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Tag: UBA

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 […]

UBA begins $6bn project to support African SMEs
Business

UBA’s share price surges 95% in one year – Report

The United Bank for Africa Plc’s share price has increased by 95% in a year, garnering analysts’ ratings. According to BusinessDay, financial analysts support the bullish market sentiment and continue to suggest a buy recommendation on UBA shares, which have attracted a lot of interest from domestic and international investors after years of being undervalued. […]

UBA, AfCFTA partner to invest $6bn to finance African SMEs
Business

UBA, AfCFTA partner to invest $6bn to finance African SMEs

In accordance with a contract signed between United Bank for Africa Plc and the Secretariat of the Africa Continental Free Trade Area, the bank will finance qualifying SMEs in Africa up to US$6.0 billion over the course of the following three years. According to Vanguard, the bank and AfCFTA finalized the contract in Accra, Ghana, […]

Banking

UBA unveils braille account form for visually impaired people

The UBA Braille Account Opening Form is a first-of-its-kind effort in the Nigerian and African markets, created exclusively to meet the financial needs of the visually impaired, introduced by the United Bank for Africa. Vanguard reported that up until now, this special segment of society has suffered, but UBA has now amply proven its unwavering commitment to […]

Economy

Why naira redesign is best for economy- UBA CEO

    Wilson Adekumola   Group Managing Director and Chief Executive Officer of United Bank for Africa, UBA, Plc, Chief Oliver Chukwudum Alawuba, has said the naira redesign is the best policy that could happen to Nigerian economy at this time. He promised that the deposit monetary banks are working tirelessly with the Central Bank […]

UBA opens to customers Saturday for old naira notes
Banking

UBA opens to customers Saturday for old naira notes

To ensure a smooth process for clients to return the old Naira notes they may still have in their possession, the United Bank for Africa Plc has modified its banking hours. According to TheNewsGuru, this was stated in a statement issued by the bank in response to a recent development at the Central Bank of […]

Banking

10 bank directors share N6.9bn allowance

Ten bank directors have shared N6.96bn executive compensation, fees and sitting allowances. The amount represents an increase of 3.32 per cent from the N6.74bn the directors received in 2020. United Bank for Africa Plc, Zenith Bank Plc, FBN Holdings and Guaranty Trust Holding Company Plc. Union Bank for Nigeria Plc, Stanbic IBTC Holdings Plc, FCMB […]

UBA opens to customers Saturday for old naira notes
Banking

UBA redeems five-year $500m Eurobond

The United Bank for Africa has redeemed its debut $500 million five-year Eurobond notes which matured on Wednesday. The Nation reported that the Eurobond notes issued in 2017 were offered at a coupon rate of 7.75 per cent. The bond was raised to support the bank’s business in key sectors of the economy. UBA had […]

Banking

10 banks raked in N1.57tn interest income in 2021 – Reports

Ten Deposit Money Banks in Nigeria earned a total of N1.57tn in net interest income last year, up from N1.49tn as of December 31, 2020. They are Union Bank Plc, Stanbic IBTC, Fidelity Bank Plc, Sterling Bank, Wema Bank, First City Monument Bank, Access Bank Plc, Guaranty Trust Bank, United Bank of Africa and Zenith […]

New naira'll make ransom payment difficult - CBN
Banking

Four banks record 477,405 unresolved complaints in 12 months –Reports

Within a period of one year spanning January 1 to December 31, 2020, four top banks in Nigeria recorded a total of 477,405 unresolved customer complaints. The banks are Zenith, Guaranty Trust Bank, United Bank for Africa and Access Bank. The figures were arrived at after analysing the 2020 annual financial reports of the banks. […]

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