January 4, 2019/UBA Plc Over 5,000 staff of the United Bank for Africa (UBA) Plc, started the new year with a lot of cheer as the bank yesterday announced its promotion to new grades as well as salary upgrades with immediate effect this January. Those who are beneficiaries of this […]
Money Market
CBN Releases Circular on Pre-Authorisation of Cards in Nigeria
December 30, 2019/CBN As part of its commitment to facilitate the development of the Nigerian payments system and deepen the adoption of various electronic payment options available to users, the Central Bank of Nigeria (CBN) has identified the predominant use of Single messaging format for POS transactions as an obstacle […]
Fitch Revises Outlook on 4 Nigerian Banks to Negative on Sovereign Action
December 24, 2019/Fitch Ratings Fitch Ratings has revised the Outlooks on the Long-Term Issuer Default Ratings (IDR) of four Nigerian banks, Zenith Bank plc (Zenith), Guaranty Trust Bank plc (GTB), United Bank for Africa plc (UBA) and Bank of Industry Limited (BOI), to Negative from Stable and affirmed their IDRs […]
