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Tag: UBA

Appointments

UBA appoints Ibrahim Puri as non-executive director

United Bank for Africa Plc has appointed former executive director Ibrahim Ajimasu Puri as a non-executive director, while also disclosing that its audited financial statements for the six months ended June 30, 2026, are awaiting approval from the Central Bank of Nigeria. UBA disclosed the decisions in a notice signed by Bili A. Odum, the […]

UBA wins Bank-of-the-Year award in Nigeria, seven other countries
Business

UBA, Redtech, MoMo launch cardless payment partnership nationwide

United Bank for Africa, Redtech, and MoMo Payment Service Bank have launched a payment interoperability partnership aimed at expanding cardless payment access for consumers and merchants across Nigeria. With the initiative, MoMo PSB customers can now make payments directly from their wallets at UBA merchant locations using the “Pay with MoMo” feature on RedPay POS […]

UBA begins $6bn project to support African SMEs
Banking

UBA releases unaudited Q1 2026 financial results

United Bank for Africa Plc has published its unaudited group financial results for the first quarter ended March 31, 2026. The results show a pre-tax profit of N160.655 billion, down from N204.264 billion recorded in Q1 2025, representing a 21.35 per cent year-on-year decline. Despite the drop in profit, gross earnings rose by 4.86 per […]

Transcorp hotels posts 60% revenue rise, declares interim dividend
Banking

UBA assets hit ₦33tn as Q1 earnings rise 5%

United Bank for Africa Plc has sustained its growth trajectory, with total assets crossing the N33 trillion mark and maintaining momentum into the first quarter of 2026, following strong growth in earnings in Full Year 2025 and Q1’26. The bank’s unaudited results for the first quarter ended March 31, 2026, showed that total assets stood […]

Banking

UBA’s gross earnings hit ₦3tr

United Bank for Africa Plc has released its audited group financial results for the year ended December 31, 2025, posting gross earnings of N3 trillion. The top-line growth reinforces its position as one of Africa’s most systemically important banks. Despite a challenging operating environment, the bank recorded a profit after tax of N404.6 billion, supported […]

UBA begins $6bn project to support African SMEs
Banking

UBA’s 2025 profit slumps 47% on ₦331bn loan losses

United Bank for Africa PLC has released its audited group financial results for the full year ended December 31, 2025, reporting a 47 per cent decline in pre-tax profit to N423 billion compared to the N804 billion in 2024. The decline in profit was driven by material loan provision of N331 billion and N278 billion […]

Business

BUA Foods records ₦518bn profit amid Rabiu-Elumelu alliance

Nigeria’s industrial and financial heavyweights, the Founder and Chairman of BUA Group, Abdul Samad Rabiu, and Chairman of United Bank for Africa, Tony Elumelu, have moved to deepen their partnership to drive Nigeria’s industrial growth. In line with the partnership, Rabiu recently hosted Elumelu and his executive management team at BUA Group’s corporate headquarters in […]

Appointments

UBA appoints Loknath Mishra as CEO of UK subsidiary

Africa’s Global Bank, United Bank for Africa, has announced the appointment of Loknath Mishra as Chief Executive Officer of UBA United Kingdom. The appointment takes effect from February 2026. This move reinforces the Group’s commitment to strengthening its international footprint and enhancing its role as a key financial bridge between Africa and the world. As […]

Business

UBA appoints Loknath Mishra as CEO of UK subsidiary

The United Bank for Africa has appointed Loknath Mishra as Chief Executive Officer of its United Kingdom subsidiary. Effective 2 February 2026, the appointment—announced in a statement on Tuesday—underscores the bank’s commitment to expanding its international presence and reinforcing its position as a vital financial link between Africa and global markets. UBA UK is reported […]

Transcorp Power emerges top NGX weekly gainer
Business

UBA capital hits N513bn as NGX lists new shares

The Nigerian Exchange Limited has listed an additional 3.16 billion ordinary shares of United Bank for Africa Plc on its daily official list, marking a significant boost to the bank’s market capitalisation and further strengthening liquidity within the Nigerian capital market. The development was conveyed to the bank in a confirmatory letter dated January 12 […]

UBA begins $6bn project to support African SMEs
Banking

UBA crosses N500bn threshold after successful rights offer

United Bank for Africa has raised N178.3 billion through a rights issue, pushing its capital base above the N500 billion threshold required for Tier 1 banks with international licenses. The bank announced the successful conclusion of the rights issue in September 2025. This latest capital raise follows a previous N239 billion raised in November 2024, […]

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