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UBA Wins Big At The Bankers Awards, Covets African Bank Of The Year, Best Bank In 8 Of Its Subsidiaries

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  • Wins Bank of the Year Africa 2023.
  • Subsidiaries Come Top in Cameroon, Chad, Ghana, Cote d’Ivoire, Mozambique, Republic of Congo, Sierra Leone, and Tanzania.

Africa’s Global bank, United Bank for Africa (UBA) Plc, has again demonstrated its prowess on the international stage as it clinched nine prestigious awards at The Bankers Awards 2023, organized by The Banker Magazine – a publication of Financial Times of London, the world’s leading business newspaper.

The prestigious awards presented to the Bank at a ceremony in London, United Kingdom on Thursday, included the highly coveted Bank of the Year Africa 2023, solidifying UBA’s position as the leading financial institution on the African continent.

The Bank’s subsidiaries also emerged as the Bank of the Year in eight of the 20 countries where it operates in Africa. The winning subsidiaries are UBA Cameroon, UBA Chad, UBA Ghana, UBA Cote d’Ivoire, UBA Mozambique, UBA Congo,  UBA Sierra Leone, and UBA Tanzania, underscoring the bank’s dominance and impact across diverse African markets. It is noteworthy that this would be the second time in the past three years that the Bank has won the regional award as the best bank in Africa, as it had emerged winner in 2021.

UBA’s Group Managing Director, Oliver Alawuba, who received the awards on behalf of the bank, expressed his gratitude and excitement about the awards, and said the recognitions come as a reassurance that the bank is on track in its goal of consolidating its leadership position in Africa, and creating superior value for its stakeholders.

“UBA is honoured to be named the Bank of the Year in these eight countries and to receive the overall Award for Africa. This accomplishment is a testament to the hard work, dedication, and innovative spirit of the entire UBA team. We remain committed to delivering top-notch banking services that positively impact the lives of our customers across the continent.

Continuing, Alawuba said, “We have our millions of customers across the globe and our many thousands of staff to thank for this. They are the very reason why we keep winning and receiving these accolades.”

The Banker Awards is widely recognized as a benchmark for banking excellence globally, and UBA’s multiple victories underscore the institution’s commitment to providing exceptional financial servicesand superior financial intermediation on the continent. As Africa’s Bank of the Year, UBA has demonstrated its ability to navigate the complexities of the African banking landscape and emerge as a leading force in driving economic growth and financial inclusion.

Speaking earlier about UBA’s consistent excellence in the financial services sector across the continent which has earned the bank great accolades overtime, Editor of the Banker, Joy Macknight, said that as always, UBA remains a clear winner across a wide range of criteria, having performed impressively across its footprint with a strong financial performance across most of its markets.

“In a year of strong competition among the continent’s major banking groups, UBA has gained the edge on its rivals to win the Bank of the Year award for Africa for the 2nd time in three years. Congratulations. The award recognises the bank’s strength across Africa, including many of its most competitive markets,” Macknight stated.

Since 1926, the Bank of the Year awards has been celebrating the best of global banking and is regarded as the industry standard for banking excellence.

Just recently, UBA won the 2023 FMDQ Gold Awards in three Categories including the Best FX Liquidity Provider,  Dealing Institution of the Year and Best Money Market Liquidity Provider. This recognition is a testament to UBA’s impressive capital strength and capacity to provide liquidity to the Nigerian financial market even in the face of harsh economic realities. Despite the headwinds, UBA Group has consistently maintained its position as Nigeria’s leading financial institution.

In June, the banking group announced impressive half-year financial results, and further increased the performance in Quarter 3, 2023, with profit before tax (PBT) soared to N502.01 billion, Shareholders’ Funds standing strong at N1.778 trillion, and total assets, reaching N16.24 trillion.

These outstanding figures not only reflect UBA’s institutional strength, but also demonstrate its position as a corporate role model in Nigeria and across Africa.

United Bank for Africa Plc is a leading Pan-African financial institution, offering banking services to more than thirty-five (35) million customers, across 1,000 business offices and customer touch points in 20 African countries. With presence in New York, London, Paris, and Dubai, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross-border payments and remittances, trade finance and ancillary banking services.

BIG STORY

Economic Hardship: Express Your Grievances In A Responsible And Mature Manner — VP Shettima To Nigerians

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Nigeria’s Vice President, Alhaji Kashim Shettima, says the federal government expects Nigerians to express their grievances over the current economic crisis in a responsible and mature way.

Speaking on Saturday at the University of Lagos (UNILAG) Muslim Alumni’s 29th pre-Ramadan lecture, Shettima said that if the alternatives had been feasible, the government could have chosen a simpler course of action instead of its current course.

The event was themed “Economic Reforms for Nigeria: Challenges and Prospects for the Future”.

Shettima, who was presented by Hakeem Baba-Ahmed, his special adviser on political matters, said all the options before the President Bola Tinubu-led administration are difficult.

He said the government is left with no choice than to adopt certain policies which are “more telling on the poor”.

Several states, including Lagos, Imo, Kaduna and Oyo have, in the past weeks, staged protests to express their reservations over the hunger and high cost of living in the country.

The Nigeria Labour Congress (NLC) also staged a nationwide mass protest on February 27 over the economic hardship being faced by Nigerians.

“The consequences of our past are the stark realities we face today, such as rising cost of living and pessimism over our prospect to turn round our economy in the direction of growth and inclusive development,” Shettima said.

“Yet, my brothers and sisters, we do not have the choice of continuing in the direction that brought us where we are today. We have to fix this country, and failure to do this is not an option. All the options we have are difficult and challenging, and they are, without a doubt, more telling on the poor. If there are easier and reliable alternatives to the policy choices we have adopted, we wold have adopted them.

“Our administration does not plan to make lives of Nigerians more difficult. Nor do we intend to deceive fellow citizens that the change in direction and the expected outcome can be achieved without pain or sacrifices.

“Fellow alumni, I appeal to you to help make space for our administration to achieve the goal of turning our nation around. As products of a distinguished institution, we have learnt that progress is only possible if it is informed by criticism and critical scrutiny. We expect that Nigerians should express their feelings over our circumstances in a responsible and mature manner.”

The vice president further said that the federal government is aware that the forthcoming Ramadan “will come with severe challenges for most Nigerians”.

He added that as “deeply religious people”, Nigerians believe in the powers of prayer and faith that God will ease the hardship.

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Report Nigerian Officials Who Demand Bribes — Tinubu To Qatari Investors

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Nigeria’s President, Asiwaju Bola Ahmed Tinubu, has asked Qatari investors to bring their investments to Nigeria, encouraging them to report any public officials who demand bribes.

Speaking at the Nigeria-Qatar business and investment forum in Doha on Sunday, Tinubu told the investors that Africa’s largest economy and its systems are being reformed and upgraded.

According to a statement on Sunday, the president assured the international business community that Nigeria is ready for serious business, pledging to remove all bottlenecks hindering profitable and legitimate enterprise.

He encouraged Qatar’s captains of industries to report any government official who demands a bribe or any form of inducement at any point in their business endeavour, assuring them of direct access to his office.

“I am here to give you the assurance that reforms are going on; forget about whatever you heard in the past. Whatever is the obstacle or problem that some of you might have experienced; it is in the past, because there is no obstacle in the future,” he said.

“Do not offer a bribe to any of our people, and if it is requested or taken from you, report to us. You will have access to me.

“Nigeria will no longer be defined by the past, but by what we do now and moving forward. Do not let perceptions become a hindrance to your will to invest. Nigeria is serious about revolutionizing investment promotion.

“We are removing obstacles today and we are going to continue to remove all obstacles. We have done so much within nine months. And I am assuring you, it is free entry, and free exit. Your funds will flow smoothly into and out of our country. Bring your investments.”

He said Nigeria possesses vast opportunities in various fields, telling his host that the West African nation is rich in mineral resources.

“We have oil and gas; we have solid minerals. I do not see why we cannot become prolific partners in exploring iron ore, as well as steel production, and energy across the board,” he said.

“I am here to give you assurances in all spheres: tourism, hospitality, healthcare, and in many other opportunities that abound around us. Do not be the investors who miss out on the golden opportunity we present.”

Tinubu also said the war against corruption and insecurity in Nigeria has been significantly strengthened with the appointment of Nuhu Ribadu as the national security adviser (NSA).

“We have a man who has won many global awards for anti-corruption as an anti-corruption czar,” he said.

“My responsibility is to tell you that Nigeria is open for business, and to assure you that your investments are safe in our hands. We have men and women of great reputation here. And we believe we can forge a good committee that will advance our discussions to fruitful conclusions.

“A nation is an artificial entity unless there are good people to drive it. People build great nations and we have great people. We are ready.”

Welcoming the Nigerian delegation, Sheikh Mohammed Bin Hamad Bin Qassim Al Abdullah Al Thani, Qatar’s minister of commerce and industry, said his country looks forward to exploring opportunities in Nigeria, owing to its population demography and market, as it seeks to prioritise new investments in low carbon initiatives, mineral products, petroleum chemicals, industry, and consumables.

Accompanying the president to the Nigeria-Qatar business forum were Babagana Umara Zulum, Borno governor; Uba Sani, Kaduna governor; Babajide Sanwo-Olu, Lagos governor; Wale Edun, coordinating minister of the economy and minister of finance; Dele Alake, minister of solid minerals development; Muhammad Ali Pate, coordinating minister of health and social welfare; Adegboyega Oyetola, minister of marine and blue economy; Doris Uzoka-Anite, minister of trade, industry and investment; Jamila Bio Ibrahim, minister of youth; and Ekperipe Ekpo, minister of state for petroleum resources (Gas).

Others include Nuhu Ribadu, national security adviser; Olu Verheijen, special adviser on energy; and Dele Kelvin Oye, president of the Nigerian Association of Chambers of Commerce and Industry, Mines, and Agriculture (NACCIMA).

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BIG STORY

Olori Omo Oba Hit 67 And Still Waxing Stronger By Seun Oloketuyi

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Alhaji Wasiu Omo Gbolahan Olasunkami Adewale Ayinde is a man of destiny, focused and passionate about what he wants.

Or, what do you call a man, who rose from the streets of Isale Eko chasing his dreams to be a musician highly insipired by Islamic beliefs before trying out as an actor and then going back fully to Fuji, a genre of music that has blessed him and vice-versa.

Over the years, the princely singer from the Fidipote family has remained focused with his eyes firm on the crystal balls.

Despite his royal status, the Ijebu people, humanity, building bridges and indeed the entertainment industry have been the better for it as he remains one of the biggest act from Africa as at today.

KWAM 1 or K1- de Ultimate as many love to call him, loves his root – the Yoruba people – and undoubtedly, he loves his Ijebu root more and that’s why he has moved back home for about a decade.

Since moving back to Ijebu, he has established businesses and continues helping the development of the land.

Little wonder, the Awujale of Ijebuland, the highly respected Monarch, sees KWAM 1’s efforts and contribution to the growth of the revered Ijebuland and decided to reward him by bestowing upon him the important title of Olori Omo Oba – a position formerly occupied by banking doyen Otunba Subomi Balogun until his demise.

Alhaji Wasiu is 67 today in good health and we pray his tenure is peaceful and brings progress.

Long May you live Olori Omo Oba

Long May you live Awujale

Long May Ijebu prosper

 

Seun Oloketuyi is the Producer of Awujale Biopic

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