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UBA Posts N147bn Q1 Profit as Operating Income Rises 12.2%, Signals ‘Transition Year’ After 2025 Recapitalisation

April 25, 2026

United Bank for Africa (UBA) Plc reported profit after tax of N146.6 billion for the first quarter ended March 31, 2026, down 22.8% from N189.8 billion in Q1 2025, as the lender flagged 2026 as a “transition year” following its recapitalisation and

Business News·News·Top Stories

UBA’s Assets, Deposits Climb in 2025; Q1 2026 Results Due Today

April 25, 2026

United Bank for Africa (UBA) Plc closed the 2025 financial year with total assets of N33.2 trillion, up 9.4% from N30.3 trillion in 2024, while customer deposits rose 11.8% to N27.2 trillion from N24.3 trillion, according to audited results released to the

News·Top Stories

Sanitation Row Deepens in Lagos as Wahab, Rhodes-Vivour Clash Over Monthly Cleanup Policy

April 24, 2026

A fresh policy push to revive Lagos State’s monthly environmental sanitation exercise has triggered a public exchange between the state government and opposition figure Gbadebo Rhodes-Vivour, highlighting deeper disagreements over how best to tackle waste management in Africa’s largest city, Prime Business

Business News·FEATURES·Top Stories

Naira Records Mixed Fortunes Against Dollar In FX Markets

April 24, 2026

A N0.45 kobo decline was recorded in the foreign exchange (FX) rate for the United States dollar (USD), which was traded at N1,395.79 kobo per $1 on Friday, April 24, in the black market. According the black market aggregator, Naira Rates, the

News·Top Stories

Oyedele Assumes Office as Finance Minister, Pledges Reform-Driven Economic Agenda

April 24, 2026

The newly appointed Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has formally assumed office following an official handover from his predecessor, Wale Edun, expressing appreciation for what he described as the foundation already laid in the management of

News·Politics·Top Stories

Tinubu Swears in Darma as Housing Minister

April 24, 2026

President Tinubu on Friday swore in Dr Muttaqha Rabe Darma as Minister of Housing and Urban Development, following his confirmation by the Senate, Prime Business Africa reports. Dr Darma, who hails from Katsina State, replaces Ahmed Musa Dangiwa, who recently stepped down

Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

Business News·FEATURES·Top Stories

Wema Bank, Zichis Agro, Others Add N1.85trn To Nigeria Stock Market Cap

April 24, 2026

The stock market recorded N1.85 trillion gain on Friday, April 24, after the market capitalisation of the Nigerian bourse increased to N145.33 trillion. According to data from the Nigerian Exchange (NGX), also known as the stock market, the market capitalisation increased from

Business News·Opinion

Perspectives On Banks’ Recapitalisation And Economy

April 24, 2026

By Arize Nwobu The Central Bank of Nigeria( CBN) has been proactive and methodical in formulating policy measures to stabilise and boost the economy towards achieving sustainable growth. The Bank started by first of all rolling back the frontiers of

Finance & Economy·News·Top Stories

Sanusi Backs Tinubu Reforms, Questions Continued Borrowing After Subsidy Removal

April 24, 2026

The Emir of Kano, Muhammadu Sanusi II, has backed key economic reforms introduced by the administration of President Tinubu, while raising concerns over continued government borrowing and the execution of those policies, Prime Business Africa reports. Speaking during a televised interview, Sanusi

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Latest

UBA Posts N147bn Q1 Profit as Operating Income Rises 12.2%, Signals ‘Transition Year’ After 2025 Recapitalisation

UBA’s Assets, Deposits Climb in 2025; Q1 2026 Results Due Today

Sanitation Row Deepens in Lagos as Wahab, Rhodes-Vivour Clash Over Monthly Cleanup Policy

Naira Records Mixed Fortunes Against Dollar In FX Markets

Oyedele Assumes Office as Finance Minister, Pledges Reform-Driven Economic Agenda

Tinubu Swears in Darma as Housing Minister

Wema Bank, Zichis Agro, Others Add N1.85trn To Nigeria Stock Market Cap

Perspectives On Banks’ Recapitalisation And Economy

Sanusi Backs Tinubu Reforms, Questions Continued Borrowing After Subsidy Removal

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