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Tag: UBA

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, […]

Kenyan CBN fines UBA, others for regulatory breaches
Business featured

UBA partners Lagos, CIG Motors on $100m transport scheme

United Bank for Africa Plc has announced a $100 million financing partnership scheme with CIG Motors, Lagride, and the Lagos State Government. This initiative is aimed at redefining urban mobility and promoting financial inclusion within Nigeria. Under the partnership, which is tagged “Drive to Own,” UBA will serve as the key financier. The bank is […]

Business

UBA backs Lagos’ Lagride with $100m funding

Lagride, the Lagos State Government-supported e-hailing platform, has secured a $100 million financing facility from United Bank for Africa to scale its Drive-To-Own initiative. The company stated that the funding will enable approximately 3,500 drivers to move from daily rental arrangements to long-term vehicle ownership, fostering small business opportunities within Lagos’ transportation sector. The funding […]

UBA begins $6bn project to support African SMEs
Banking

UBA announces retirement of four executive directors

United Bank for Africa Plc has announced that four of its Executive Directors will retire, effective January 1, 2026. This was disclosed in a notice signed by Group Company Secretary Bili Odum and submitted to the Nigerian Exchange on Friday. UBA stated that the retirement follows the completion of their tenure. “United Bank for Africa […]

Banking

UBA records robust earnings in third quarter 2025

The United Bank for Africa Plc, has released its audited financial results for the third quarter ended September 30, 2025, showing strong performance across major financial metrics. The bank’s gross earnings rose by 3.0 percent to ₦2.469 trillion, compared to ₦2.398 trillion recorded in the same period last year. Net interest income also advanced by […]

Transcorp hotels posts 60% revenue rise, declares interim dividend
Business featured

UBA, Renewvia partner to deploy solar power across 25 branches

In a significant step towards deepening economic ties between Nigeria and Norway, United Bank for Africa has partnered with Renewvia Solar Nigeria to deploy renewable energy solutions across 25 UBA branches in five Nigerian states. This initiative was formalized at the official Ribbon Cutting ceremony held at the UBA Oba Akran 2 branch, Ikeja-Lagos, on […]

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