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Tag: UBA

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 […]

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

UBA inducts over 700 young professionals

United Bank for Africa Plc, Africa’s Global Bank, has inducted over 700 young professionals into its workforce following their graduation from the Graduate Management Accelerated Programme—a flagship talent initiative designed to groom the next generation of African leaders. Since its launch three years ago, the GMAP has successfully produced more than 4,000 professionals across the […]

Banking

UBA posts N335bn profit after tax in H1 2025

United Bank for Africa Plc has released its financial performance for the half-year ended June 30, 2025, showing a profit after tax of N335 billion. The bank’s audited financials, released to the Nigerian Exchange Limited, showed significant growth in gross earnings and profit after tax, signaling robust balance sheet expansion. Despite the challenging global macroeconomic […]

Staff, customers safe, UBA clarifies Lagos fire incident
News

Staff, customers safe, UBA clarifies Lagos fire incident

United Bank for Africa (UBA) has assured that its staff and customers are safe following the fire outbreak on Tuesday at Afriland Tower, a six-storey commercial building on Broad Street, Lagos Island. The bank explained that while the building houses one of its branches, its corporate headquarters—UBA House on Marina—was not affected, contrary to earlier […]

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  • 16th September 2025
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Banking

UBA backs Kenya’s roads levy securitisation with $150m investment

United Bank for Africa Plc has pledged $150 million (KES 20.5 billion) to support the Government of Kenya’s $1.35 billion Roads Levy Securitisation Programme, underscoring the pan-African lender’s commitment to financing key infrastructure and promoting inclusive growth across the continent. The commitment was announced during a working visit to Nairobi by UBA Group Managing Director/Chief […]

Business

PAPSS is Africa’s answer to global tariff war – UBA

The Group Managing Director and CEO of United Bank for Africa, Mr. Oliver Alawuba, has described the Pan-African Payment and Settlement System as Africa’s strategic response to the ongoing global tariff war. He made this remark on Wednesday during the launch of the Nigeria-Ghana payment corridor—a partnership between PAPSS and UBA—which enables UBA’s AI-powered chatbot, […]

UBA, Wema Bank resume international transactions on naira cards
News

UBA, Wema Bank resume international transactions on naira cards

Two major Nigerian banks, United Bank for Africa and Wema Bank have announced the resumption of international transactions on their naira debit cards, marking a significant shift in the country’s banking sector after years of restrictions. The move comes nearly three years after most Nigerian banks suspended global transactions on naira cards due to a […]

Banking

UBA plans ambitious expansion to over 100 countries

United Bank for Africa Plc announced a bold strategic vision to expand its operations to more than 100 countries and grow its customer base to over one billion within the next 75 years. This announcement was made during the bank’s 75th anniversary gala dinner in Abuja on Saturday, attended by Vice President Kashim Shettima, senior […]

Banking

Zenith Bank, GTCO, UBA hit with N172.4b windfall tax

Nigeria’s new tax policy targeting foreign exchange revaluation gains has led to a combined windfall tax liability of N172.3 billion for three major banks—Zenith Bank, Guaranty Trust Holding Company, and United Bank for Africa. The Finance (Amendment) Act 2023 introduced a windfall tax on realized foreign exchange profits recorded by Money Deposit Banks between 2023 […]

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