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Tag: UBA

UBA, African Guarantee Fund partner on $100m SME loan
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UBA, African Guarantee Fund partner on $100m SME loan

Melvin Onwubuke   The African Guarantee Fund and United Bank for Africa have signed a partnership that will benefit Small and Medium Enterprises across 20 African countries. According to a statement from UBA on Monday, under this agreement, the AGF will support and guarantee $50 million portfolio guarantees for bank clients that run SMEs across […]

Equity investors lose N1.5tn as bond yield rises
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Equity investors lose N1.5tn as bond yield rises

Due to the strong rates in the fixed-income market, investors in the equities market lost around N1.55 trillion in February. The PUNCH recorded that, In the short- to medium-term, it is anticipated that investors would become less interested in the capital market as they pursue higher returns due to the increase in the monetary policy […]

UBA vows to draw capital to ECOWAS mining industry
Banking

UBA vows to draw capital to ECOWAS mining industry

The Economic Community of West African States and United Bank for Africa Plc have committed to collaborating on projects that would bring in capital and foster sustainable growth for the mining and oil industries in the subregion. According to The PUNCH, the promise was made at the recently finished fourth ECOWAS Mining and Petroleum Forum, […]

NNPCL secures $2bn oil-for-cash loan from Afreximbank, UBA
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NNPCL secures $2bn oil-for-cash loan from Afreximbank, UBA

The African Export-Import Bank as well as the United Bank for Africa have disbursed $2.25 billion from a $3.3 billion oil-for-cash loan facility created by the Nigerian National Petroleum Company Limited. The first payment of $2.25 billion has been disbursed, with a second tranche of $1.05 billion scheduled to follow. The $3.3 billion emergency loan […]

AfCFTA, UBA sign $6bn MoU to support SMEs
Business

AfCFTA, UBA sign $6bn MoU to support SMEs

The African Continental Free Trade Area secretariat and United Bank for Africa, one of Nigeria’s Tier One lenders, have signed a $6 billion memorandum of understanding to finance small and medium-sized businesses so they may take advantage of the opportunities provided by the AfCFTA. The Punch reported that this was said at the Nigerian Canadian […]

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

UBA records N115% growth in Q3 2023

United Bank for Africa Plc has again announced a splendid performance in its unaudited financial results for the third quarter ended September 30, 2023, recording impressive growth across all key performance metrics. According to The Times, the bank’s gross earnings increased by 115.2 percent to N1.309 trillion from N608 billion in the previous year, mirroring the impressive performance […]

UBA, African Guarantee Fund partner on $100m SME loan
Banking

UBA begins anti-fraud campaign

        By Wilson Adekumola United Bank for Africa Plc is set to begin a Fraud Awareness Week – an initiative aimed at empowering customers with knowledge and tools to protect themselves against fraud and financial malpractices on Monday. The week-long event, which has as its theme, ‘Fighting Fraud Together’, will begin Monday […]

UBA coaches over 700 management trainees
Banking

UBA coaches over 700 management trainees

The expanded Graduate Management Accelerated Program was launched by the United Bank for Africa Plc, Africa’s Global Bank, to train future professionals across Africa. According to The Punch, over 700 graduates were admitted into the UBA Tribe following a demanding six-month hands-on learning and working experience, according to a statement from the Bank. The authorized program, which […]

UBA begins $6bn project to support African SMEs
Banking

UBA begins $6bn project to support African SMEs

The United Bank for Africa has unveiled a $6 billion program to promote and strengthen the operations of small and medium-sized businesses across the African continent by offering reliable and all-encompassing financial options. The program would allow SMEs to obtain funding for small enterprises that specialize in the main industries of agro-processing, pharmaceuticals, automotive and […]

UBA begins $6bn project to support African SMEs
Banking

UBA hails customers, introduces benefits

The United Bank for Africa Plc, Africa’s Global Bank, has promised consumers a spectacular summer treat with the recent launch of exceptional privileges and discounts attached to its cards during this period. According to The Punch, it added in a statement that between now and the end of August 2023, consumers would be able to […]

UBA begins $6bn project to support African SMEs
Banking

Subsidy: UBA approves benefits for all employees

The United Bank for Africa Plc Board has approved a welfare allowance for every employee. The decision was made to lessen the impact of the elimination of the fuel subsidy as workers adapted to the current economic difficulties. According to the Bank’s press statement, the welfare allowance is effective right away. The bank has adopted a second […]

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