Headlines

UBA posts 83% growth in earnings, reaches N2.3trn in Q3 2024

DailyTimesNGR DailyTimesNGR 22 October 2024 0

BY TEMITOPE ADEBAYO United Bank for Africa (UBA) Plc has said that the bank’s gross earnings grew significantly by 83.2 per cent to N2.398 trillion up from N1.308 trillion recorded in September last year. Its unaudited results for the third quarter ended September 30, 2024, shows net Interest

Headlines

75th Anniversary: UBA sets for N500bn recapitalisation to boost Nigeria’s $1trn economy

DailyTimesNGR DailyTimesNGR 21 May 2024 0

By Motolani Oseni United Bank for Africa (UBA) has announced plans to seek shareholders’ approval this Friday for its N500 billion recapitalisation. This move is in line with the Central Bank of Nigeria’s (CBN) efforts to strengthen the banking sector, a crucial step towards achieving the Nigerian government’s $1 trillion economic goal. During a global […]

Brands and Marketing

UBA’s Back to School package offers exclusive discounts, benefits for children, parents

Ihesiulo Grace 5 September 2023 0

Africa’s Global Bank, United Bank for Africa (UBA) Plc has announced 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

Business

UBA’s diversified businesses hedges against financial risks

Ihesiulo Grace 24 October 2022 0

Africa’s Global Bank, United Bank for Africa (UBA) Plc has said that its diversified business model in key international markets on the continent and around the world, continues to act as a hedge and to position the Group to better mitigate business risks arising from the financial, economic and political environment. UBA Group Managing Director/Chief […]

Headlines

UBA posts 12.6% profit growth in H1 2022

Ihesiulo Grace 9 September 2022 0

By Temitope Adebayo Africa’s Global Bank, United Bank for Africa (UBA) Plc has announced its audited financial results for the half year ended June 30, 2022, recording a 12.6 per cent appreciation in Profit Before Tax (PBT) to N85.7billion, up from N76.2billion recorded in the same period of 2021. The financial institution, which recorded double-digit […]

Headlines

UBA’s gross earnings surpassed N600 billion, profit hit N132 billion in 2020

Ihesiulo Grace 9 March 2021 0

Pan-continental financial institution, United Bank for Africa Plc (UBA) has announced its audited results for the full-year ended December 31, 2020, recording impressive growth across its top and bottom lines. The 2020 audited financials filed at the Nigerian Stock Exchange (NSE) on Monday, showed that the bank’s gross earnings grew by 10.8 per cent to […]

Business News Politics

N41bn Fraud: “I’m unperturbed by UBA’s threat” -Senator Akinyelure

Ihesiulo Grace 6 August 2020 0

Chairman, Senate Committee on Ethics, Privileges and Public Petitions, Senator Ayo Akinyelure (PDP Ondo Central) has said that he was not in anyway, threatened by the  threat made by the United Bank for Africa (UBA) against him over planned probe of alleged N41billion withdrew by the bank without authorization from accounts of Nigerian Telecommunications Limited […]

Business

UBA revamps Kiddies, Teens accounts

Ihesiulo Grace 28 May 2020 0

Customers to get 13th month reward, scholarships, other benefits Pan African financial institution, United Bank for Africa (UBA) Plc, is set to reward consistent customers with a 13th month cash reward as well as access to scholarships in the upgraded and revamped UBA Kiddies and Teens Accounts. To qualify for these exciting rewards, customers need […]

Business News

Shareholders laud UBA for dividend payout, support against COVID-19

Ihesiulo Grace 30 April 2020 0

The United Bank for Africa (UBA) Plc shareholders, on Wednesday, commended the bank for declaring a dividend of N34.19 billion for the financial year ended Dec. 31, 2019. READ ALSO: Stop politicising Kano strange disease, Presidency warns The shareholders at the meeting, also commended the Board of Directors and management for the proactive role that […]

Business

UBA reports 8.5% increase in PBT to N32.7bn

Ihesiulo Grace 27 April 2020 0

United Bank for Africa Group (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2020, showing double-digit improvement across all its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an impressive 8.5 per cent year-on-year growth […]

Business

UBA warns customers against scammers

Ihesiulo Grace 17 April 2020 0

United Bank for Africa (UBA) Plc, has called on its customers to exercise utmost caution in their banking transactions and ensure that they do not fall prey to any nefarious activities during the Coronavirus lockdown period. Specifically, UBA has urged its customers not to divulge any sensitive personal information regarding their bank and or card […]

Business

COVID-19: UBA, Fidelity Bank, FCMB announce 2019 AGM by proxies

Ihesiulo Grace 8 April 2020 0

Fidelity Bank Plc and United Bank for Africa (UBA) on Monday fixed April 29 and 30 respectively as the new date for their 2019 Annual General Meeting (AGM) by proxies due to the COVID-19 pandemic. FCMB Group recently notified its shareholders that its 2019 AGM on April 28 would be by proxy. However, UBA in […]

Business Featured Headlines

UBA donates N5bn to fight Coronavirus in Africa

Ihesiulo Grace 27 March 2020 0

United Bank for Africa Plc (UBA) on Thursday announced a donation of over N5 billion or $14 million, through the UBA Foundation, to catalyse a comprehensive pan-African response to the fight against the coronavirus global pandemic. The donation will provide significant and much needed support to Nigeria and 19 other African countries, by supplying relief […]

Covid-19

UBA Group to provide N5bn to fight coronavirus in Africa

Ihesiulo Grace 26 March 2020 0

Lagos The United Bank of Africa (UBA) Group says it will provide the sum of N5 billion ($14 million) as COVID-19 relief support across Africa. The bank stated this in series of tweets in its verified Twitter handle @UBA Group on Thursday. The company said “to catalyze a comprehensive pan-African response to the fight against […]

Business Featured Headlines

UBA increases profit to N111bn in 2019

Ihesiulo Grace 2 March 2020 0

..Proposes final dividend of N.80 Despite the challenging business environment in Nigeria, the United Bank for Africa Plc (UBA) has announced an increase in Profit Before Tax (PBT) to N111.3 billion in its audited results for the full-year ended December 2019, compared to N106.8 billion declared in the corresponding period of 2018 financial year. The […]

News

Court issues arrest warrant on 4 UBA staff over alleged N33.69m fraud

Ihesiulo Grace 20 February 2020 0

The Federal High Court in Yenagoa on Thursday issued a warrant mandating the arrest of four staff of the United Bank for Africa Plc (UBA) charged with alleged cyber crime, fraud and diversion of N33.69 million. Justice Abimbola Awogboro made the order following the failure of the suspects to appear in court to respond to charges in […]

Crime Featured

Alleged N33.69m fraud: Court issues warrant of arrest on 4 UBA staff

Ihesiulo Grace 20 February 2020 0

 The Federal High Court in  Yenagoa,  on Thursday issued a warrant mandating the arrest of four staff of United Bank for Africa PLC (UBA) charged with alleged cyber crime, fraud and diversion of N33.69 million. Justice Abimbola Awogboro made the order following failure of the suspects to appear in court to respond to charges in […]

Featured

Alleged scam: witness tells court how Faisal Maina withdrew N58m from UBA

Ihesiulo Grace 16 December 2019 0

An EFCC operative, Mohammed Goji, on Monday, revealed how Faisal Maina, son of Abdulrasheed Maina, former Pension Reform Task Team boss, withdrew N58 million from a United Bank for Africa (UBA) account. The News Agency of Nigeria (NAN) reports that Goji, who is a Principal Detective Superintendent with the anti-graft agency, is also the second […]

Brands and Marketing Business

Africans do not need aid, our young people need investments-Elumelu

Ihesiulo Grace 6 November 2019 0

In his drive to promote entrepreneurship, the Chairman of United Bank for Africa (UBA) and Heirs Holdings, Tony Elumelu, has stressed that Africans do not need aid, rather the young people need investments to build their businesses. Elumelu, stated this while opening the ‘ambition Africa” conference organised by the France Invest Africa Club in Paris, […]

News

UBA launches first self-creating debit card in Nigeria

Ihesiulo Grace 4 November 2019 0

United Bank for Africa plc (UBA) has launched a self-creating debit card machine, the first of its kind in Nigeria. Speaking at the 33rd opening ceremony of the Lagos International Trade Fair, the Deputy Managing Director, of the bank, Mr Victor Osadolor said the self-creating debit card would encourage increased usage of debit card and […]