Old naira notes The Central Bank of Nigeria has ordered banks to start collecting the old N500 and N1,000 notes from the public with immediate effect. It, however, pegged the maximum amount the banks can collect at N500,000. The CBN maintained that the old currencies were no more legal tender. A source from the bank…
Announces Six other Executive Appointments Samuel Oni Retires from the Group Board The Board of Directors of the United Bank for Africa Plc, Africa’s Global Bank, today announces the appointment of Mrs. Abiola Bawuah, as Chief Executive Officer (CEO) of UBA Africa. Bawuah will also join the Group Board as an Executive Director, overseeing the Group’s operations across the African continent, outside Nigeria. UBA operates in 19 African…
Guaranty Trust Bank UK Limited (GTBank UK) has reached settlement with the FCA, accepting findings in relation to historical Anti-Money Laundering (AML) controls in its operations in the period October 2014 to July 2019. The Bank has cooperated fully with the FCA investigation and has agreed a penalty sum of GBP7,671,800, which has been…
Wema Bank PLC (Bloomberg: Wema NL) (“Wema” or “the Bank”) announces retirement of its Managing Director/CEO. · Managing Director/CEO Ademola Adebise to retire from Wema Bank Plc; with effect from March 31, 2023. · Moruf Oseni, current Deputy Managing Director appointed as Managing Director/CEO · Wole Akinleye, Executive Director appointed as Deputy Managing Director and Tunde Mabawonku appointed as Executive Director Wema Bank Plc. hereby announces the retirement of its…
…….. Reports Profit Before Tax of ₦169.7billion Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦169.7billion, representing an increase of…
Nigeria’s most innovative bank and digital banking pioneer, Wema Bank Plc, has recorded gross earnings of N95.345 billion in the third quarter ended September 30, 2022, representing a growth of 51.17% year-on-year, from N63.077 billion posted during the same time in 2021. According to the bank’s unaudited financial results for the third quarter of 2022,…
Zenith Bank Plc has announced its unaudited results for the third quarter ended 30 September 2022, recording a remarkable double-digit growth of 20% in gross earnings from NGN518.7 billion reported in Q3 2021 to NGN620.6 billion in Q3 2022. This performance demonstrates the Group’s resilience against a challenging macroeconomic environment. According to the unaudited account…
In recognition of its efforts to deepen digital payments acceptance for businesses on the continent, the fintech payment product of HabariPay, Squad, has received an award for “Accelerating Digital Acceptance in Africa” at the inaugural session of the Mastercard EDGE 2022. The event was held to recognize outstanding fintech companies and business leaders that are…
Africa’s Global Bank, United Bank for Africa (UBA) Plc has said that its diversified business model in key international markets on the continent and around the world, continues to act as a hedge and to position the Group to better mitigate business risks arising from the financial, economic and political environment. UBA Group Managing Director/Chief…
UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced that the three top winners of this year’s National Essay Competition (NEC) will get educational grants worth N10.5m to study in any African university of their choice just as it has stated that students now have up to…
