Browsing Tag

UBA

Arise TV Boss Attacks UBA’s Tony Elumelu

The Managing Director of the Arise TV, Ijeoma Nwogwugwu, has called out the chairman of Heirs Holdings and the United Bank for Africa (UBA), Tony Elumelu, for allegedly giving preferential treatment to foreign media companies over local ones. Elumelu had shared photos of himself with CNN’s Richard Quest at the Heirs Holdings head office in Ikoyi, Lagos. Quest and his team had apparently visited the Heirs Holdings head office for an interview with the business mogul. Elumelu captioned the photo: “started off the…

Transcorp Appoints UBA Marketing Chief As New CEO

The Group Head, Marketing of United Bank for Africa, one of Nigeria's leading banks, Dupe Olusola has been appointed the new Managing Director/Chief Executive Officer (MD/CEO) of Transcorp Group's subsidiary- Transcorp Hotels Plc. The development was disclosed Wednesday, 12 February 2020, in a publication by Transcorp on the website of the Nigerian Stock Exchange, where the company announced 6 significant appointments to its board and executive management, which will take effect from March 25, 2020. “Dupe Olusola has…

Nigeria Stock Exchange Record 0.19% First Gain In December

The Nigerian Stock Exchange (NSE) has made its first gain in December with the all share Index appreciating by 0.19 % on Wednesday. All-Share Index increased by 49.79 points or 0.19 % to close at 26,434.00 compared with 26,384.21 posted on Tuesday. Also, the market capitalisation which opened at N12.734 trillion rose by N24 billion or 0.19 % to close at N12.758 trillion. Consequently, the Month-to-Date and Year-to-Date losses moderated to -2.10 per cent and to -15.90% respectively. Market analysts attributed…

Nigerian Business Leaders Lament ‘Hateful’ Xenophobic Attacks In South Africa

Following the recent xenophobic attacks on foreigners in South Africa, Nigerian business mogul Femi Otedola has condemned the menace saying the whole continent needs to come together to fight the injustice. In a statement posted on his verified Twitter handle on Wednesday, Otedola said “My heart cries for my Nigerian brothers and sisters who have been senselessly killed in South Africa. I strongly condemn this hateful discrimination and xenophobia. I pray for us to come together as a continent…

N1.2bn Fraud: Court Remands Ex-INEC Chairman, Iwu

A former Chairman of the Independent National Electoral Commission (INEC), Maurice Iwu, has been remanded in the custody of the Economic and Financial Crimes Commission (EFCC). Iwu who is being arraigned on a four-count charge bordering on money laundering, was remanded by a Federal High Court in Lagos on Thursday. The EFCC accused the former chairman of aiding the concealment of N1.2 billion between December 2014 and March 2015. The said sum was in the bank account of Bioresources Institute of Nigeria Limited…

Why Young Africans Are Obsessed With Other Countries –Tony Elumelu

The Chairman of the United Bank of Africa (UBA), Tony Elumelu, on Thursday in Paris disclosed why African youths migrate to other countries. Speaking at Tech for Summit organised by President of France, Emmanuel Macron, Elumelu said African youths have lost hope on the economy. This, he said, has led to a high rate of youth migration. “Africa needs this type of gathering. We are a continent with over 60% of its people under the age of 30, they need economic opportunities, they need hope. “I represented the…

Tony Elumelu Receives Early Christmas Gifts From Ooni Of Ife

The Chairman of the United Bank of Africa (UBA), Tony Elumelu, was on Tuesday presented with gifts from the Ooni of Ife, Oba Adeyeye Enitan Ogunwusi Akande. The monarch, expressing gratitude for the support of UBA to the Oduduwa nation, sent ambassadors to the UBA House to present Elumelu with the painting of the famous ‘Tutu’ by Ben Enwonwu and other gifts. The Ooni of Ife @OoniAdimulaIfe sent ambassadors to #UBAHouse today bearing gifts for Chairman @TonyOElumelu in recognition of his support and contribution to the…

UBA Now Lets Nigerians Spend More On Their Debit Cards Abroad

The United Bank Of Africa, UBA has finally made life easier for its customers with the gift of withdrawing up to USD100.00 per day with international cards from automated teller machines (ATMs) in Western Europe, the USA, Canada, Africa and Australia. This was contained in a statement signed by the Group Managing Director/CEO of UBA, Mr. Kennedy Uzoka. The financial institution, however, acknowledged other locations to adopt this latest review and promised to advise customers once the services have been restored.…

Macron Donates $1bn To African Entrepreneurs

The French President, Mr Emmanuel Macron, on Wednesday, signed a 1bn Dollars French Development Agency (AFP) investment agreement to support the growth of African Entrepreneurs. Macron made the announcement during a 15-minute interactive session hosted by Tony Elemulu Foundation for 2000 African entrepreneurs at Victoria Island in Lagos. Speaking at the session, the president urged African entrepreneurs to have a change of mindset and quit thinking that it is: "impossible to succeed in my country "but rather try to…