The United Bank for Africa (UBA Plc) has successfully exceeded the N500 billion minimum capital requirement set by the Central Bank of Nigeria (CBN) for banks with international licences, ahead of the March 31, 2026, deadline. According to UBA’s 2025 half-year audited results, the bank’s share capital and share premium stood at approximately N350 billion. …
Oliver Alawuba, the group managing director/chief executive officer of United Bank for Africa (UBA), says the bank has been strategic in financing critical projects across African countries for developmental purposes and other continents more broadly. He hinted at this while delivering a keynote speech at the UAE-Chad Trade & Investment Forum in Abu Dhabi, United …
The United Bank for Africa (UBA) Plc has unveiled a new white paper focused on driving sustainable growth and economic transformation across the continent with a target to unlock $4 trillion of domestic capital, among others. The document, 'Banking on Africa’s Future: Unlocking Capital and Partnerships for Sustainable Growth,' was unveiled on the sidelines of …
Tony Elumelu, Chairman of Heirs Holdings and United Bank for Africa (UBA), has called for the mobilisation of $4 trillion in domestic capital across Africa to fund large-scale investments in artificial intelligence (AI), energy, and infrastructure. This, he said, is key to a broader strategy of democratising prosperity across the continent. Elumelu made the call …
Wednesday's protest at the corporate headquarters of the Central Bank of Nigeria (CBN) brought to the fore the heightening fraudulent activities in Nigerian banks. Hundreds of protesters, under the aegis of a coalition of civil society organisations (CSOs), on Wednesday, October 8, protested against banks’ fraudulent practices that are leaving customers victimised. The protesters were …
United Bank for Africa (UBA) Plc has reported a growth of 6.06 per cent profit after tax to N335.53 billion for the first half of the year, relative to N316.36 billion in the same period of 2024. The bank’s financial performance was reported in its half-year financial statements released on Thursday, September 18. The financial …
The Chairman of United Bank for Africa (UBA), Tony Elumelu, said he was shattered by the fire outbreak that killed staff members of the bank, describing the inferno as a devastating incident. The fire incident occurred yesterday at Afriland Towers Building on Lagos Island, housing the UBA branch. Elumelu reportedly expressed his deep sorrow over …
The Lagos State Fire and Rescue Service has confirmed a fire incident that occurred in one of the United Bank for Africa (UBA) branches on Lagos Island on Tuesday, September 16. The authority confirmed this in a statement signed by its Deputy Controller General, Ogabi Olajide. It stated that operatives were battling the fire at …
United Bank for Africa (UBA) Plc said it has extended its sale of N157.843 billion shares to existing shareholders, known as a rights issue offer, by two weeks. It announced this in a statement issued over the weekend and signed by its Secretary/Legal Counsel, Bili Odum. The rights issue, which opened on Wednesday, July 30, …
