Total Assets up by 37.2% to N28.3 trillion Customer Deposits hits N23.2 trillion, climbs 34% Makes Profit Before Tax of N401.6bn Africa’s Global Bank, United Bank for Africa (UBA) Plc has released its audited financial results for the half year ended June 30, 2024, showing impressive performance across some key financial indicators. The audited financials released to the Nigerian Exchange Limited (NGX) on Monday, showed that the bank recorded double-digit growth in its gross earnings and operating incomes. At the end of the first two quarters of the year, and despite the tough global macroeconomic climate in Nigeria as well…
Author: Lilian Azuh
All doesn’t seem to be well between the President of Kenya, William Ruto and his deputy president, Righati Gachagua. For some weeks, there appears to be a cold war between them that keeps surfacing on social media daily. It’s now getting obvious that they no longer have the smooth relationship they used to have when they started their journey barely two years ago. At the moment, DP Righati Gachagua is facing an imminent impeachment move by Kenya’s national assembly. The DP has also openly tackled Ruto’s policies and according to reports, has disrespected the president even in private meetings. If…
In an exclusive interview with Arise TV on the sidelines of the 79th United Nations General Assembly in New York, the CEO of FirstBank, the premier West African financial institution and financial inclusion service provider, Olusegun Alebiosu highlighted poverty eradication as a pressing concern that should keep international leaders up at night. Alongside poverty, climate change and gender inequality are equally pressing issues that demand attention and action. Alebiosu stressed that poverty, in all its forms, stems from lack of access and resources. He highlighted that finance is the most critical factor in combating poverty in the 21st century. “The…
In a demonstration of its commitment to community support, Access Holdings Plc (‘the Group’), leading African financial group, has announced a donation of over ₦1 billion to assist with relief and recovery efforts in Maiduguri, through its banking vertical – Access Bank Plc. The announcement was made during a visit of the Group’s delegates, led by Bolaji Agbede, Acting Group Chief Executive Officer, to the Borno State Government House in Maiduguri. The donation, which comes in response to the devastating floods that have severely impacted the region, is aimed at providing both immediate and long-term respite. Access Holdings’ contribution will…
The President of Benin Republic, Patrice Talon has just been saved from what would have led to the sudden exit of his government, all thanks to the prophecy of Nigerian prophet, Primate Ayodele which he shared six months ago. According to reports, Benin prosecutors announced on Wednesday the arrest of three prominent individuals, including a commander of the presidential guard, on suspicion of planning a coup d’état in the West African nation. The other two suspects are former sports minister Oswald Homeky and businessman Olivier Boko, who is reportedly close to President Patrice Talon. Elonm Mario Metonou, the special prosecutor…
Benin flag Benin Republic prosecutors say they have foiled a suspected coup attempt scheduled to take place on Friday. In a statement on Wednesday, Elonm Metonou, special prosecutor at Benin’s court for financial crimes and terrorism, said Oswald Homeky, a former sports minister, was caught Tuesday night handing over six bags of cash to Djimon Tevoedjre, commander of the republican guard and head of President Patrice Talon’s security. Metonou said the bag contained 1.5 billion West African CFA francs (about $2.5 million).Authorities said the suspects opened a bank account in Côte d’Ivoire under the commander’s name on August 6, adding that…
Reps The House of Representatives, on Thursday, resolved to investigate the bribery allegations levelled against the Economic and Financial Crimes Commission and the Nigerian Correctional Service by social media influencer, Martins Otse popularly known as VeryDarkMan. The resolution of the House followed the adoption of a motion of urgent public importance on Thursday, sponsored by the member representing Ikot Ekpene/Essien Udim/Obot Akara Federal Constituency, Akwa Ibom State, Patrick Umoh. Addressing his colleagues, Umoh expressed concern over the widely circulated publication by VeryDarkMan against the EFCC and the NCS. He said, “The publication alleges that the EFCC dropped money laundry charges…
Elumelu Tony O. Elumelu, CFR, Founder of the Tony Elumelu Foundation (TEF), hosted a reception with Cindy McCain, Executive Director of the World Food Programme (WFP), to highlight youth unemployment and hunger in Africa, on the sidelines of the 79th United Nations General Assembly meetings, in New York City. The gathering convened philanthropists, entrepreneurs, change makers, policymakers and global leaders. Dialogue centred on two pressing themes, fundamental to Africa’s transformation: providing a lasting solution to hunger and the transformative potential of entrepreneurship to eradicate poverty on the continent. With over 7,500 of Tony Elumelu Foundation entrepreneurs drawn from the food…
Olusola Dupe Olusola has announced the launch of the Next Generation Foundation, a philanthropic fund dedicated to improving the lives of underserved and vulnerable children through education. With this foundation, Olusola, the Managing Director/CEO of Transcorp Hotels Plc, is extending her lifelong commitment to empowering others, driven by a deep belief in the transformative power of education. The foundation’s vision is for every child to have access to quality education, and a chance at a better life. Reflecting on her motivation to create the foundation, Olusola shared: “Education changes lives—it opens doors to a future filled with opportunities, particularly for…
Shettima …Health, nutrition top priorities of our development agenda, VP Shettima tells Gates Foundation To hasten relief efforts for victims of the devastating floods, as well as for health and agricultural sectors’ reforms, the Nigerian government has secured a $600,000 relief fund and commitments from the Bill and Melinda Gates Foundation. Specifically, the Foundation pledged the $600,000 for flood relief in Borno State and other health sector initiatives, with an additional $5 million grant approved for Lagos Business School and partners to develop the agricultural economics of industrial cassava. The donation was announced when Vice President Kashim Shettima held a…