UBA
UBA, Zenith, GTBank, 2 other banks hit N3.3 trillion in profit in 2024
About five Nigerian banks have reported a combined profit after tax of N3.317 trillion in 2024, despite harsh economy and the naira depreciation.
IMF appoints Tony Elumelu, others to advisory council on entrepreneurship
Tony Elumelu will work closely with other global business leaders, policymakers, and academics, to identify and proffer solutions to barriers to entrepreneurship.
Elumelu urges investors to tap into Africa’s $450 billion economic growth target: “Invest, not aid”
Tony Elumelu lamented how many foreign partners regard Africa as a problem to be solved with aid, ignoring the many potentials present on the continent.
Stock market records first gain in 5 days as investors loss over N500bn in one week
The Nigerian stock market closed the third week of March 2025 with another loss, leaving investors to count their losses as market sentiment remains down.
UBA releases CBN’s National Domestic Card for easy payments, explains features
The United Bank for Africa (UBA) has unveiled the AfriGo Card, the National Domestic card payment solution designed by the Central Bank of Nigeria and NIBBS.
Billionaire Tony Elumelu explains why Nigeria must hit 2 million bpd of crude oil production
Nigerian billionaire, Tony Elumelu have explained why it is crucial for Nigeria to achieve 2 mbpd crude production, and shared what his company is doing to make...
Nigerian Billionaire, Tony Elumelu, shares why he diversified into oil and gas, others
Nigerian billionaire, Tony Elumelu has shared reasons he diversified from banking into oil and gas sector. He encourages entrepreneurs to bet on themselves.
Zenith, UBA, Access, others increase rate for customers to borrow money as CBN announces policy changes
The average maximum lending rate in the banking sector jumped to 31.06% in November 2024, the highest level since 2019 when it was 31% following the CBN's MPR hike.
Dormant accounts rise as Zenith, Access, UBA activate 102 million bank accounts in 2024
According to data from the Nigeria Inter-Bank Settlement sector, there were 311.65 million active accounts in the Nigerian banking industry as of December 2024.
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