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uba - Page 4

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

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

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·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

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

19 Bank Workers Sacked, As Nigerian Banks Lose N1.17 billion To Fraud

Business

GTBank, UBA, Others To Borrow Exporters N500 billion Due To Forex Scarcity

Guaranty Trust Bank (GTBank), United Bank for Africa (UBA), First Bank, and other Nigerian lenders have agreed to loan N500 billion to export-oriented companies. According to the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, the banks resolved on borrowing

December 12, 2022

Business·Markets

Stock Market Loses N70 billion, Amid Sell-offs In Jaiz Bank, Others

Nigerian stock exchange closed negative on Monday, with the market capitalisation depreciating by -0.24 per cent. ‘Sell pressure’ depleted the market capitalisation by about N70 billion, knocking it down to N25.83 trillion from N25.90 trillion. This was on the back of the

November 28, 2022

Business

UBA Fined N235 million, Generates N45.70 billion Net Profit In Q3

The United Bank for Africa (UBA) was fined N235 million, its Condensed Interim Consolidated Financial Statements for the period ended September 30, 2022, has disclosed. In the financial statements released on Monday, UBA disclosed that it recorded N235 million penalty, although in

October 25, 2022

Business·Insights

Best Performing Bank Stocks H1: Investors Sell Off GTCO, Zenith Bank Shares To Buy Wema, Others

Shareholders of United Bank for Africa (UBA), Guaranty Trust Holding Company (GTCO), Access Corporation and Zenith Bank suffered heavy losses in the Nigerian Stock Exchange during the First Half (H1) of 2022. Investors snubbed the tier-one commercial banks, resulting to a sell

October 9, 2022

Business·FEATURES·Insights

Best Performing Tier-1 Nigerian Banks: Zenith Bank Underperforms, UBA Tops List

At the end of the second quarter of 2022, United Bank for Africa (UBA) was the best performing financial institution amongst the tier-1 banks in Nigeria, with Zenith Bank ranking bottom of the list. In an industry analysis of the tier-1 banks,

September 26, 2022

Business

UBA Changes Board Members, As Kennedy Uzoka Bows Out

United Bank for Africa (UBA) has made changes to its board, with the current Managing Director and Chief Executive Officer, Kennedy Uzoka, set to take another position. While the changes haven’t been disclosed to the investing public or the Nigerian Exchange Limited

August 1, 2022

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uba - Page 4

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

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

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

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

GTBank, UBA, Others To Borrow Exporters N500 billion Due To Forex Scarcity

Stock Market Loses N70 billion, Amid Sell-offs In Jaiz Bank, Others

UBA Fined N235 million, Generates N45.70 billion Net Profit In Q3

Best Performing Bank Stocks H1: Investors Sell Off GTCO, Zenith Bank Shares To Buy Wema, Others

Best Performing Tier-1 Nigerian Banks: Zenith Bank Underperforms, UBA Tops List

UBA Changes Board Members, As Kennedy Uzoka Bows Out

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