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United Bank for Africa

UBA, Redtech, MoMo PSB Launch Interoperability Partnership to Expand Cardless Payments Across Nigeria

May 5, 2026

A new interoperability arrangement between United Bank for Africa (UBA), Redtech, and MoMo PSB has expanded cardless and wallet-based payments across Nigeria, linking bank-led merchant networks with telecom-driven mobile money systems in

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·News·Top Stories

UBA Business Series Highlights ‘Gen.W’ as Women Redefine Leadership, Enterprise

March 13, 2026

Africa’s Global Bank, United Bank for Africa (UBA) Plc, on Thursday hosted a new edition of its quarterly Business Series, bringing together female leaders and entrepreneurs to discuss the theme “Gen.W: The

News·Top Stories

UBA Mourns Former Chairman, Chief Israel Ogbue, at 99

February 19, 2026

Chief Israel C. Ogbue, former Chairman of United Bank for Africa (UBA) Plc, has died at the age of 99, Prime Business Africa reports. The Board of Directors, Management and Staff of

Business News·News

UBA Named Africa’s Bank of the Year 2025, Clinches 10 Awards Across the Continent

December 8, 2025

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has strengthened its position as one of the continent’s leading financial institutions after being named Africa’s Bank of the Year 2025 by The

Events & Opportunities·News·Nigeria·Top Stories

13-Year-Old Igando Student Breaks Record, Clinches Top Prize in UBA Essay Competition

November 19, 2025

A historic feat was recorded in Lagos on Tuesday as 13-year-old Ebunoluwa Seth Oluwatimilehin, a student of Igando Community Senior High School, emerged winner of the 15th UBA Foundation National Essay Competition

Business News·News·Top Stories

UBA Commits $102 Million to Chad as Part of $30 Billion Development Drive

November 11, 2025

UBA Group has reaffirmed its role as a key financier of Africa’s infrastructure and industrial growth, pledging over $102 million in direct investments in Chad during the UAE-Chad Trade & Investment Forum.

Business News·News

Recapitalisation: UBA Extends Deadline For Rights Issue

September 11, 2025

The United Bank for Africa (UBA) has extended the closing date for its rights issue by two weeks. The rights issue, which was originally scheduled to close on 5 September 2025, has been shifted to

Business News

UBA Announces Strategic Expansion Into Key Markets Across Africa

July 10, 2025

The United Bank for Africa (UBA) Group has announced plans to embark on further strategic expansion into key markets across Africa. This was revealed during the UBA Group’s Half-Year Business Review held

UBA Hosts Business Series To Empower MSME’s On Wealth Management

Business News·News

UBA Announces Changes To USSD Banking Charges

June 3, 2025

The United Bank for Africa (UBA) has announced changes to its USSD banking charges, effective June 3, 2025. In line with the Nigerian Communications Commission (NCC) directive, USSD banking charges will no

Business News

UBA’s Total Dividend Payout To Shareholders Rises By 79% In 2024

April 28, 2025

The United Bank for Africa (UBA) has paid out a total of N171 billion as dividends to its shareholders for the fiscal year 2024, reflecting a 79 per cent increase from the

Business News

UBA Raises N355.2bn Of N500bn CBN’s Capital Requirement

April 26, 2025

The United Bank for Africa (UBA) has raised N355.2 billion out of the N500 billion new capital requirement mandated by the Central Bank of Nigeria (CBN). Chairman, UBA Group, Mr Tony Elumelu,

Business News·News

UBA Unveils Upgraded PoS Terminal, Revamped MONI App To Accelerate Digital Payments Across Africa

April 13, 2025

United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and empowering

Markets

Decline In FX Gain Slows UBA’s Profit Growth

April 7, 2025

After an impressive period in 2023, which saw the United Bank for Africa (UBA) record an impressive 256.88 percent increase in profit after tax (PAT), the company’s net income growth slowed significantly

Business News

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

March 24, 2025

United Bank for Africa (UBA) Plc, says its profit after tax rose by 26.14 per cent to ₦766.6 billion in 2024, up from ₦607.7 billion recorded at the end of the 2023

News

UBA Trains Over 3,200 Young Professionals Under GMAP Initiative

March 6, 2025

United Bank for Africa (UBA) has produced over 3,222 young professionals in banking and finance across Africa through its Graduate Management Acceleration Programme (GMAP) in the last three years. The programme, which

Africa

UBA Group Donates $500,000 to AU Peace Fund

February 18, 2025

United Bank for Africa (UBA) Group has donated $500,000 to the African Union (AU) Peace Fund, demonstrating its commitment to fostering peace and stability across the continent. The UBA Group said the

Business News

UBA Rewards Customers With Over N41m In Legacy Promo

January 13, 2025

United Bank for Africa (UBA) Plc has spent not less than N41.8 million in prizes to over 100 lucky customers in its just concluded UBA Legacy Promo series. The promo, which began

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

Business News·News

UBA Emerges Top 5 In Customer Experience, SME, Retail Banking – Survey

January 7, 2025

United Bank for Africa (UBA) Plc has emerged among the top five banks in various survey’s segmentation, in the recently released KPMG 2024 West Africa Banking Industry Customer Experience Survey. The survey

/CEO, United Bank for Africa (UBA), Oliver Alawuba, has called for increased private-sector participation in national development projects.

Business News·News

UBA GMD Urges Increased Private-sector Participation In National Development Projects

December 23, 2024

Group Managing Director/CEO, United Bank for Africa (UBA), Oliver Alawuba, has called for increased private-sector participation in national development projects. Alawuba highlighted the importance of synergy between public and private institutions in

UBA Supports Lagos State Security Trust Fund With Nm

News

UBA Supports Lagos State Security Trust Fund With N500m

December 17, 2024

As part of its dedication to creating a safe environment for people and companies, United Bank for Africa has donated N500 million to the Lagos State Security Trust Fund (LSSTF). The donation

Business News·News

UBA Set To Begin Full Banking Operations In France

November 29, 2024

Chairman of the United Bank for Africa (UBA) Group, Tony Elumelu, has signed a landmark business cooperation agreement with the French Finance Minister, Antoine Armand, paving the way for the commencement of

Business News·News

UBA Business Series: Experts Highlight Strategies For Building Successful Ventures

November 22, 2024

Financial experts, entrepreneurs and business leaders have highlighted critical strategies for building successful businesses. Speaking at the United Bank for Africa’s (UBA) Business Series, the last edition for this year, top industry

Business News·News

UBA To Raise N239.4bn Through Rights Issue

November 15, 2024

United Bank for Africa (UBA) Plc, has announced plans to raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share. The Rights Issue,

Alawuba Highlights Benefits Of UBA’s th Anniversary Debit Card

Business News·News

Alawuba Highlights Benefits Of UBA’s 75th Anniversary Debit Card

November 13, 2024

United Bank for Africa (UBA) Plc, has partnered with Mastercard to launch a debit card in commemoration of the bank’s 75th anniversary. According to a statement released Wednesday, the Bank said the

Business News·News

UBA Appoints Henrietta Ugboh As Non-Executive Director

November 13, 2024

United Bank for Africa (UBA) Plc, has announced the appointment of Henrietta Ngozi Ugboh as a Non-Executive Director on the Group’s Board. The appointment has been duly approved by the relevant regulatory

Business News·News

Middle East Expansion: UBA Set To Open Subsidiary In Saudi Arabia

November 1, 2024

In its quest to expand business operations in the Middle East, United Bank for Africa (UBA) Plc, has announced plans to open a subsidiary in Saudi Arabia, its largest economy. This move,

Business News·News

UBA Targets 45% Deposit Growth In 2024

October 4, 2024

Group Managing Director, United Bank for Africa (UBA) Group, Mr Oliver Alawuba, has revealed that the bank is committed to achieving a target of 45 per cent deposit growth, 40 per cent

Business News·News

UBA’s Gross Earnings Rise By 40% To N1.37 trillion In H1

September 30, 2024

United Bank for Africa (UBA) Plc recorded a 40 per cent increase in its gross earnings from N981.77 billion in 2023 to N1.371 trillion in June 2024. This was revealed in the

Business News·News

UBA Empowers 400 Youths Across Africa Through Graduate Programme

May 3, 2024

Africa’s Global Bank, United Bank for Africa (UBA), has empowered 398 young Africans through its Graduate Management Acceleration Programme (GMAP) for 2024. The bank held the second edition of the GMAP class

UBA Shines With 371% Profit Surge In H1 2023

Business News·News

UBA Gross Earnings Rises By 143% In 2023, Profit Hits N757.7bn

The bank’s total assets rise by 90.2% to N20.65 trillion; shareholders’ funds grows to N2.0 trillion, achieving an impressive growth of 120.2% Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year

April 9, 2024

News

CEMAC Region AFDBS Awards 2024: ECOBANK, UBA Nominated For Regional Bank Of The Year

Africa Finance Banking and Digitalisation Summit (AFDBS) for the CEMAC region has revealed the nominees for the inaugural AFDBS Awards 2024.

January 16, 2024

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

Business News·News

5 Metrics Of UBA’s Record H1 Profit Surge

United Bank for Africa Plc (UBA) has unveiled its 2023 half-year financial report, showing a meteoric rise in profit. “We’re witnessing a remarkable transformation here,” said Oliver Alawuba, the group managing director/chief executive officer at UBA, as he spoke of the bank’s

September 15, 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

Oliver Alawuba Increases Investment In UBA, Shareholders Make N116.27bn

The Group Managing Director of the United Bank for Africa (UBA), Oliver Alawuba, has increased his investment in the financial institution. Alawuba is now the second highest shareholder in UBA after acquiring 35.53 million shares of the bank in the Nigerian stock market

June 27, 2023

Business News

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

Tony Elumelu, the chairman of the United Bank for Africa (UBA), has increased his ownership stake in the financial institution to tighten his control over the firm. Elumelu increased his controlling stake in UBA to 7.18 per cent as at the end

May 30, 2023

Elumelu Confident In Naira Regaining Stability Amid CBN Leadership Change

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

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

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