Allcitynews.blog.com

  Posted by allcitynews.ng  As part of its developmental goals, United Bank for Africa Plc,  leading Pan-African financial institution, has released its unaudited financial results for the first quarter ended March 31, 2026, demonstrating resilient operating performance and continued balance sheet strength despite a moderated profitability environment. Gross earnings increased by 5% to ₦801.5 billion, driven by growth across key revenue lines. Interest income also rose 6.9% to ₦641.1 billion, while non-interest income grew 17.3% to ₦137.1 billion, highlighting the Group’s expanding and diversified revenue base. Net interest income advanced 10.5% to ₦383.7 billion, supporting a 12.2% increase in operating income to ₦520.8 billion, demonstrating sustained momentum across core banking operations. The bank recorded notable improvement in key profitability and efficiency metrics, reflecting a more sustainable earnings profile. While return on average equity ...

  Posted by allcitynews.ng Africa’s Global Bank, United Bank for Africa (UBA) Plc has announced its audited financial results for the year ended December 31, 2025, recording total assets growth of 9.4 per cent to N33.2 trillion up from N30.3 trillion at the end of 2024, alongside an 11.8 per cent increase in customer deposits from N24.3 trillion in 2024 to N27.2 trillion. The results released to the Nigerian Exchange Limited on Friday, showed that the Group also delivered strong gross earnings of N3.09 trillion from N3.19 trillion recorded the previous year. Although recording a slight drop in gross earnings, the performance was still strengthened by resilient core business fundamentals and a diversified Pan-African footprint, even as the year reflected a strategic repositioning of its balance sheet for sustainable long-term growth. Overall, the bank’s 2025 performance was impacted by prudent and forward-looking risk management decisions, including loan loss provisions of N331...

      By Owei Lakemfa Taiwan is a defined territory with claims to being a sovereign state. This is partly because powerful countries like the United States,US; Japan, New Zealand, Australia and the European Union member countries, maintain strong informal diplomatic and economic relations with it.  Claiming to be the Republic of China, ROC,  Taiwan is the world’s leading producer of advanced semiconductors with a GDP of over $34,000. It also possesses impressive military capability, including Abraham tanks high-altitude and ballistic missiles.   Taiwan has the mentality of the butterfly which because it has wings and can fly, assumes it is a bird. But in reality, a person is who he is, not what he claims to be. In this wise, Taiwan, despite its claims of being sovereign in the last 77 years, is not a state. Even its pretentious seating as a permanent member of the United Nations Security Council, UNSC, for 26 years from 1945, could...

  ...Participants hail programme as transformative and future-focused Participants with staff members of Ecobank and DHL at the capacity‑building programme Posted by allcitynews.blog Ecobank Nigeria, in partnership with DHL, has successfully concluded a three‑week intensive capacity‑building programme aimed at equipping Small and Medium Enterprises (SMEs) with the skills, tools, and insights required to scale beyond local markets and compete globally. The programme brought together entrepreneurs across diverse sectors and focused on critical growth enablers such as cross‑border trade, e‑commerce opportunities, logistics, customs procedures, and international shipping—key pillars for sustainable expansion in today’s increasingly connected global marketplace. Participants described the initiative as impactful, practical, and transformative. Founder of Lagos‑based fashion brand  Debsfray ,  Dolapo Fatoki , said the training addressed long‑standing business challenges...

  By allcitynews.ng  Apparently concerned on how to grow stronger economy, Aliko Dangote has called  for fully self-reliance and internally production of all products. According to him, "We must design, fabricate, produce what we consume, build power grids. "True economic independence is impossible without technical sovereignty. We must fabricate, design and build what we consume. We will remain the fiercest advocates for local content, which is key." The President of the Dangote Group who called for urgent investment in local manufacturing and power infrastructure, also emphasised that Nigeria must design, fabricate and build what it consumes to achieve true economic independence.  Dangote who recently announced a proposed 650,000 barrels-per-day refinery in East Africa as part of a $40 billion investment drive. Dangote is always advocating for local production. He highlighted the need for improved electricity infrastructure, describing it as critical to industrial ...

  By allcitynews.ng  Nestlé Nigeria Marks 15 Years of Transformative Impact, Celebrates New Generation of Skilled Graduates. The celebration is a testament that in Nestlé Nigeria, it is no longer just about numbers or investment,  that it is about lives changing, careers builder, and a growing ecosystem of skilled professionals shaping the future of Nigeria’s industrial sector. Through its Technical Training Centres and broader youth initiatives, the company continues to turn promise into possibility, one graduate at a time. In a moment that blended celebration with purpose, Nestlé Nigeria marked 15 years of sustained investment in youth development by graduating twenty trainees from its Flowergate Technical Training Centre—an initiative that has steadily evolved into one of the country’s most impactful technical empowerment programmes. More than a graduation ceremony, the event stood as a testament to a long-term vision: equipping young Nigerians with the skills, discipl...