October 12, 2016/Reuters Nigeria’s banks have very strong capital buffers to weather the country’s economic crisis, the central bank’s director of banking supervision said on Wednesday. Tokunbo Martins, speaking at a press conference after a meeting with the heads of the country’s banks, also said the supply of foreign exchange […]
Money Market
UBA Says 2016 Nine Months Profit up 7.64%
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 […]
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 […]
