By InvestAdvocate Lagos (INVESTADVOCATE)-Africa’s global lender, the United Bank for Africa Plc (UBA) said on Tuesday its profit after tax (PAT) for the period ended September 30, 2016 grew 7.64 percent to N52.3 billion from N48.5 billion recorded a year ago. Profit before tax (PBT) rose the same margin of […]
Money Market
European Investment Bank and UBA Agree Record EUR 60 million New Private Sector Investment Programme
11/10/2016/UBA Plc The European Investment Bank and United Bank for Africa (UBA) have agreed a new EUR 60 million lending programme to support private sector investment across Nigeria. This represents the EIB’s largest ever loan to UBA and will allow UBA to provide longer term loans than currently available to […]
Seven banks are undercapitalised, says report
11/10/2016/Punch Oyetunji Abioye with agency report A stress test conducted by a Dubai-based international investment bank, Arqaam Capital, has indicated that seven Nigerian banks are undercapitalised to the tune of N1tn ($3.2bn). It also reported that two other banks were close to being insolvent. The investment bank said the Nigeria’s […]
