UBA Profit Grows to N804bn in 2024, Declares N3 Kobo Final Dividend Solid core earnings drive growth in profitability, returns Kayode Tokede
The United Bank for Africa (UBA) Plc has released its audited financial results
for the full year ended December 31, 2024, with all its major indicators witnessing significant improvement. The 2024 financials, filed with the
Nigerian Exchange Limited (NGx) yesterday, showed an impressive rise in the bank’s profit after tax which went up by 26.14 percent to close
the year at N766.6 billion, up from N607.7 billion recorded at the end of the 2023 fiscal year. The bank’s gross earnings also
grew significantly from N2.08 trillion recorded at the end of the 2023 financial year to N3.19 trillion in the period under consideration,
representing a 53.6 percent growth. Like in the previous years, the Continued on page 30
Chatham House: Nigeria’s Failure to Curb Corruption Leading to Impunity, Clientelism... Page 6 Tuesday 25 March, 2025 Vol 30. No 10943. Price: N400
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Idris: Tinubu Will Lift Emergency Rule in Rivers as Soon as Normalcy is Restored L-R: Former Presidential Candidate of the Labour Party, Mr. Peter Obi; Former President Olusegun Obasanjo; The celebrant, former Deputy Speaker, Rt. Hon. Emeka Ihedioha; Former Secretary-General of the Commonwealth, Chief Emeka Anyaoku; and Former Vice President, Atiku Abubakar, during a colloquium held in Abuja, to PHOTO: SUNDAY AGHAEZE. mark the 60th birthday of the former deputy speaker
Minister of Information and National Orientation, Mohammed Idris, has hinted that President Bola Ahmed Tinubu will end the state of emergency in Rivers State Continued on page 30
Obasanjo: Democracy Has Failed in Africa; Obi: It’s Collapsing in Nigeria Kukah, Tambuwal differ Anyaoku warns against military coups in sub-Saharan Africa Obi’s aspiration, not democracy, is dead, says Omokri Atiku, others shower praises on Ihedioha at 60
Chuks Okocha in Abuja
Former President Olusegun Obasanjo and erstwhile governor of Anambra State, Mr. Peter Obi, yesterday, had a very concerning take on democracy in Africa and Nigeria, respectively. While Obasanjo declared that democracy in Africa was not just failing, but actually dying, attributing the decline to a lack of alignment with African values and realities, Obi concluded that democracy was already collapsing in Nigeria, as successive governments knocked down preceding efforts. But Catholic Bishop of Sokoto Diocese, Matthew Kukah, and former governor of Sokoto State, Senator Aminu Tambuwal, differed slightly, saying democracy is work-in-progress. Former Secretary-general of the Commonwealth of Nations, Chief Emeka Anyaoku, warned that democracy would be in danger in Africa in view of military putsch in some sub-Saharan African countries. They all spoke at the 60th birthday Continued on page 30
SIGNING OF MOU BETWEEN LIFC, THE CITY UK, AND FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE...
L-R (Front Row): Head, Eurasia, Middle East and Africa for The City UK, Chika Mourah; Director, International Development, The City UK/FCDO, Anna Rogers; Commissioner for Finance, Mr. Abayomi Oluyomi; and CEO, EnterpriseNGR, Mrs. Obi Ibekwe. Back Row: Lagos State Head of Service, Mr. Olabode Agoro; Secretary to the State Government, Barr. ‘Bimbola Salu-Hundeyin; Commissioner for Economic Planning and Budget, Mr. Ope George; Chargé d’Affaires, British Deputy High Commission Lagos, Mr. Simon Field; Governor Babajide Sanwo-Olu; Chairman of EnterpriseNGR and Co-Chair of the LIFC, Mr. Aigboje Aig-Imoukhuede; Commissioner for Commerce, Cooperatives, Trade & Investment, Mrs. Folashade Ambrose-Medebem; and Special Adviser to the Governor on Corporate Finance & Strategy, Mr. Akintayo Sanwo-Olu, during the signing of a Memorandum of Understanding (MOU) between Lagos International Finance Centre (LIFC), The City UK; and the Foreign Commonwealth and Development Office (FCDO) at Lagos House, Marina, yesterday