The United Bank for Africa (UBA) is Nigeria’s most profitable bank in the first half of 2023 with an extraordinary profit of N378, 235 billion as profit as against the N70,333 billion it made in the first half of 2022, representing a 437.7 per cent profit growth. The bank also appears to be the bank that made the most money Read More
Zenith Bank, Access Bank and UBA are among the biggest spenders as thirteen publicly listed banks in Nigeria spent a whopping sum of N7.2 billion on corporate social responsibility (CSR) in 2022. According to the audited reports of the banks, the N7.2 billion spent on various CSR initiatives represented a 70 per cent decrease compared to the N23.9 billion spent Read More
Africa’s Global Bank, United Bank for Africa (UBA) Plc is proud to announce its highly anticipated “Back2School” package, designed to provide exclusive discounts and benefits for both children and their parents. As the new school session kicks off, UBA continues to fulfil its commitment to fostering a seamless educational journey with innovative offerings aimed at assisting parents in nurturing their Read More
The chairman of United Bank for Africa (UBA), Tony Elumelu, has increased his stakes in the bank by acquiring more shares, a new corporate filing on Nigerian Exchange Limited has revealed. Elumelu acquired a total of 17.43 million shares through his investment company, HH Capital Limited, to cement his spot in UBA as the largest investor. The 17.43 million shares Read More
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its unaudited results for the first quarter ended March 31st, 2023, recording remarkable growth across all its major income lines. The Bank’s result which was released to the Nigerian Exchange Limited (NGX) showed that gross earnings rose by 47.5 percent from N183.9 billion to N271.2 billion; while Interest Income Read More
As part of an effort to help the Central Bank of Nigeria (CBN) mop up Naira notes from the economy, and also help Nigerians meet the January 31, 2023 deadline for old Naira notes in circulation, some commercial banks have announced changes in hours of operation to accommodate more depositors. In a separate email to their customers and on social Read More
United Bank for Africa (UBA) Plc has reiterated its support for the growth of Small and Medium Scale Businesses as the bank announced it will once again be the headline sponsor of the 2022 edition of the Lagos International Trade Fair (LITF). UBA has since 2019 been the headline sponsor for this all-important event, and this year’s edition which is Read More
The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, the Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba and other experts from the global international markets will lead the discussions on global economic trends at the 2022 edition of the UBA Group International Banking Conference. The four-day conference which will be held between October 17th Read More
An elderly man, known as Terver Swende, received a call from someone who claimed to be a staff of UBA and asked for his pin number in order to update his account. After giving his pin, he called his son to inform him of the incident. Quickly, the son instructed him to visit the bank and report the incident. The Read More
Group Managing Director of United Bank of Africa (UBA), Oliver Alawuba has revealed that the plans of the tier one bank is to further expand beyond Africa its services to increase capital inflow into Nigeria. Alawuba who disclosed this at the bank’s closing gong ceremony on the floor of the Nigerian Exchange Limited (NGX) recently, said UBA is well positioned Read More
The United Bank for Africa Group has announced Oliver Alawuba as the new Group Managing Director overseeing all the Group’s banking operations across its twenty African country network and globally in the United Kingdom, the United States of America, France, and the United Arab Emirates. Oliver Alawuba joined UBA in 1997 and has held a series of senior positions, including Read More
Access Bank, UBA and Zenith bank led the list of 13 banks quoted on the Nigerian Stock Exchange with the highest income from electronic business in the first quarter of 2022. The revenue is generated through transactions like mobile applications, USSD channels, Automated Teller Machines (ATM), agency banking, internet banking and Point of Sales (PoS) payments. According to the financial Read More
United Bank for Africa has said that it is committed to achieving net-zero climate impact by 2050/60. Group Managing Director of UBA, Mr Kennedy Uzoka who disclosed this in the bank’s sustainability report for 2021 financial year said the board has received approval to new net-zero target. He said this is still a work in progress as the bank can Read More
The United Bank for Africa (UBA) on Wednesday, redeemed its debut $500 million 5-year Eurobond notes with the maturity date of June 8, 2022. Issued in 2017, the five-year bond was offered at a coupon rate of 7.75 per cent, and raised to support the Bank’s business in key sectors of the economy. As part of UBA’s liability management strategies, Read More
Zenith Bank, UBA, FirstBank and six other Nigerian banks spent N23 billion on business trips during the year 2021 covering the cost of travel, hotels, passages and other logistics tied to travelling within and outside the country. The others are Fidelity Bank, Sterling Bank, GTBank, Stanbic IBTC and FCMB. From analysis of data collated from their 2021 full year financial Read More
Africa’s Global Bank, United Bank for Africa (UBA) Plc has announced the expansion of the services of Leo, its Artificial Intelligence chatbot to Google Business Chat and Instagram. Leo – UBA’s AI-powered chatbot, which enables customers to make use of their social media accounts to carry out key banking transactions – was first introduced in January, 2018. It has since Read More
Stanbic IBTC Bank Plc, Standard Chartered Bank Nigeria Limited, Citi Bank Nigeria Limited, Union Bank of Nigeria Plc, United Bank for Africa Plc (UBA), Ecobank Nigeria Plc and Providus Bank are among Nigeria’s topmost investment channels in the third quarter of 2021. According to data released by the National Bureau of Statistics (NBS) entitled ‘Nigerian Capital Importation (Q3 2021), six Read More
The Lagos Chamber of Commerce and Industry (LCCI) has commended United Bank for Africa (UBA) Plc for its contribution to infrastructure development and growth of trade in the 19 countries where it operates, which is why the bank remains its preferred partner for the Lagos International Trade Fair (LITF). The President, LCCI, Mrs. Toki Mabogunje, said this while delivering a Read More
Ahead of Anambra state governorship election scheduled for November 6, the former frontline governorship candidate of All Progressives Grand Alliance (APGA) and current member of the House of Representatives, representing Aguata Federal Constituency in Anambra state, Hon. Chukwuma Umeoji, has defected to the All Progressives Congress (APC) along with two House of Assembly members and several party supporters. Umeoji defection Read More
The Coalition of United Political Parties (CUPP) Thursday reacted to the removal of the Speaker of Plateau state House of Assembly, Ayuba Abot, saying impunity of Governor Simon Lalong must be curtailed before they derail the nation’s democracy. CUPP, which linked the removal to the alleged plot by President Muhammadu Buhari to remain in power beyond 2023, added that it Read More
Governorship Candidate of the Accord Party in the November 6 election in Anambra state, Dr. Godwin Maduka, has dismissed rumours that he was about to collapse his structure into the All Progressive Grand Alliance (APGA). Dr. Maduka rather vowed to inflict crushing defeat on the APGA candidate, Prof. Charles Soludo and other contestants in the election. The governorship hopeful spoke Read More
The newly appointed Permanent Secretary of the Ministry of Youth and Sports Development, Mallam Ismalia Abubakar, has declared the sixth edition of the National Youth Games (NYG) open at the University of Ilorin. Following the declaration was a match pass parade by different states, that caught the admiration of the spectators. The opening ceremony was colourful and exciting with great Read More
New winners have emerged in the 7th edition of the United Bank for Africa (UBA) Plc Bumper Savings Promo in line with its unwavering commitment towards prioritizing its customers’ financial well-being as well as boosting savings culture in Nigeria. The electronic raffle draw, which is the 7th since inception, was held at Kairo’s Hub last week, and was witnessed by Read More
The governors of the All Progressives Congress (APC) on the platform of the Progressive Governors Forum (PGF) has described the governor of Gombe state Muhammad Inuwa Yahaya, as a ‘shining light’ even as he marks his 60th birthday. In a statement signed Saturday in Abuja by the chairman of the forum and Kebbi state governor, Abubakar Atiku Bagudu, commended governor Read More
The campaign flag-off ceremony of the All Progressives Congress (APC) scheduled to hold today ahead the forthcoming governorship election in Anambra state has been postponed to honour victims of various attacks. Governorship candidate of the APC, Senator Andy Uba, has said in a statement he personally signed. Uba said his party will not play politics with people’s lives, and added Read More
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