UBA moves to maximise benefits from mining sector

February 26, 2024 David Agba 0

Africa’s Global Bank, United Bank for Africa (UBA) Plc has reaffirmed its unwavering commitment to spearhead economic growth across the continent through targeted policies aimed at maximizing the benefits derived from the mining and oil sectors. To this end, the bank is poised to collaborate with the Economic Community of West Africa States (ECOWAS) towards implementing strategic initiatives that will Read More

UBA’s $6bn partnership with AfCTA to boost Africa’s trade

November 16, 2023 David Agba 0

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has restated its commitment towards deepening intra-Africa trade to attain self-reliance and economic development. Abuja According to the bank, it is important for Africa to be deliberate about the economic liberation drive of the continent. UBA’s Deputy Managing Director, Muyiwa Akinyemi, said this during the Africa Day celebration at the ongoing Read More

UBA gets $150m Afreximbank facility to cushion effect of Ukraine war

November 14, 2023 David Agba 0

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has received a trade finance facility worth $150m from the African Export-Import Bank The facility forms part of Afreximbank’s Ukraine Crisis Adjustment Trade Financing Programme for Africa (AKAFPA), and the signing ceremony for the trade finance was concluded, by both institutions, on the sidelines of the ongoing Intra-African Trade Fair, organised Read More

UBA, Saudi Exim Bank partner to enhance business relations, export growth

November 10, 2023 David Agba 0

The United Bank for Africa (UBA) Plc, and Saudi Export-Import Bank (Saudi EXIM), have announced a partnership aimed at strengthening business growth and enhancing economic cooperation between their economies. To this end, both institutions signed a Memorandum of Understanding (MoU) on November 9, 2023, to foster economic cooperation and trade relations between the two entities. The MoU was signed on Read More

UBA restates commitment to SMEs’ financing across Africa

November 8, 2023 Benjamin Umuteme 0

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reiterated its unflinching commitment to support small and medium scale businesses (SMEs) in Nigeria and across Africa to succeed and contribute meaningfully to their economies and the continent as a whole. The bank’s management made this pledge at the official opening of the 37th Lagos International Trade Fair (LIFT) 2023, Read More

CIBN confers highest honour on UBA’s Alawuba

October 24, 2023 Blessing  Anaro 0

The Group Managing Director/CEO United Bank for Africa (UBA), Oliver Alawuba has been bestowed the Fellowship of the Chartered Institute of Bankers of Nigeria. Alawuba was conferred with the highest honour for bankers during the Institute’s 2023 investiture ceremony held in Lagos at the weekend, rereceiving the award alongside other 20 distinguished Nigerians across banking, finance and aviation. This prestigious Read More

UBA business series: Experts emphasise discipline, consistency for wealth mgt

October 17, 2023 Blessing Anaro 0

Financial experts have advised Small and Medium Scale Enterprises (SMEs) owners and operators on essential tips that will help them create and manage their wealth successfully especially in the tough economy and business climate. Speaking during the United Bank for Africa (UBA) Business Series hybrid event at the bank’s Head office in Lagos on Thursday, the financial experts and entrepreneurs Read More

More millionaires to emerge in UBA ‘Super Savers’ draw

October 11, 2023 Benjamin Umuteme 0

Africa’s Global Bank, United Bank for Africa (UBA) Plc has said that its upcoming Super Savers Draw promises to bring more excitement and opportunities to its valued customers. In line with its commitment to rewarding loyalty and promoting a culture of savings, UBA will be giving the opportunity for more of its customers to become millionaires through its Super Savers Read More

2023: UBA Nigeria’s most profitable bank in second half

September 27, 2023 Segun Odunewu 0

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, Access, UBA lead as 13 banks spend N7.2bn

September 13, 2023 Segun Odunewu 0

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

UBA’s back to school package offers discounts, benefits for children, parents

September 1, 2023 Benjamin Umuteme 0

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

Elumelu increases stakes in UBA, acquires 17.43m more shares

May 31, 2023 Segun Odunewu, 0

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

UBA group posts 47.5% growth in gross earnings as profit hits N61.4bn

April 17, 2023 Amaka Ifeakandu 0

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

Emefiele, Alawuba, others lead at UBA America conference

October 17, 2022 David Agba Abuja 0

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

Letter to UBA Zakibiam branch, Benue state

October 6, 2022 Admin III 0

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

We’re expanding our services beyond Africa – UBA

September 15, 2022 Segun Odunewu Lagos 0

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

UBA announces Oliver Alawuba new Group Managing Director, others

August 1, 2022 David Agba Abuja 0

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 lead with highest e-business income

July 25, 2022 segun Odunewu, Lagos 0

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

UBA redeems $500m 5-year Eurobond

June 8, 2022 BlessingAnaro, Lagos 0

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