Tag Archives: United Bank of Africa

United Bank for Africa (UBA) Plc has signed an agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat to provide financing for up to US$6.0bn over the next three years to eligible small and medium enterprises, SMEs, across Africa. The bank signed the agreement with AfCFTA on the sidelines …

…Shareholders Approve N1.10 United Bank for Africa (UBA) Plc has reported a 43.5% increase in profit after tax from N119 billion in 2021 to N170 billion in 2022. The bank noted that in line with the bank’s overall objective of stimulating growth in the real sector, the bank grew its …

United Bank for Africa Plc has rescheduled the meeting of its Board of Directors to consider the Group Audited Accounts and Financial Statements for the year ended December 31, 2022, as well as proposals for the Final Dividend amongst others. The meeting of the board of directors of UBA Group …

…As Profit Before Tax Rises by 12.3% to N138.5 Billion United Bank for Africa (UBA)’s has revealed its total assets for the end of the third quarter (Q3) period were estimated at N9.3 trillion, 9.1 per cent stronger than their value as of the end of December 2021. It was …

Two of the leading insurance companies in Nigeria, Heirs Insurance Limited (HIL) and Heirs Life Assurance (HLA) have commenced a bancassurance partnership with global banking group, the United Bank for Africa (UBA). The partnership will permit the distribution of  affordable and dependable insurance products for all, at UBA Nigeria branches, …

Africa’s global bank, United Bank for Africa (UBA) Plc, and leading Pan-African Payments Company Cellulant have announced a partnership that will extend payment services for merchants and consumers across 19 key African countries in which UBA operates. These countries include Nigeria, Ghana, Kenya, Côte d’Ivoire, Zambia, Tanzania, Uganda, Republic of …

The United Bank of Africa, UBA has published the names, Bank Verification Numbers (BVN) and account numbers of some customers alleged to have violated the forex policy of the Central Bank of Nigeria. This development is coming after the CBN directed banks to expose customers who engage in fraudulent and …

Within a period of one year spanning January 1 to December 31 2020, 10 top banks in Nigeria recorded a total of 329,496 unresolved customer complaints. The banks are Zenith, Guaranty Trust Bank, First City Monument Bank, United Bank of Africa, Access bank, Fidelity bank, Union bank, Sterling bank, Polaries …

Pan African financial institution, United Bank for Africa (UBA) Plc, and Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German Development Finance Institution, have entered into a partnership aimed at supporting small and medium scale businesses (SMEs) in Nigeria. Both organisations signed a $50 million term facility agreement with a tenor of …

By Cornel Dixon, Head of Africa at Backbase When the pandemic first hit African economies in 2020, executives across the continent knew that banking would never be the same again. While bankers scrambled to plead with regulators and reassure shareholders, some believed that Covid-19 could fast track the slow movement …