National assembly approves $5.5bn budget loan, $22.7bn facility for Buhari

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The House of Representatives has approved President Muhammadu Buhari’s request for the federal government to borrow foreign loans totalling $22.79 billion.

FEC reduces budget 2020 from N10.594trn to N10.523trn

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The federal executive council yesterday approved the revised the 2020 Budget from N10. 594 trillion signed into law by President Muhammadu Buhari...

FAAC disbursed N1.945trn to FG, states, LGs in Q1, 2020 –...

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The Nigeria Extractive Industries Transparency Initiative (NEITI) has said in its latest report that the Federation Accounts Allocation Committee (FAAC) disbursed N1.95...

Bank customers complain of cheating through ATM charges

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Commercial bank customers have decried excess charges by banks through automated teller machine (ATM) withdrawals. Some customers said they dread making withdrawals using other banks’...

UBA, Access Bank, Lafarge, Seplat migrate to NSE’s corporate governance premium...

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The chief executive officer of the Nigerian Stock Exchange (NSE), Mr. Oscar Onyema, has announced the listing of UBA, Access Bank, Lafarge, and Seplat...

CBN lends banks N27.6tr in six months

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Banks borrowed N27.46 trillion from the Central Bank of Nigeria (CBN) in six months, according to the apex bank’s half year report on financial...

UBA London subsidiary gets regulatory approval

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United Bank for Africa (UBA Plc) has announced that its London subsidiary has obtained regulatory permission to carry out wholesale banking services in the...

UBA, AFD sign agreement of SMEs financing across Africa

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United Bank for Africa (UBA) Plc, and Agence Française de Development (AFD), France’s public and solidarity-based development bank, have entered into a framework agreement...

UBA, CDB sign $100 million loan agreement to grow African SMEs

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United Bank for Africa (UBA) Plc and the world’s largest development financial institution, China Development Bank have signed a $100 million seven-year loan agreement...

UBA introduces chat banking personality on social media

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United Bank for Africa (UBA) has unveiled Leo, the bank’s artificial intelligence Chat Banker that enables customers make use of their social media accounts...
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