Browsing: UBA

Organised by Independent Newspapers Limited, the award was presented to Babalakin, through his representative and Head, Corporate Communications, BASL, Chief Steve Omolale, by former Ogun State governor, Chief Olusegun Osoba, at a colourful ceremony attended by the crème la crème of the society at Eko Hotel and Suites, Victoria Island, Lagos.

The terminals will provide a secure and convenient payment option for its esteemed customers resident within these locations
Speaking on the launch, the Head of Corporate Communications, Ikeja Electric, Felix Ofulue, explained that the partnership with UBA affords Ikeja Electric the opportunity to bring efficient service delivery closer to the customers

The News Agency of Nigeria reports that market capitalisation lost N180 billion or 1.95 per cent to close at N9.075 trillion against N9.255 trillion recorded on Monday following massive losses by blue chip equities

NAN reports that this was against 83.83 million shares worth N711.12 million traded in 2,279 deals on Monday.
The Financial Service Sector remained the toast of investors as UBA emerged the most traded in volume terms, accounting for 39.91 million shares valued at N322.13 million

The All-Share Index lost 16.26 points or 0.06 to close lower at 27,420.99 points compared with 27,437.25 posted on Wednesday

Also, the market capitalisation rose by N90 billion or 0.94 per cent to close at N9.687 trillion, compared with N9.597 trillion achieved on Tuesday.
NAN reports that the market growth was contrary to operators’ expectations that investors would react negatively to hike in the interest rate from 12 per cent to 14 per cent

MasterCard and UBA are partnering across the 19 African countries in which UBA currently operates: Nigeria, Benin, Burkina Faso, Cameroon, Chad, Cote D’Ivoire, Democratic Republic of Congo, Equatorial Guinea, Ghana, Gabon, Guinea, Guinea-Bissau, Kenya, Liberia, Mozambique, Republic of Congo, Senegal, Sierra Leone, Tanzania, Uganda and Zambia

The Company said: “Fitch Ratings has downgraded First Bank of Nigeria Ltd’s (FBN) and United Bank for Africa’s (UBA) Long-Term Foreign Currency Issuer Default Ratings (IDRs) to ‘B’ from ‘B+’. The Outlooks are Stable. The agency has also downgraded the National Long-Term Rating of FBN Holdings Plc (FBNH), the parent holding company of FBN, to ‘BBB+(nga)’ from ‘A(nga)’