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As Nigerians go through these intresting times,economically UBA has been identified as a friend in deed to loyal customers ,.and to nigerians of hue and cry..Though unassuming and understated, the bank is doing a lot via the UBA Foundation,financial analyists affairmed.Its principal aims is to make sustainable improvements in the lives of the needy and under-privileged by supporting entrepreneurship programmes ...
February, 2016
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13 February
GT Bank announces results of $500 million Eurobond
GT Bank Plc has announced the results of its cash tender offer for the $500 million Eurobond at 7.50 per cent. The bank had on February 4 opened an international tender offer for the bond. It said that an aggregate principal amount of $126.59 million of the securities validly tendered on or prior to the expiration deadline and not validly withdrawn ...
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12 February
Skye Bank,Others Conspire Over N24billion Police Pension Scam
Sharp practices of banks in the looting of police pention fund has been exposed.Mustapha Gadanya, the fourth prosecution witness in the ongoing trial of the seven persons accused of complicity in the over N24 billion scam in the police pension office before Justice Hussein Baba Yusuf of the Federal Capital Territory High Court sitting in Maitama, Abuja, on Thursday told ...
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9 February
First Bank Launches Firststars TV Reality Show
First Bank of Nigeria Limited has in partnership with EbonyLife TV, Africa’s first Global Black entertainment and lifestyle network, launched a pivotal filmmaking reality TV show called FirstStars. In a statement, the lender said the FirstStars showcases the business behind the stars and the opportunities in the film industry, bringing attention to the knowledge, skills, talent and passion of the ...
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9 February
FCMB GMD Excited over Finacle 10 Service Platform Upgrade
First City Monument Bank (FCMB) Limited has upgraded its service delivery platform by deploying the Finacle Core Banking solution version 10 to enhance world-class service excellence and customer experience. In a statement, the bank said the new generation banking platform will accelerate innovation and support its business growth in the rapidly changing business environment in which it operates. It explained ...
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3 February
3 Ecobank Officers Forge Signatures To Steal N2.8million From Customer’s Account
Banking in Nigeria now goes with the caution Buyers beware! iInspite of the BVN,incredible intrernal theft is ongoing in banks..Three bank officials in Lagos have been arraigned for theft. – The three men are accused of sealing N2.8 million from their clients. – The case will resume in late February. Three Ecobank employees were arraigned in Lagos on Tuesday for ...
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3 February
Fashola Justifies 45% Electricity Tariff Increase Effective Feb 1,Promises More Megawatt
The Minister of Power, Works and Housing, Mr. Babatunde Fashola, has justified the 45 per cent increment in electricity tariff, which took effect on Monday, stressing that the action remained the only way to enhance stable power supply in the country. Fashola, who stated this when he appeared before the Senate Committee on Power, explained that an Act of the ...
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1 February
Union Bank Struggle For Survival Yields Result… GMD’s 10 Game Changing Tactics Get Kudos
There are indications that Union Bank is reclaiming her place of pride among the comity of banks! She has emerge anew from the intense competition from new generation banks, challenges of digital technology, the regulatory policies apex bank and the general economic downfall at large. After yielding significant ground in the competitive space Union is back simpler and smarter, while ...
January, 2016
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29 January
EFCC Closes In On Obat Oil Over N1.2b Subsidy Fraud,Tank Farm Shut!
The economic and Financial Crimes Commission (EFCC) has shut down a tank farm belonging to Obat Oil and Petroleum Limited at Kirikiri, Lagos, for alleged diversion of subsidy payment. Petrocam Trading Nigeria Limited had reported Obat Oil to EFCC for allegedly diverting N1.2 billion, which it secured as loan from Sterling Bank on behalf of Obat Oil under a Joint ...
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27 January
Angry Nigerians React, As CBN Gov Annouces Long Period Of Hard Times!
The federal government has asked nigerians to prepare for a long,trying period..and the subject are reacting.YOUNEWS reporters got reactions,,’ Emiefele is only happy to announce hard times to the people who have been living on hard times since independence to date even when there was oil boom under Gowon and Obasanjo military regimes we lived on hard time, another oil ...
