10

May

Ten Customers Win 1 Million Naira Each In The UBA Savings Promo

United Bank for Africa (UBA) Plc, a pan-African financial institution, has rewarded ten of its loyal customers with a total amount of N10 million in the current UBA Savings Promo’s quarterly draws. This promo, which is held every quarter, is designed to thank the bank’s long-term customers and to provide new opportunities for potential and intending customers to join the increasing number of UBA millionaires who have previously benefited from many promotions. The virtual and clear electronic draw, which took place on Friday, was broadcast live through Zoom and the Facebook platform in strict accordance with the Federal and Lagos […]

07

May

Sterling Bank’s Dividend Payment Has Been Approved By Its Shareholders

Sterling Bank Plc shareholders approved resolutions for the payment of a five kobo per share dividend for the fiscal year 2020. The approval was given at the bank’s 59th annual general meeting, which was held by proxy in Lagos and streamed live through digital channels on Thursday, according to a statement titled “FY 2020: Shareholders commend Sterling Bank’s improved performance.” In a difficult year, Sterling Bank’s Chairman of the Board of Directors, Mr Asue Ighodalo, said the bank concentrated on the continued strategic growth of its core pillars – digitisation, agility, and specialisation. “Despite the harsh economic environment triggered by[…]

06

May

Bank Directors Want The Sector’s Corporate Governance To Be Better

Mrs Osaretin Demuren, President of the Bank Directors Association of Nigeria, has urged bank directors to improve their corporate governance practices in order to ensure the banking sector’s stability and transparency. On Wednesday, she said this at BDAN’s 24th annual general meeting in Lagos. It is important, she believes, to ensure that director appointments are duly accepted and that only eligible applicants are selected. “Bank directors should be trained in corporate governance. “You have to find out on what basis you’re hiring directors, and not everyone is corporate governance-compliant,” she said. “We have progressed beyond banking to the point where[…]