COVID-19: FG BEGINS TRANSFER OF N20,000 TO POOR HOUSEHOLD

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PASUMA BIOGRAPHY

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  Alh. Wasiu Alabi Odetola, popularly known as "Oganla one", is a Nigerian film actor, Fuji musician., Songwriter, and philanthropist. He was born on November 27, 1967 (age 54 years) in Mushin, Lagos.  Wasilat Ajibola is alh pasuma's first child. #pasuma #paso
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Union Bank Grows Gross Earnings By 19 Per Cent

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For the 2022 financial period, Union Bank of Nigeria Plc has disclosed that its gross earnings rose up 19 per cent to N208.2 billion from N175.0 billion in the corresponding period of 2021. The bank made this known in its Group audited financial statements for the year ended December 31, 2022, adding that the growth was driven by strong growth in net interest income. The Group’s net interest income increased by 33 per cent to N59.1billion in 2022 from N44.3 billion in 2021, driven by growth in earning assets, while net operating income after impairments went up by 10 per cent to N110 billion from N99.7 billion in 2021, and profit before tax rose by 47 per cent to N30.2billion in 2022 from N20.5 billion in 2021 respectively. Commenting on the results, the Managing Director/Chief Executive Officer, Mudassir Amray, said, “Despite the macroeconomic headwinds of 2022, we recorded strong performance across key financial and operational indicators. “We were focused on our strategy of deepenin...
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Things To Know From UBA's Financial Report

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  According to the report of the United Bank For Africa (UBA) has 43.5 percent growth in profit after tax to N170.3 billion in 2022 on the back of 17.5 percent and 69.0 percent increase in interest income and non interest revenu e  UBA Bank  The interest of the bank income grew from 17.5 percent to N557.2 billion, net trading and foreign exchange income grew to N72.2 billion while net fee and commission income also increased by 27 percent to N128 billion  "We attribute the former to an elevated yield environment as management was able to reprice its interest-earning assets accordingly.  The bank's non-interest revenue was supported by an increase in trading income," the analysts at Cardinal Stone said in a note  The shareholder's fund of UBA's Group rose to N922.1 billion as at  December 2022, it achieved a growth of 14.6 percent, compared to the prior year  In response to the result, Oliver Alawuba, UBA's CEO, said notwithstanding the tight and c...
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