Browse Tag

uba - Page 2

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

Femi Otedola Reveals Tony Elumelu Backstabbed Him, Took Over His UBA, Transcorp investments, Stole Business Idea

Business News

Femi Otedola Alleges Tony Elumelu Backstabbed Him, Took Over His UBA, Transcorp Investments

Femi Otedola has accused Tony Elumelu of double-crossing him in deals involving United Bank for Africa (UBA) and Transnational Corporation (Transcorp). He disclosed that Elumelu betrayed him on multiple occasions. Otedola explained that he financially assisted Elumelu to acquire UBA in 2005.

May 9, 2023

Business News

Ex-staff Wins Case Against UBA, Judge Orders UBA To Pay Her N1 million

The United Bank for Africa (UBA) has been ordered by Justice Ayokunle Faji of the Lagos Federal High Court to pay its former employee, Olufunke Bella, N1 million for illegally and unlawfully closing her account. Justice Faji said UBA breached the fundamental

April 21, 2023

Business News·Insights

How Ghana’s Financial Crisis Affects Zenith Bank, UBA, Lose N76.04bn

Nigerian commercial banks suffered significant losses in Ghana in 2022, over the government’s inability to meet its debt obligations. Prime Business Africa gathered that Zenith Bank and UBA lost N76.04 billion in their investment locked in securities issued by the Ghanaian government.

April 7, 2023

Mixed Reactions Trail Nigeria’s Supreme Court Judgment On LG Autonomy

Business News

UBA, Stanbic IBTC, Zenith Bank Risk Losing N1.89 trillion To Lawsuits

United Bank for Africa (UBA) and Stanbic IBTC are facing various lawsuits that could result in significant revenue losses for the financial institutions. As of 2022, about 411 cases have been filed against Stanbic IBTC, while UBA is currently involved in 1,422

March 31, 2023

Business News·News

UBA Announces N201bn Profit, Pays 90 kobo Final Dividend

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2022, showing impressive performance across major indices. The 2022 financials, filed by the Bank at Nigerian Exchange Limited (NGx) on

March 31, 2023

News·Sports

Arsenal’s Balogun Breaks Ikpeba, Hoddle’s Club Records

Nigeria-eligible striker Folarin Balogun who is enjoying a glorious loan stint at Rench club, Reims from English Premier League leaders Arsenal, on Sunday continued to show why he must be called up to the Nigerian senior national team with his 17th Ligue

March 20, 2023

Bulls Charge Ahead As NGX Shatters Records As Market Cap Surpasses N50trn

Business News·Markets

Stock Market Cap Closes At N29.915 trillion, As Bourse Trades Sideways

Nigerian bourse’s capitalisation ended trading on Friday at N29.915 trillion after recording sideways market for some days. The All-Share Index lost 0.22 basis points to close at 54,915.39 ASI, slightly below the 54,915.61 ASI posted a day before when the equity cap

March 17, 2023

Tony Elumelu Parts With N633.14 million To Prevent Hostile Takeover In UBA

Business News

Videos: UBA’s Tony Elumelu Criticised For Tinubu’s Visit, Naira Scarcity

The Chairman of United Bank for Africa (UBA), Tony Elumelu, has come under criticism from a former gubernatorial candidate, Babatunde Gbadamosi after a video emerged showing the investment banker congratulating Bola Tinubu, Nigeria’s President-Elect. Elumelu called Tinubu the “last man standing,” after

March 10, 2023

Bank Investors Earn N248.68 billion Amid Naira Scarcity Caused By CBN’s Policy

Business News·Insights

Top 5 Revenue-generating Nigerian Banks – Access, Zenith, UBA, FBN’s Market Share

The top five revenue-generating banks in the financial industry reported a combined N2.23 trillion turnover within the first nine months of 2022. According to the 2022 Nine-Month period financial statements of the firms analysed by Prime Business Africa, it was gathered that

February 27, 2023

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hit Banks

Business News

UBA Limits Daily Withdrawal Of New Naira Notes, As Scarcity Hits Banks

Nigerian banks are rationing the new naira notes, struggling to increase circulation, as the deadline to phase out the old legal tender nears. Prime Business Africa reported that the Central Bank of Nigeria (CBN) redesigned the naira notes in the fourth quarter

January 10, 2023

Previous 1 2 3 4 5 Next

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Suggestions

uba - Page 2

Featured Stories

Follow Us

Whatsapp Channel

Latest News