness and there are fears of possible casualties.  Nobody’s job is safe in the baking industry today. Since 2015, there has been a thick cloud of economic uncertainty that stokes a choking effect on every segment of the Nigerian economy, particularly the banking sector which is one of the fulcrums…

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Tsunami In The Nigerian Banking Industry…..By: Chinyere Ogidi

The global economic meltdown, depreciation of exchange rate of the naira and, recently, the implementation of the Treasury Single Account, TSA, by the Buhari administration have all conspired to tighten the liquidity noose on the Nigerian banking industry. Now the banks have responded by disengaging thousands of their staff. It however remains to see if this drastic measure will save the banks. There used to be a time when being a banker connoted success and good life. It was a time when bankers drove good cars and lived in good…

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