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 […]
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 […]
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, […]
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 […]
The federal government has approved N2.244 billion for the rehabilitation and upgrading of water supply in eight towns affected by insurgency in Adamawa state. Adamawa state Project Coordinator, Maurice Vunobolki, made this known in Yola on Thursday during the contract signing agreements with the six contractors for the immediate take-off of the eight–month projects. He […]
The United Bank for Africa (UBA) has announced the commencement of its chat bank “Leo” on the WhatsApp platform. With Leo on WhatsApp, customers who are users of the popular social app can now perform basic banking services, including checking their balances on the go, transferring funds, paying bills, among other services. Group Managing Director/Chief […]
The National Identity Management Commission (NIMC) and the United Bank for Africa (UBA) have entered into a partnership for the financial institution to adopt the National e-ID card as a payment card. The partnership is expected to revolutionise the nation’s financial inclusion drive and the Nigerian economic landscape. “This collaboration is seen as an important […]
As Treasury-bill rates continue to fall, while asset yields are trending south, making it almost impossible to re-price liabilities to match, banks operating in Nigeria have been warned to either find other sources of income or face an average of 15 per cent drop in their Profits Before Tax (PAT) expectation for 2018. It is […]
It was a fun night of glamour and electrifying excitement as Pan African financial services group, United Bank for Africa (UBA) Plc once again gathered together a stunning audience from Across Africa at the 2018 edition of the UBA CEO Awards. The event which was held at Eko Hotels and Suites in Lagos, Nigeria, was […]
The Federal Government through its revenue agencies generated not less than N131billion as tax income from six commercial banks operating in the country in 2017, findings by The Daily Times has revealed. The six commercial banks in 2016 paid government agencies N124 billion, as government at both the federal and state level continued brace up […]
United Bank for Africa (UBA) Plc, a pan-African banking group and China Development Bank (CDB), the world’s largest development finance institution, on February 27, 2018 announced the signing of a letter of intent for $100 million seven-year to finance the development of small and medium enterprises (SMEs) in Africa. The $100 million loan will enhance […]
An international research firm, SBG Securities (Pty) Limited of South Africa has said about nine commercial banks would be able to pay dividends this year, despite the new policy adjustment issued by the Central Bank of Nigeria (CBN) recently. The banks are Zenith Bank Plc, Guaranty Trust Bank Plc (GTBank), United Bank for Africa Plc […]
United Bank for Africa (UBA) Plc. says it has issued over three million near field communication (NFC) technology enabled contactless cards to its teeming customers. The contactless cards, introduced in 2015, are a revolution in the payments landscape in Nigeria in 2015, which enable customers to pay with ease by leveraging the NFC technology. The […]
Pan African Financial Institution, United Bank for Africa (UBA) Plc again showcased its footprint in the world of entertainment as it premiered the most anticipated movie of the year #BlackPanther, A Night in Wakanda. The movie which was hosted by TV personality Ebuka Obi-Uchendu premiered over the weekend at Imax Cinemas in Lekki, and saw […]
Fitch, one of the foremost global credit rating agencies, has affirmed the Long Term Issuer Default rating of the UBA Plc at “B”, with a stable outlook. According to Fitch, the rating of UBA Plc is driven by the standalone creditworthiness of the bank, as defined by its viability rating, which is constrained by Nigeria’s […]
The Group Chairman, United Bank for Africa (UBA) and one of Africa’s top businessman, Mr. Tony Elumelu, has stressed the need to change the African narrative while concentrating on the myriad of opportunities inherent in the continent, stating that its economic transformation and stimulation should be the focus of all governments and global institutions. This, […]
Pan-African financial institution, United Bank for Africa (UBA) Plc has once again proven its leadership on the continent, as the Banker Magazine crowned UBA the “African Bank of the Year 2017”. This Banker Award is premier for Nigeria, as it marks the first time a Nigerian-headquartered bank will be wining the prestigious and highly coveted […]
In recent times, customer behaviour and expectations are ever-evolving and with this challenge, comes the need to meet their needs as well as ensure, new offerings are at the forefront of technological evolution. On the back of this development, UBA a leading innovative player in Financial Services is finding new ways to communicate and engage […]
…Loans repayment default affecting lender-banks …Fitch affirms Nigeria’s sovereign ratings at B+; negative outlook Nigeria’s current economic hardships, especially induced by the recession, is believed to be responsible for the rising bad loans in 13 commercial banks. Consequently, unpaid debts by the banks’ customers accounted for the N230.6billion Non- Performing Loans (NPLs) in the first […]
United Bank for Africa (UBA) and Guaranty Trust Bank Plc (GTBank), recorded a total drop of N18.97 billion in Electronic Banking revenue in the first six months of 2017, Daily Times finding have revealed. Considering that the two commercial banks’ electronic banking income declared in first the six half (H1) of 2017, showed that United […]
You must be logged in to post a comment.