United Bank for Africa (UBA) has successfully raised N157.84 billion through a rights issue, exceeding the Central Bank of Nigeria's N500 billion minimum capital requirement. The offer was oversubscribed by 113%, demonstrating strong investor confidence.
United Bank for Africa (UBA) has officially exceeded the Central Bank's N500bn capital requirement for international banks. The feat, achieved via a N178.3bn rights issue, positions UBA for expansion ahead of the March 2026 deadline. Read the full details
Nigerian banks accelerate recapitalisation ahead of March 2026 CBN deadline. GTCO, Zenith, UBA lead as sector's market cap hits N16.14 trillion. Read the full analysis.
The Central Bank of Nigeria has directed commercial banks to guarantee steady cash flow in ATMs and branches nationwide. This follows a successful festive season with minimal scarcity.
Kaduna State clarifies it will not borrow for its 2026 N985.9bn budget, using IGR and allocations instead. Education and infrastructure get 25% each. Read details.
Ahead of 2027, Kaduna State becomes a political battleground. Governor Uba Sani, ex-governors El-Rufai and Makarfi, and insecurity shape the race. Will APC hold or will ADC's new alliance disrupt?
Nigeria's healthcare and education systems face severe neglect, with fewer than 35,000 doctors for 200 million people. Explore the impact of insecurity and the resilience of Nigerians. Read more.
Nigerian banks will implement a N50 stamp duty levy on electronic transfers of N10,000 and above starting January 1, 2026. Learn what's changing and which transactions are exempt.
From January 1, 2026, Nigerian banks will charge senders a N50 stamp duty on electronic transfers of N10,000 and above. Learn about the new levy and other CBN-approved charges.
FirstBank, UBA, Stanbic IBTC, and Union Bank warn customers to be vigilant against scams targeting mobile apps and USSD banking. Protect your OTPs and PINs.
Kaduna State's 2026 budget allocates N100m to each of its 255 wards for grassroots projects. Education receives the largest share at 25% of the N985.9bn budget. Read details of the historic plan.
Nollywood actor Charles Okocha's dramatic reaction to a $50 Christmas gift from billionaire Tony Elumelu has gone viral, sparking mixed reactions from fans online.
A 20-year-old man, Chisom Uba, was stabbed to death by his cousin during an argument over a phone charger in Ihiala, Anambra. The victim's uncle also participated in the attack. Read the full story.
Kaduna Christian clerics applaud Governor Uba Sani for fairness, equity, and inclusive governance during the state's Christmas carol. Read how his leadership is fostering peace.
Governor Uba Sani signs Kaduna's N985.9bn 2026 budget, prioritizing education with 25%. See the full sectoral breakdown and focus on grassroots projects.
UBA, Lagride & Lagos State launch a $100m 'Drive to Own' scheme. 3,500 drivers can own a car with 10% equity. CEO shares personal story of driver father. #Empowerment #Lagos
Kaduna State Governor Uba Sani attended the 2025 Christmas carol, urging unity and highlighting his administration's achievements in roads, health, and agriculture. Read more.
Delaware Supreme Court overturns ruling, allowing Elon Musk to collect his $56 billion Tesla compensation. Get the full details on this landmark legal reversal.
A Delaware appeals court has reversed a 2024 ruling, clearing the way for Elon Musk to receive his contested $56 billion Tesla compensation package. Discover the full story and its implications.
A Delaware court has reversed a previous ruling, clearing the way for Tesla CEO Elon Musk to receive his contested $56 billion compensation. Get the full details on this landmark business decision.
Conoil Plc announces a massive ₦2.428 billion dividend payout for 2024, rewarding shareholders with 350 kobo per share. Discover how the company achieved 60.5% revenue growth amidst Nigeria's economic challenges.
Governor Uba Sani approves enhanced conditions for Kaduna teachers, extending retirement to 65 years and introducing rural allowances to improve education quality and retain experience.
Governor Uba Sani finalises a $200m poultry deal with China, set to create 350,000 jobs and generate $450m annually for Kaduna State. Read the full story.
Governor Babagana Zulum discloses Borno State spent about N100 billion on security in 2025, stalling road projects and development. Read about the impact and plans.
A Nigerian man received an unexpected birthday celebration from UBA staff while withdrawing money. Watch the viral video and see how the bankers' gesture shocked him.
United Bank for Africa partners with Lions Group and Wakanow to offer exclusive discounts and cashback for the festive season via the UBA Red Pass. Get access to premium Lagos events.
Kaduna's free CNG bus service has transported over 1.4 million passengers, saving residents N1.39 billion in fares. See the full impact of Governor Uba Sani's transport scheme.
Governor Uba Sani accelerates Kuwait's $62.8m support for Kaduna's education, healthcare, and agriculture. Over 100,000 out-of-school children targeted. Read more.
Kaduna ALGON refutes reports of withheld local government funds, defends Governor Uba Sani's record. Association calls out 'misleading' claims and former politicians.
President Bola Tinubu nominates former Chief of Defence Staff General Christopher Musa as minister-designate. Kaduna Governor Uba Sani praises the appointment as a vote of confidence in Nigeria's security.