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Press Release

Senegalese citizen, Abdoul-Aziz Dia joins UBA’s Board of Directors

United Bank for Africa (UBA) on Thursday announced that Mr Abdoul-Aziz Dia will join the bank’s Board of Directors subject to the approval of the Central Bank of Nigeria. Mr Dia, a Senegalese citizen, has over 25 years of experience garnered from several countries across the globe, including the United Kingdom, France, Nigeria, Ghana, Togo, Senegal, Kenya and Cote D’Ivoire. ...

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Modibbo Kawu ’s Payment of N2.5m to Pinnacle didn’t violate DSO Whitepaper- ICPC Investigator

The payment of N 2.5 billion to Pinnacle Communications Limited by the Nigerian Broadcasting Commission (NBC) did not violate any provision of the Federal Government White Paper on Implementation of the Digital Switch Over DSO from analogue television broadcasts, an ICPC investigator, Charles Adama admitted testifying before the Federal High Court Thursday in Abuja. The investigator who had earlier maintained ...

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FCMB Commended for Impressive Performance and Higher Dividend Declaration

Shareholders of FCMB Group Plc have commended the Board, Management and Staff of the financial institution for recording another impressive performance in 2018 in spite the challenging macroeconomic and regulatory environment. The commendation was given at the 6th Annual General Meeting (AGM) of the Group held on April 26, 2019 in Lagos. At the meeting, the shareholders approved the financial ...

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Zenith Bank reaffirm  Zero Balance (N0.00,) as opposed to its initial N50, 000 – N250, 000.

 Zenith Bank Plc, the largest bank in Nigeria by tier-1 capital, has re-affirmed its commitment to accord its growing retail business the same attention and focus that has enabled it to become the leading corporate bank player in the country. This is in line with the Bank’s strategic focus of extending its exceptional service offerings to everyone, hence encouraging the drive ...

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UBA shareholders approve N22bn dividend

With the approval of its shareholders, the United Bank for Africa (UBA) has endorsed the payment of N22 billion final dividend declared by the board for the financial year ended December 31, 2018. This translates to final payment of 65 kobo as dividend for every ordinary share of 50 kobo each with the total dividend of N0.85 per share. Speaking ...

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Buhari in Lagos, Declares Open Nigeria’s Biggest Maternity Hispital

…Commissions 500-Seater Lagos Theatre President Muhammadu Buhari on Wednesday unveiled the newly reconstructed Institute of Maternal And Child Health popularly known as Ayinke House located within the premises of Lagos State University Teaching Hospital (LASUTH) in Ikeja, describing it as a critical and timely intervention by the State Government in the health sector. Ayinke House, which is Nigeria’s biggest Maternity ...

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GTBank Releases Q1 2019 Unaudited Results…….. Reports Profit before Tax of ₦57.0Billion

Guaranty Trust Bank plc has released its unaudited Financial Results for the quarter ended March 31, 2019 to the Nigerian and London Stock Exchanges.  The Bank recorded positive performance across all financial metrics with gross earnings for the period growing by 1.2% to ₦110.3billion from ₦109.0billion posted in March 2018. Profit before tax improved to ₦57.0billion from ₦52.6billion recorded in ...

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ZENITH BANK PLC SUSTAINS MARKET DOMINANCE WITH IMPROVED PROFITABILITY

In the first quarter ended 31 March 2019, Zenith Bank Group recorded improved numbers across key metrics, driven by a solid performance in all business segments. This resulted in a Profit before Tax (PBT) of ₦57 billion, representing a 6% growth over the ₦54 billion achieved in the corresponding period in 2018. The Group’s on-going commitment to cost optimisation on ...

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Fidelity Bank appoints 3 new Executive Directors.

As part of corporate realignment and repositioning for the next growth phase, the Board of Directors of Fidelity Bank Plc has announced the appointment of three new Executive Directors. The Board which met in Lagos recently, approved the appointment of Gbolahan Joshua as Executive Director/Chief Operations and Information Officer; Obaro Odeghe, Executive Director, Corporate Bank and Hassan Imman, Executive Director, ...

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Fidelity Bank Chairman seeks deeper interest in cyber security

Against the backdrop of high-profile and sophisticated online attacks on large commercial banks, Directors of listed and private companies in the country have been advised to take active roles in their respective organisation’s cybersecurity framework and operations. The Chairman, Board of Directors of Fidelity Bank Plc, Ernest Ebi, gave the counsel at the 2019 Bank Directors’ Association of Nigeria (BDAN) ...

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