UBA, NiDCOM deepen collaboration to unlock diaspora capital for Nigeria’s growth
United Bank for Africa (UBA) has strengthened its partnership with Nigerians in Diaspora Commission to promote investment from Nigerians living abroad. The move is aimed at supporting Nigeria’s economic growth through diaspora contributions. UBA’s Group CEO, Oliver Alawuba, made this known during a meeting with NiDCOM officials led by Abike Dabiri-Erewa at the bank’s UK […]
Nigerian Banks That Have Secured Their Licences
Nigeria’s banking sector is undergoing a major transformation as banks work to meet new capital requirements set by the Central Bank of Nigeria (CBN). Introduced in March 2024, these requirements aim to create stronger and more resilient banks capable of supporting large projects and boosting the country’s economy toward a $1 trillion target. Banks were […]
Tinubu mourns victims of Lagos Island fire
President Bola Ahmed Tinubu has sent heartfelt condolences to the families of those who lost their lives in the fire outbreak that occurred on Tuesday at the Afriland Building on Broad Street, Lagos Island. In a statement issued by his Special Adviser on Information and Strategy, Bayo Onanuga, the president also sympathized with organizations affected […]
Nigeria and France Ink €300m Deal to Enhance Agriculture and Food Security
On Thursday, Nigeria’s President Bola Tinubu and France’s President Emmanuel Macron signed two significant agreements in Paris aimed at enhancing agriculture, food security, and infrastructure development. These agreements, signed during an economic forum at the Palais des Élysée, are part of President Tinubu’s state visit to France. The event also saw important business milestones, such […]
Two Men Arrested for Attempting Money Ritual with Sand from Banks
In a recent bizarre incident, two men were arrested for trying to carry out a money ritual using sand collected from three different bank locations. The banks involved were Access Bank, Wema Bank, and UBA. According to their confession, the men had a plan to use sand taken from these banks in their ritual. They […]