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uba

John Holt, CWG, Others End Nigerian Stock Market Losing Streak With N141.70bn Gain

Seplat, UPDC Lead Nigerian Stock Market Rebound As Market Cap Rises By N238bn

September 3, 2026

The Nigerian Exchange (NGX) market capitalisation increased to N159.15 trillion on Thursday, up from the N158.91 trillion reported on Wednesday. NGX’s market valuation rose by N238.37 billion after the all-share index (ASI)

NGX Suspends Trading In Unity Bank, Guinea Insurance, 6 Other Companies’ Shares

Business News·Top Stories

First HoldCo Takes Top Spot, Zenith Drops On Nigeria’s Most Valuable Bank List

July 21, 2026

Zenith Bank lost its top spot on the list of the most valuable banks in the Nigerian stock market on Monday after First HoldCo’s market capitalisation increased by N434.28 billion. According to

NGX Market Cap Rises By N405bn Amid Gains In Abbey Bank, Nigerian Breweries

Business News·News·Top Stories

Stock Market Rebounds With N3trn Gain, DAAR Communication, TIP Lead Recovery

July 3, 2026

After trading closed on Friday in the Nigerian Exchange (NGX), the stock market capitalisation settled at N147,10 trillion, up from N143.94 trillion on Thursday. The increase represents a N3.15 trillion gain for

Business News·Top Stories

Industry Review: Banking Sector Fraud Cases Drop 12% — But Amount Involved Rises To N21bn

July 2, 2026

The number of fraud cases recorded in the Nigerian banking sector dropped in 2025, however, the amount involved in the fraudulent activities increased during the same period, according to analysis of the

Business News·Top Stories

Tony Elumelu, Mike Adenuga, Femi Otedola… Five Least Performing Investments Held By Bank Major Investors

June 1, 2026

Tony Elumelu, the chairman of United Bank for Africa (UBA), and Mike Adenuga, the majority shareholder in Sterling Financial Holdings Company, are on the list of the least performing investments held by

Stock Market Rally Halted As Demand For Ecobank, PZ Cussons Shares Dropped

Business News·Top Stories

Livestock Leads Gainers, NCR Tops NGX Losers’ List

May 13, 2026

The Nigerian Exchange (NGX), also known as the stock market, recorded N440.13 billion gain on Wednesday. NGX reported that the gain lifted the market capitalisation of the stock market to N162.05 trillion,

Business News·FEATURES·Top Stories

Equity Investors Gain N860bn As Stock Market Value Rises To N141trn

April 22, 2026

Over N860.89 billion was gained in the Nigerian Exchange (NGX), also known as the stock market, on Wednesday, April 22. The gain raised the stock market’s valuation up to N141.38 trillion, from

Business News·FEATURES·Top Stories

UBA Drops, Stanbic IBTC Rises On Nigeria’s Top Five Most Valuable Banks

April 22, 2026

The market valuation of Nigerian banks listed on the Nigerian Exchange (NGX), also known as the stock market, increased by N3.26 trillion in the first quarter (Q1) of 2026, according to Prime

Business News·FEATURES·Top Stories

Fidelity Bank, First HoldCo Among Five Least Performing Bank Stocks In Q1 2026

April 16, 2026

In the first quarter (Q1) of 2026, the five least performing commercial bank stocks were Fidelity Bank Plc, First HoldCo Plc, FCMB Group, Sterling Financial Holdings Company, and United Bank for Africa

Business News·FEATURES·Top Stories

NGX Closes Stock Trading With N706.66bn Gain

April 10, 2026

The market capitalisation of the Nigerian Exchange (NGX) increased by N706.66 billion to N131.16 trillion on Friday, April 10. According to the stock market data, the NGX market capitalisation increased from the

Nigerian Stock Market Record Highest Level In 15-years, Equity Cap Up N59.90bn

Business News·Top Stories

NGX Market Cap Rises To N125.48trn — Up By N1.72trn

March 2, 2026

On Monday, March 2, the Nigerian Exchange (NGX) recorded a N1.72 trillion increase in its market capitalisation, which rose to N125.48 trillion from N123.76 trillion on Friday, February 27. The market capitalisation

Business News·Top Stories

Stanbic IBTC Rises, Access Holdings Drops… Six Nigerian Banks Worth Over N1trn

January 26, 2026

The number of commercial banks valued at over N1 trillion on the Nigerian Exchange (NGX), also known as the stock market, increased to six at the end of 2025, up from five

UNGA: What Tony Elumelu Says About President Tinubu’s NASDAQ Bell Ringing-VIDEO

Business News·Top Stories

Tony Elumelu’s Heirs Energies Pays $500m To Acquire Majority Stake In Seplat

December 31, 2025

Heirs Energies Limited, an oil company owned by Tony Elumelu, the chairman of United Bank for Africa (UBA), has acquired a substantial stake of 20.07 percent held by Maurel & Prom S.A. in

Business News·Top Stories

GTCO, Stanbic IBTC Make List Of Nigerian Banks With Highest Market Valuation

December 12, 2025

The banks with the highest market valuation on the Nigerian Exchange (NGX) Limited in the third quarter (Q3) of 2025 are Guaranty Trust Holding Company (GTCO), Zenith Bank, United Bank for Africa

Business News·Top Stories

Sterling, Stanbic IBTC Among Five Best-Performing Bank Stocks In Q3 2025

December 1, 2025

In the third quarter (Q3) of 2025, the 11 banks trading on the Nigerian Exchange (NGX) Limited recorded growth, according to Prime Business Africa’s (PBA) analysis. The banks are Sterling Financial Holdings

UBA FY 2024: Profit Rises To ₦766.6 billion, Declares N3.00 Kobo Final Dividend

Business News

UBA’s Pretax Profit Declines After 77% Drop In Net FX Income

November 25, 2025

In the first nine months (9m) of 2025, United Bank for Africa (UBA) grew its gross earnings by 2.95 percent to N2.46 trillion, surpassing the N2.39 billion generated in the same period

Business News·Top Stories

Access Holdings Drops, Stanbic IBTC Rises On Nigeria’s Trillion-Naira Bank List

June 26, 2025

The number of banks worth over a trillion naira in the stock market has increased from five to seven on Wednesday, June 25, as Fidelity Bank joined the list after its market

Business News·Top Stories

Nigerian Stock Market Cap Extends Decline With N183.30bn Loss

June 17, 2025

On Tuesday, June 17, the equity capitalisation of the Nigerian stock market dropped to N72.49 trillion, from N72.68 trillion posted on Monday, June 16, indicating a decrease of N183.30 billion. The 0.30

Business News·Top Stories

Tony Elumelu’s Investment in UBA Increases To N133bn After Acquiring 1.26bn Shares

June 3, 2025

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has increased his stake in the financial institution to per cent, according to Prime Business Africa’s analysis. In a ‘Dealing by

Why Public, Private Sector Must Prioritize Investments In Innovation To Improve Healthcare - Elumelu

Business News·Top Stories

Tony Elumelu Increases Stake In UBA With N1.54bn Shares

May 28, 2025

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has bought new shares in the lender to increase his stake from 6.19 per cent to 6.30 per cent, according to

Business News·Top Stories

Interest On Deposits Cuts Into UBA’s Earnings

May 14, 2025

The interest income of the United Bank for Africa (UBA) grew to N599.83 billion in the first quarter (Q1) of 2025, up by 36.08 per cent from N440,76 billion in the corresponding

Business News·Top Stories

Top Five Most Valuable Banks In Nigeria

April 30, 2025

The Guaranty Trust Holding Company (GTCO), Zenith Bank, United Bank for Africa (UBA), Access Holdings and First HoldCo are the top five most valuable banks in Nigeria. According to Prime Business Africa’s

Business News·News

Anger Trails Banks’ Super Profits In The Midst Of Poverty, Spurious Bank Charges

June 18, 2024

Coming across to Nigerians as oases of plenty in a desert of need, Nigerian banks have come under heavy criticism for declaring super profits despite rising inflation and widespread poverty. The outcry

Business News·News

Zenith Bank, Access, UBA, FBNH, GTCO, 5 Others’ Assets Rise To N140.3trn In Q1 2024

June 18, 2024

Major Banks Report Significant Growth As Nigeria targets a $1 trillion economy within the next five years, the country’s banking sector is showing substantial progress. Ten prominent Nigerian banks have reported combined

Business News·Finance & Economy

Banks’ Recapitalisation Will Strengthen Nigeria’s Economy – UBA GMD

May 21, 2024

Group Managing Director of United Bank for Africa PLC, Mr Oliver Alawuba, has underscored the critical role of banks’ recapitalisation in strengthening Nigeria’s economy. Prime Business Africa recalls that the Central Bank

Business News·News

UBA Counts Achievements At 75, Envisions To Be Role Model For African Businesses

May 20, 2024

As the United Bank for Africa (UBA) marks its 75th anniversary this year the pan-African bank has taken an introspection into the remarkable milestones in its transformative journey and looks forward to

Tony Elumelu Foundation Empowered Us To Become Employers – Beneficiaries Praises Businessman

Opinion

Anthony Onyemachi Elumelu: The Making Of An Epic Financial Dynasty

January 12, 2024

The key to being a core industrial player lies in understanding when and how to play the master card in a competitive market, with the eye set on the heartbeat of an

NGX stock market. Photo credit: TheCable

Business News·Markets·News

Market Surge Propels Dangote Sugar, FCMB, UBA, Others As ASI Hits Record 77,000 Mark

January 3, 2024

The Nigerian stock market witnessed an electrifying surge, pushing the NGX All-Share Index to a historic high of 77,537.57 points, marking a 2.04% increase in a single trading session. Following yesterday’s crossing

Elumelu Confident In Naira Regaining Stability Amid CBN Leadership Change

Africa·News·World News

COP28: Elumelu Urges Africa’s Active Role In Global Climate Agenda

December 5, 2023

In a call for proactive African participation in global climate discussions, Tony Elumelu, Founder of The Tony Elumelu Foundation and Chairman of United Bank of Africa, emphasized the role Africa must assume

Africa·Business News·Finance & Economy·News

UBA Wins 2023 Bank Of The Year In Nigeria, Over 5 Other African Countries

December 4, 2023

United Bank for Africa (UBA) Plc, has won the Bank of the Year award at The Bankers Awards 2023 in Nigeria and more than 5 other African countries. In the ceremony in

How Loss Of Over $5 Trillion In U.S. Stock Exchange Affects Nigeria

Business News·Markets·News

Over N14bn Invested In Key Nigerian Stocks, Fueling Exchange Surge

In a whirlwind week of trading, the Nigerian Exchange Limited witnessed a surge, with investors staking over N14 billion on shares, notably Japaul Gold and Venture Plc, FBN Holdings, and United Bank for Africa Plc. The trio spearheaded a trading volume accounting

November 13, 2023

Business News·Finance & Economy·News

UBA, Saudi EXIM Bank Partner To Boost Trade, Business Relations

In a move aimed at bolstering economic ties between Africa and Saudi Arabia, the United Bank for Africa (UBA) Plc and Saudi Export-Import Bank (Saudi EXIM) have solidified a partnership. This collaborative effort, formalized through a Memorandum of Understanding (MoU) signed on

November 10, 2023

In a groundbreaking move set to reshape the economic landscape of Africa, the United Bank of Africa (UBA) has unveiled a colossal $6 billion financing initiative aimed at turbocharging the growth of Small and Medium Enterprises (SMEs) across the continent.

Business News·News

UBA Records 86.64% PBT Growth In Q3, 2023

United Bank for Africa Plc has just unveiled its third-quarter results for 2023, reporting 86.64% year-on-year growth in pre-tax profits, reaching N98.444 billion. This performance has pushed the nine-month pre-tax profits to a total of N502.901 billion, a massive leap from N138.493

October 31, 2023

Opinion

Building To Last: Nurturing Excellence And Crafting Future African Leaders At UBA

By Tony Elumelu Some moments resonate as profoundly remarkable in life, where dreams are born from humble beginnings and transformed into extraordinary realities. As I stood before 700 UBA graduate trainees, drawn from across Africa, I thought of the long journey

October 8, 2023

Business News·News

UBA, AfCFTA Partner To Supercharge African SMEs With $6 Billion Financing Boost

The United Bank of Africa (UBA) has unveiled a colossal $6 billion financing initiative aimed at turbocharging the growth of Small and Medium Enterprises (SMEs) across the continent. The agreement, signed on the sidelines of the 30th Afreximbank Annual Meeting (AAM) in

September 25, 2023

Business News·News

UBA Shines With 371% Profit Surge In H1 2023

United Bank for Africa (UBA) Plc has taken the spotlight, revealing remarkable growth figures in its audited financial report for the first half of 2023. Breaking away from the conventional narrative, the bank’s CEO, Mr. Oliver Alawuba, delivered a statement that resonated

September 12, 2023

Insights

How To Check BVN On UBA Platform

Bank Verification Number (BVN) is an identity-based security measure introduced by the Central Bank of Nigeria (CBN) in 2015 to curb fraudulent transactions in the banking system. BVN is an 11-digit number that is unique to each individual but uniformly used across

August 23, 2023

Business News·Insights

GTBank, UBA, Access Bank Compete For Nollywood’s $85.43bn Financial Opportunity

Nigerian Deposit Money Banks (DMBs) have taken their rivalry beyond the financial sector, extending their fight for dominance and relevance to the movie industry in Nigeria. It’s no news that banks are now diversifying their revenue source from core banking operations, spreading

June 16, 2023

NGX: Investors Gain N313bn As ASI Rebound By 0.70%

Business News·Markets

Stock Market Investors Pocket N126.38 billion, Equity Cap Up 0.41%

Investors in Eterna, ETranzact and others on the gainers’ list made N126.38 billion at the end of trading on Tuesday, as the stock market capitalisation rose by 0.41 per cent, increasing from N30.38 trillion to N30.51 trillion. Also, the All-Share Index hit 56,038.85

June 6, 2023

Business News

Tony Elumelu Increases Investment In UBA To N19.48 billion Amid Otedola Dispute

The Chairman of United Bank for Africa (UBA), Tony Elumelu, has bought N560 million worth of shares in the commercial bank through his investment company, HH Capital Limited. He made the acquisition on Tuesday, 9 May, according to a document released on

May 10, 2023

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