The United Bank for Africa (UBA) has continued to set the pace for other banks in the country with strings of inspiring achievements which have made it live up to its Africa’s Global Bank appellate, reports thegazellenews.com. Speaking on Monday, 20 May, 2024, at a World Press Conference to mark the 75th Anniversary of the bank in Lagos, the Group Managing Director and Chief Executive Officer of the Bank, Oliver Alawuba, stated that the Bank has pioneered several banking innovations in the banking industry which have made the leading bank in Nigeria. According to Alawuba, “UBA was the first commercial…
Author: The Gazelle News
The Osun State Police Command, have said that they have arrested a manager in one of the branches of First Bank Plc in Osogbo, Mr Adeniyi Talabi, for allegedly stealing the sum of N650 million belonging to 35 customers of the bank. A statement by the Police Public Relations Officer (PPRO) of the command, Yemisi Opalola, claimed that the suspect perpetrated the fraud by obtaining the said amount under false pretenses from the victims and stealing the amount through an illegal transaction called proof of funds. The PPRO who noted that the suspect had been suspended by the bank, added that an investigation into the…
By Abimbola Ogunnaike Nine alumni of the Faculty of Law of the Lagos State University (LASU) Ojo, Lagos have been appointed judges of the Lagos High Court. The nine were part of the 13 judges recently appointed to the Lagos State High Court. The institution disclosed this in a post on its X handle on Monday, 20 May, 2024. According to the statement, the number is the highest ever recorded at a given time by the institution. The statement read, “The alumni are: Hon. Justice Sunmonu Tunde Bashiru, Hon. Justice Alebiosu Olawale Lawal, Hon. Justice Anjorin-Ajose Tanimola Abdulwaheed, Hon. Justice…
The Minister of Solid Minerals Development, Dr. Dele Alake has solicited the support of the Senate for increase in funding for the ministry to enhance its capacity to carry out detailed exploration of the nation’s vast mineral deposits. Speaking during the opening session of the investigative hearing of the Senate Committee on Solid Minerals, Alake identified the twin issues of poor funding for exploration and insecurity as the main challenges hampering the development of the mining sector whilst limiting its role as the pivot of diversification of the economy. Alake bemoaned the country’s low investment in mining exploration. $ 2.5…
By Temitope Ajayi Since his first trip abroad as President of Nigeria to Paris in June last year, where he joined other world leaders at the New Global Financial Pact Summit convened by President Emmanuel Macron, President Bola Tinubu has undertaken many other important trips where he has drawn global attention to the new realities in Nigeria and indeed Africa. On those trips, he emerged as the chief salesman of Nigeria and Africa. Like his previous travels where he had forcefully spoken, with admiration, on behalf of Nigeria or for West Africa as Chairman of ECOWAS Authority of Head of…
Oyo State Governor, ‘Seyi Makinde, said his administration has successfully created strong institutions that will stand the test of time and make the state thrive across different sectors. The governor noted that states do not need strong governors or administrators but strong institutions that can make them do well and add value in all ramifications. Governor Makinde stated this on Thursday, 9 May, 2024, when he signed the Oyo State Project Monitoring Agency Bill (2024) into Law, at the Governor’s Office, Secretariat, Agodi, Ibadan. He stated that though his administration met a Bureau of Public Procurement and Governor’s Monitoring Team…
A chieftain of the All Progressives Congress, Jesutega Onokpasa, has revealed that certain appointees of President Bola Tinubu are plotting to succeed him before the end of his tenure and are seriously wishing that the President will not make it to 2027 for their selfish reasons. Onokpasa, a lawyer and former member of the APC Presidential Campaign Council for Asiwaju Bola Tinubu, who lamented the alleged hypocrisy, pull him down mentality and anti-party activities going on in the governing party, laid curses on those he accused of wishing Tinubu dead, saying, “If they don’t repent, Asiwaju will attend their funeral.”…
United Bank for Africa Plc (UBA), Africa’s Global Bank, released its financial results for the first quarter ended 31 March, 2024, showing very strong growth across key performance measures. The Group’s results, which were released to the Nigerian Exchange Limited (NGX) on Friday, 3 May, 2024, saw outstanding year-on-year increases: Gross Earnings rose by 110%, from N271.1billion to N570.2 billion; Interest Income grew by 130%, to N440.7 billion. Operating Income increased by 115%, from N175.7 billion in 2023, to N378.59 billion. Further consolidating the record performance delivered in the Group’s 2023 Full Year Audited Financials, UBA again saw Profit Before…
By Abimbola Ogunnaike The Deputy Speaker of the House of Representatives, Benjamin Kalu has told Nigerians that President Bola Tinubu is not to blame for the present economic crisis in Nigeria. Kalu made this statement on Sunday, 5 May, 2026 after he feted orphans, widows, PWDs and the aged at his home in Abia State to celebrate his 53rd birthday. The Deputy Speaker responded to questions from reporters, explaining that Tinubu is making a lot of effort to correct the mistakes of the past administrations, which led to the present economic problems. “The hardship we are passing through was not…
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede has called on youths across the country to stay away from internet fraud to safeguard their future. This call was made on Wednesday, May 2, 2024 at a leadership training themed: Exploring the Tools of Leadership to Curb the Rising Tide of Social Vices among Nigerian Students. According to him, youths ’involvement in internet fraud is a threat to their future because of the risks of conviction and associated complications. He also said that internet fraud is causing reputational damage to Nigeria in the comity of nations…