BUSINESS

Islamic Bank approves $1.8bn to finance Nigerian projects

Daily Dispatch October 25, 2022

In a bid to drive economic growth in Nigeria, the Islamic Development Bank has sanctioned $1.8bn to finance several key projects in the country. This was disclosed by the President of the Saudi-based bank, Dr Mohamed Jasser, at a meeting with the Minister of Finance, Budget and National

BUSINESS

Q3 2022: UBA records 12.3% profit growth, declares N608bn in gross earnings

Daily Dispatch October 25, 2022

The United Bank for Africa (UBA) Plc, Africa’s Global Bank, has released its unaudited financial results for the third quarter of 2022, ended September 30, recording impressive growth across all major indices. The result follows on the trend of its remarkable performance in the first two quarters of the year. Specifically, the bank said Gross […]

BUSINESS

8th Anniversary: Air Peace Splashes Free Tickets on Customers, Promises More Connectivity

Daily Dispatch October 24, 2022

Air Peace is celebrating its 8th Anniversary today and is giving customers and frequent flyers free flight tickets. The airline’s stations nationwide are decorated to reflect the celebrations and it has initiated a couple of social media activities to reward lucky customers with free flight tickets. The Spokesperson of Air Peace, Stanley Olisa, expressed delight […]

BUSINESS

Alawuba: UBA’s diversified businesses hedge against financial risks

Daily Dispatch October 24, 2022

United Bank for Africa (UBA) Plc has said that its diversified business model in key international markets on the continent and around the world, continues to act as an hedge and to position the group to better mitigate business risks arising from the financial, economic and political environment. UBA Group Managing Director/Chief Executive Officer, Oliver […]

BUSINESS NEWS

Polaris Bank: Union tasks buyers on job security of staff

Daily Dispatch October 24, 2022

The National Union of Banks, Insurance and Financial Institutions Employees, NUBIFIE, has urged the new owners of Polaris Bank to ensure that the jobs of the existing staff are secured. The union made the call in a statement signed by its Secretary General, Mr Sheikh Muhammed, on Sunday, following the recent sale of the bank. […]

BUSINESS

CBN, NIBSS launch National Domestic Card Scheme for Nigeria

Daily Dispatch October 23, 2022

The Central Bank of Nigeria (CBN), has in line with its mandate to promote stability, inclusion and growth in the financial and payment system,announced the introduction of a National Domestic Card Scheme effectiveJanuary 16, 2023. The Director, Corporate Communications, CBN Osita Nwanisobi, disclosed this in a statement. He said, “Nigeria is Africa’s largest and most […]