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Tag: UBA

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 […]

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 […]

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