The Chairman of the United Bank for Africa (UBA), Tony Elumelu, has expressed confidence that the bank will meet the Central Bank of Nigeria’s (CBN) new capital requirement of N500 billion ahead of the March 2026 deadline. This announcement follows the CBN’s directive that mandates all commercial, merchant, and non-interest banks, as well as promoters … Read more
United Bank for Africa (UBA) has inducted 398 young men and women from six African countries into its UBA Tribe through the Graduate Management Acceleration Programme (GMAP). The induction ceremony, which was held on Thursday in Lagos, followed a six-month hands-on work and learning experience to develop their inherent potential after graduation. The GMAP, according … Read more
Conglomerate Transnational Corporation Plc (Transcorp) anchored the phenomenal expansion in its net profit for the first quarter of the year on a more-than-threefold increase in the cash earned from energy sales. That alone provided 57.2 per cent of its revenue for the period, figures from the corporation’s latest earnings report showed. Cost efficiency was a … Read more
President Bola Tinubu on Sunday met with members of the organised private sector and some state governors to discuss the state of the Nigerian economy and the biting hardship Nigerians are currently facing. The meeting which had some state governors in attendance also discussed the crumbling rate of the Naira to the Dollar. Members of … Read more
