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UBA H1 2024: Loss on Derivatives and High OPEX weigh on H1 Profit

September 30, 2024/CSL Research UBA’s H1 2024 audited numbers showed a strong 134.3% y/y growth in Interest Income to N1,003.6bn driven mainly by growth in Interest Income on Investment Securities and loans. Q/q, Interest Income was up 27.7% in Q2 2024 compared with Q1 2024. Net Loans to customers grew […]

SEC Charges Olayinka Oyebola and His Accounting Firm With Aiding and Abetting Massive Fraud

September 30, 2024/US SEC The Securities and Exchange Commission today charged Olayinka Oyebola and his Public Company Accounting Oversight Board-registered accounting firm, Olayinka Oyebola & Co. (Chartered Accountants), with aiding and abetting a massive securities fraud perpetrated by Mmobuosi Odogwu Banye, also known as Dozy Mmobuosi, and three related U.S. […]

NGXASI Gains +0.10% to Start Week, Buoyed by ACCESS, UBA, OANDO

September 30, 2024/InvestmentOne Report The NGXASI advanced today by 0.10% to close at 98,558.79pts as investors buy interest in UBA (+9.90%), OANDO (+9.84%) and ACCESSCORP (+5.64%) drove the local bourse into the positive zone. In the fixed income space, the Treasury Bills secondary market closed on a flattish note, this was primarily driven […]