The United Bank for Africa (UBA) has declared a gross revenue of N3.19 trillion and a profit after tax of N767 billion for the 2024 financial year. Chairman, Board of Directors of UBA, Mr Tony Elumelu announced the feat at the bank’s 63rd Annual General Meeting (AGM) on Friday[Read More…]
… Eliminates bank transfer fees In a bold move that resets the rules of engagement in the Nigerian banking sector, Sterling Bank has removed transfer fees on its digital banking platform, OneBank. This decisive move makes Sterling the first major Nigerian bank to forgo earning a cut[Read More…]
The Federal Government is engaging in consultations with the United States and World Trade Organisation (WTO) to find mutually beneficial solutions to the recent tariff measures announced by the Donald Trump administration. Minister of Industry, Trade and Investment, Dr Jumoke Oduwole hinted at the consultations in a press statement[Read More…]
As part of its Corporate Social Responsibility (CSR) initiatives, leading financial institution, Fidelity Bank Plc, recently donated food packs to Federal Capital Territory (FCT) Abuja residents. Themed, the Fidelity Food Bank initiative, the outreach saw the bank’s officials distribute the food items to seven communities in the Mabushi[Read More…]
Six banks in the country have posted N3.41 trillion as Profit After Tax (PAT) for the year 2024 ended as against the N2.1 trillion recorded in the 2023 financial year. This is despite diverse transaction and service complaints, dissatisfaction among customers and the challenging economic situation of the[Read More…]
Injunction and stay of execution Cargo remains under arrest In a surprising twist of events, its decision delivered today, the Federal High Court in a surprising shift from the true nature of FirstBank ’s claim held that the matter is not a maritime claim but rather, a simple case of[Read More…]
The stock market continued on a positive trend, with investors gaining N26 billion and performance indices rising by 0.04 per cent on Tuesday. Specifically, the Nigerian Exchange Ltd. (NGX) market capitalisation increased by 0.04 per cent to N66.214 trillion from an opening of N66.188 trillion recorded on Monday.[Read More…]
Tier-one lender, Fidelity Bank Plc, has once again highlighted the importance of promoting non-oil exports as it recently hosted the 18th edition of its dedicated capacity development training tagged Export Management Programme (EMP 18). The programme, which was held recently in Lagos provided a platform for entrepreneurs interested in[Read More…]
Former Minister of Petroleum Diezani Alison-Madueke has asked the Federal High Court in Abuja to order the EFCC to retrieve her seized assets or property, either natural or corporate. She claims the EFCC sold her property without following due process, violating her right to fair hearing. Diezani, in[Read More…]
The House of Representatives on Thursday in Abuja considered and adopted its Finance Committee report on the four tax reform bills. The bills initiated by the Tinubu administration include the Nigerian Tax Bill, the Tax Administration Bill, the Revenue Tax Board Bill, and the Nigerian Revenue Service[Read More…]
