Nigerian stocks sustained their gaining momentum last week, advancing 1.8 per cent to take their year-to-date return to 2.5 per cent. Trading statistics also showed a dramatic improvement in transaction volume on the back of increased interest in financial services stocks. A good number of equities with potential for strong price appreciation are still available … Read more
In a bid to support education amidst economic challenges, the UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA), has increased grant prizes for its 2024 National Essay Competition (NEC). The foundation disclosed the increment in a statement announcing the commencement of the annual competition with a call for entries. … Read more
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
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
United Bank for Africa (UBA) posted a record N607.7 billion in annual net profit after significant increase in interest income and foreign exchange gains impacted bottom-line by as much as 256.9 per cent last year. Gross revenue for the pan-African financial services group which, apart from its home market Nigeria, has footprints in 23 countries … Read more
