By Musa Adamu with agency report

Unity Bank said on Wednesday that it had climbed to a pre-tax profit of 10.87 billion naira ($72.5 million) in the nine months to September from a loss of 11.79 billion naira a year earlier, Reuters has reported.

The United Bank for Africa Plc (UBA) has released its third quarter (Q3) 2010 financial results, underlining its strong operating performance and inherent resilience in a challenging environment.

Stories by Musa Adamu

The Central Bank of Nigeria (CBN) has granted provisional approval for new licences to 121 out of the 224 Micro-finance Banks, (MFBs), whose licences were recently revoked, subject to the fulfillment of some specific requirements within three months.

By Abdulrahman Abdulraheem

The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and MTI Holland B.V., a member of IHC Merwede Group, have begun discussions to sensitise  Niger Delta youths and train them on how to take advantage of the business opportunities that abound in the dredging industry.