UBA
United Bank for Africa Launches New Branch in Dubai
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United Bank for Africa (UBA) Redeems $500-Million 5-year Eurobond
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United Bank for Africa (UBA) Redeems $500-Million 5-year Eurobond
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UBA & Cellulant Join Forces to Unite Africa’s Payments Ecosystem
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6 Major African Banks Turn to IBM for Hybrid Cloud & AI
We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit “Cookie Settings” to provide a controlled consent. You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you back power. Get to meet Beautiful people, chat and make money in the process. Earn rewards by chatting, sharing photos, blogging and help give users back their fair share of Internet revenue.
Anambra election: I’ve not highjacked APC primary – Senator Uba
File Photo A leading contender for the All Progressives Congress (APC) governorship ticket, Andy Uba, has distanced himself from alleged attempts to hijack the party’s ongoing primary election. A statement in Awka, Saturday afternoon by Uba’s campaign organisation said the allegation was the last resort of people it called paper tigers. The statement read: ‘We are presently in touch with a number of false allegations where it has been stated that our principal, Senator Andy Uba has highjacked the process meant to democratically select a candidate for the forthcoming polls in November. ‘We wish to state categorically that nothing can be further from the truth as our principal, Senator Andy Uba, remains committed to the tenets of democracy and fairness and will thus not indulge in anything t...
Naira appreciates at N493 to dollar in parallel market
The naira, on Thursday, appreciated by 1.8 percent to N493 to a dollar at the parallel market as the Central Bank of Nigeria (CBN) increased forex supplies to banks. The local currency, which opened at N502 per dollar, gained N17 to N485 during midday trading before closing at N493/$1, according to data on abokiFX.com, a website that collates parallel rates in Lagos. It also appreciated against the pound sterling to close at N710 and N600, gaining N3 and N6, respectively, on the street. At the importer and exporter (I&E) window, it appreciated 0.13 percent to close at N411.50 to the dollar. Last week, Godwin Emefiele, CBN governor, met with bank CEOs and agreed to increase the amount of foreign exchange allocated to banks to meet legitimate needs. Emefiele cautioned them to ensure that...
Whistleblower petitions EFCC, justice minister over corruption in maritime academy
Pool Photo A whistleblower in the Maritime Academy of Nigeria (MAN), Oron in Akwa Ibom State, has petitioned the Economic and Financial Crimes Commission (EFCC) to investigate and prosecute the management of the institution over multiple fraud, as well as systemic and perennial corruption. In a two-page petition to EFCC by Mr. Adamu Jibrin, a staffer of the Academy dated 6th April 2021 through his Attorney, Michael Edet and Associates, and made available to newsmen in Uyo titled, “Petition of Fraud, Embezzlement, Misappropriation and Criminal Conversion of Public Funds to Personal Use by the Rector of Maritime Academy of Nigeria, Oron,” the petitioner alleged that millions of naira have been siphoned from the treasury of the academy. Copies of the petition to the EFCC Chairman, the Attorne...
Seplat issues $650 million oil and gas bond
Seplat Petroleum Development Company, a Nigerian independent oil and gas firm, has issued $650 million in aggregate principal amount of senior notes due in 2026. It is said to be the largest ever Nigerian oil and gas bond issuance. A senior note is a type of bond that must be repaid before most other debts in the event that the issuer declares bankruptcy. It is more secure than other bonds. The dual listed company said the five-year bond was well-received in the market with orders from high quality institutional investors. “The notes priced at a yield of 7.75%, representing a significant pricing reduction from its $350 million debut issuance in 2018, which priced at a yield of 9.50% , with a coupon of 9.25%,” a statement by the company read. “The offering was well oversubscribed with deman...
Court refuses to unblock Shell’s bank accounts
Getty Images Justice Oluremi Oguntoyinbo of the Federal High Court in Lagos on Tuesday declined to vacate an interim injunction directing 20 banks to block Shell Petroleum Development Company of Nigeria (SPDC) and its subsidiaries’ bank accounts. The court also insisted that two of the banks’ secretaries and chief financial officers accused of disobeying the order made on January 25, 2021 must appear before it on March 29, 2021. The affected banks and their officials are: Citi Bank Ltd, its Company Secretary Sola Fagbure and Chief Financial Officer, Sharaf Mohammed; United Bank For Africa (UBA) Plc, its Company Secretary Bill Andrew Odum and Chief Financial Officer, Ebenezer Kolawole. The judge threatened to issue a warrant of arrest against them if they failed to appear before her on the ...
Senator Uba denies hijacking APC registration exercise in Anambra
File Photo Former presidential aide and Senator representing Anambra South senatorial zone, Andy Uba, has denied reports that he has hijacked the membership revalidation and registration exercise of the All Progressives Congress (APC) in Anambra State. Uba said report of him attempting to highjack the registration of party members in the ongoing registration programme in the state was false, and should be discarded as untrue. In a statement issued by his media office yesterday, the former lawmaker said: “As you can see, the APC in Anambra State has been having a seamless registration exercise where citizens of the state, owing to the numerous successes of the federal government in the state, are daily registering in their hundreds with the party. “Part of this success can be attributed to ...
Enugu by-election: APC conducts primary, vows to resist electoral manipulation
Ahead of the October 31 by-election for Isi-Uzo State Constituency, the Enugu State chapter of the All Progressives Congress, APC, has vowed to resist all forms of electoral manipulation. Newsmen report that the seat became vacant following the demise of the member representing the area, late Hon. Chijioke Ugwueze. It was also learnt that the Peoples Democratic Party, PDP, has chosen the spouse of the late lawmaker as its candidate for the election. But the APC at its primary election on Saturday, held at Ikem Uno Community Primary School, in Isi Uzo Council area of the State elected Engr. Macdonald Ejiofor Okwor, as its consensus candidate, vowing to resist any form of manipulation. Speaking to journalists shortly after the exercise which had Comrade Adolphus Udeh as returning officer, an...
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