₦airaland Forum

Sunofgod:
If you were a good actor it would not be that way!

Lie!

Mpeace:
Stop it.
I say stop mixing McDowell with Alomo, they are not from the same family.
We still like to see ur face.

Flier:
The same Ikechukwu that promised to kill as many SARS as possible anytime they comes his way

I expected him to have secretly done the needful instead of mourning on the WWW.

I have heard you. Now do something like a man.

Mpeace:
Them don open market on top their shareholders head.
When I grow up,
I want to be a company director

Where one man goes and dances and receives award, another will go and dance and receive koboko/Bulala. Maybe during your time, Company Directors will be given Xenophobic treatments by investors.

Stop showing video evidence because somebody at the top does not understand the type of technology used.

emmanuelewumi:
Nigeria is a very poor country, a research by McKinsey said just 2 million people earned N3 million and above.

The guy should think of how he can build a 3 bedroom bungalow with N6 million and below and he will get a huge market for his services.

Even the foremost real estate firm UAC Property Development Company, have been declaring serious losses in the last five years.

Very true. I hope they heed your advice.

No testimony? Abi, no job done yet?

Bull waiting for September school fees sales to be completed before doing the needful.

yarimo:
Primaries election of losers

No rigging here unlike the APC Rigger-generalsimo.

fergie001:
He can't defeat Bello....

Bello is a master rigger, very fraudulent.

OBAGADAFFI:

Welcome to Sambisa Forest.

That's the truth.

Buhari is only interested in his tribesmen and his religion.

Any time corruption in NNPC under PMB is mentioned, I remember Ms Kemi Adeosun who was shown the way out of govt for having the effrontery to question non-remittances of some monies by NNPC. Well, Baba is using the NNPC to settle his Northern brothers.

UBA Recorded 21% Increase In Profit, Declares Interim Dividend

Africa’s foremost financial organisation, the United Bank for Africa Plc had declared its audited half-year financial returns for the period ended June 2019, noting impressive increase across key performance indices as well as a vital contribution from its African subsidiaries.

In contempt of the increasingly random environment witnessed in some of its countries of operations, the pan-African financial institution delivered double-digit growth in its profit before tax as it rose by 21 per cent to N70.3 billion for the half-year to June 2019, up from the N58.1 billion recorded in the similar period of 2018, just as its profit after tax also improved to N56.7 billion, a 29.6 per cent growth compared to N43.8 billion achieved in the corresponding period of 2018.

The profit for the first half of the year translated to an annualised return on average equity of 21.7 per cent.

According to its results filed with the Nigerian Stock Exchange, UBA recorded a 14 per cent year-on-year rise in top-line, with gross earnings of N293.7 billion, compared to N257.9 billion recorded in the corresponding period of 2018.

Analysts said the performance emphasised the capacity of the Group to deliver strong performance through economic cycles in spite of the overall challenging business environment.

As of 30 June 2019, the bank’s total assets grew by 4.8 per cent, crossing the N5 trillion mark to N5.10 trillion. Its customer deposits also rose by 4.8 per cent to N3.51 trillion, compared to N3.35 trillion as at December 2018. This growth trajectory underscored UBA’s market share gain, as it increasingly wins customers through its revitalised customer service culture coupled with innovative digital banking offerings.

The bank’s shareholders’ funds remained strong at N542.5 billion, reflecting its strong capacity for internal capital generation.

In line with its culture of paying both interim and final cash dividend, the Board of Directors of UBA declared an interim dividend of N0.20 per share for every ordinary share of N0.50 each held by its shareholders.

Commenting on the results, the Group Managing Director/CEO, UBA, Mr Kennedy Uzoka said: “I am pleased with the half-year performance of the Group, having delivered 14 per cent growth in gross earnings and 21 per cent growth in profit before tax. Despite the subdued yield environment in some of our large markets, we achieved a nine per cent growth in interest income and defended the net interest margin.

“We also achieved a 39 per cent growth in our electronic banking revenues, as we broaden and deepened our digital banking play across Africa. Revenues from our remittance and funds transfer businesses grew 69 per cent and 53 per cent respectively. All these factors attest to the efficacy of our strategies and the resilience of our business model.”

He further stated, “I am very optimistic that the ongoing Group-wide transformation programme, will in the quarters ahead, enable the bank to deliver substantial operational efficiencies and best-in-class customer service, which will ultimately boost earnings.

“We sustained our asset quality with the NPL ratio down to 5.62 per cent, from 6.45 per cent as at 2018 full year. We will continue to adopt best practice standards to grow and manage the portfolio in the quarters ahead.”

Also speaking on UBA’s results, the Group CFO, Mr Ugo Nwaghodoh, stated: “We had a strong start in the year given the prevailing macroeconomic environment across our various markets.

“There is better diversification in profit contribution as our banking subsidiaries across Africa contributed 38 per cent of the profit before tax, whilst our recently repositioned UK business contributed four per cent. We expect this dispersion to continue, as the subsidiaries consolidate on their share of the various markets.

“I am particularly delighted that the key ratios are trending in the right direction. The net interest margin is trending upwards and will continue to improve as we responsibly grow the risk asset portfolio and realign the funding mix to lower our cost of funds.

“The cost-to-income (CIR) ratio trended down to 60 per cent with our focus on balance sheet and operational efficiencies which should enable us to deliver our medium-term CIR target. Capital adequacy ratio increased to 28 per cent, from 23.6 per cent in December 2018, providing a very strong buffer for asset growth.”

UBA, Africa’s global bank, was founded 70 years ago in Nigeria and today, operates in 20 African countries and in the United Kingdom, the USA and with presence in France. UBA serves over 17 million customers across the globe with more than 1,000 branches and touchpoints.

SOURCE:https://brandspurng.com/2019/09/02/uba-recorded-21-increase-in-profit-declares-interim-dividend/

APCHaram:
And that same Sharia that they use to cage and oppress their own fellow Muslims is what they use to get same total political support from their Muslim mob.

The Fulani are masters at using religion to advance a political cause.

They used Islam to brainwash the Hausa to join their revolt to dethrone their kings and from there seized power for themselves.

They used same Islamic affiliation to rally Yaribansa Muslims to destroy the Old Empire from where Ilorin was lost forever to Sokoto.

Up till this moment, Fulani has an ever ready ally with Yaribansa Muslims to undermine the SW towards Sokoto's agenda. Just look at the makeup of the SW APC under Tinubu and compare with the only SW opposition to the APC and Buhari. Afenifere is made up of mostly Christians.

Gbam!

babaolofin:
Yes it did more than demolition. It enslaved their mental ability to free worship as practiced in a secular state as enshrined in our constitution. We are heading somewhere.

If Nigeria is a secular state according to the constitution, then no state should be a Sharia (Islamic) state.

A president is repairing his country. Citizens of other damaged and bastardized countries are cursing and insulting him. Wetin concern una? Tell your president to repair una country.

Mcy56:
Blogger's version. See the clarification letter here.....they're still going to sell but awaiting SEC approval.

http://www.nse.com.ng/Financial_NewsDocs/27464_FORTE_OIL_PLC._CORPORATE_ACTIONS_AUGUST_2019.pdf

Abi o

[quote author=dipoolowoo post=81780061]Forte Oil Shareholders Told to Suspend Proposed Sale of Shares
https://businesspost.ng/2019/08/31/forte-oil-shareholders-told-to-suspend-proposed-sale-of-shares/

No date of this instruction

Rubicon67:
A servant or master to what?

Example, Servant to United States and Master in Nigeria. Masters in Nigeria spoil Nigeria to go and serve US,

Rubicon67:
Another bad belle post.

Are Nigerians with dual nationality our problem?

You are either a servant or a master. You cannot be both at the same time.

ogbonti:
hater spotted!

You can not serve 2 masters......Fake loyalty spotted.

citruslimited:
So BH now use rocket propelled granite?
There is trouble.

May God protect us !!!!!

That is small na. Boko haram has anti-aircraft guns mounted on trucks. They use drones too. What about tanks?

The insurgents are more business minded than the Nigerian Army ogas at the top.

With time, Nigerians with dual citizenship would not be allowed in Nigeria political sphere.

On this FO thing, everybody should follow his/her mind. After all, FO and most stocks on NSE, if not all stocks on NSE, have been on the down trend for the past 3 months.