As First Bank, Fidelity, Keystone, Heritage explain apex bank’s penalty The Central Bank of Nigeria (CBN) has readmitted the United Bank for Africa (UBA) into its forex market transactions thus removing it from the list of nine deposit money banks (DMBs) banned from the foreign exchange market, for hiding over $2 billion belonging to Nigerian […]
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UBA Plc, one of Nigeria’s leading banks denied it was sitting tight on $530million belonging to the Federal Government, part of its $2.1billion dividend from the Nigerian Liquefied Natural Gas Company (NLNG). The bank said it has remitted all dollar deposits belonging to the Nigerian national Petroleum Corporation (NNPC) into the Single Treasury Account (TSA) […]
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Transactions at the Nigerian Stock Exchange yesterday showed that investors interest in Access Bank Plc and United Bank for Africa Plc shares raised the All-Share Index of the Exchange by 48.23 points to 27,437.25 from the 27,389.02 of the previous day. Consequently, Access Bank emerged the top traded stock by volume with 65.98million shares worth […]
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No fewer than four commercial banks yesterday disbursed the first batch of diaspora inflow-related foreign exchange (forex) to over 350 bureaux de change (BDCs), as directed by the Central Bank of Nigeria (CBN). United Bank for Africa (UBA) Plc, First Bank, Fidelity Bank Plc and Ecobank Nigeria Limited, sold the regulatory $30,000 weekly to each […]
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Outgoing Group Managing Director of pan-African banking group, United Bank for Africa (UBA) Plc Mr Philips Oduoza has called for increased collaboration among African central banks in order to drive intra-African trade on the continent. He said this on July 22, 2016 when he delivered the fourth Valedictory Lecture of the Chartered Institute of Bankers […]
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…Five year deal across 19 markets focused on driving financial inclusion in Africa United Bank Africa (UBA) and MasterCard have announced a partnership which will see UBA act as the issuer for MasterCard in 18 new markets in Africa. The partnership which came into effect in the second quarter of 2016 will see UBA issue […]
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-as UBA stock now best performing on the exchange Fitch International, one of the foremost global rating agencies has affirmed United Bank for Africa (UBA) Plc’s viability rating at “B”, as the pan-African banking group continue to sustain its benchmark asset quality and strong profitability amidst industry and macroeconomic challenges. UBA is one of the […]
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Students from more than 30 primary and secondary schools took part in the annual FCT Interschool Performing Arts Competition (FIPAC), which held in Abuja on Thursday, May 26, 2016. The competition was sponsored by pan-African banking group; United Bank for Africa Plc as part of its commitment to youth development on the continent. The schools […]
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Pan African banking group, United Bank for Africa (UBA) Plc has partnered Konga, Nigeria’s leading e-commerce company and Innovectives Nigeria Limited to create a seamless delivery and payment system by integrating mobile point of sale solution into Konga’s delivery system. Mobile POS (mPOS) which is powered by UBA PLC and MasterCard will make it easier […]
Read More Despite the macroeconomic headwinds hitting the country in the past two years, the United Bank for Africa increased its shareholders’ equity by an annual growth rate of 22 per cent between 2011 and 2015, a report by the Financial Derivatives Company indicated. The pan-African lender also recorded a compound annual growth rate of 19.3 per […]
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[G]roup Chairman Elumelu reconfirms Africa network as strategic priority, pledges further capital for African growth The United Bank for Africa (UBA) Group recently held its first ever Senior Leadership Forum reflecting the strategic importance and growth potential of its pan-African business. UBA Group Chairman Mr. Tony O. Elumelu convened the Forum to review the impressive […]
Read More The United Bank for Africa plans to extend its presence to six more African countries to bring the number to 25 as part of its continent-wide expansion drive. Apart from Nigeria, the bank presently operates in 18 other African countries and has reported strong growth in the subsidiaries, which now contribute about 25 per cent […]
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