UBA
-
economy
CIBN, advocate skills exportation, brain gain
The Chartered Institute of Bankers of Nigeria (CIBN), on Thursday, called for increased human capital development to export talents abroad and prevent vacuum from mass migration of experts out of the country. CIBN President, Prof. Pius Olarenwaju, said this in Lagos at a media briefing to announce the institute’s forthcoming 17th Annual Banking and Finance Conference. Olarenwaju, while taking questions…
Read More » -
economy
MTN, Tier-1 banks stocks lift NGX gains by N157bn
Renewed interest in MTN Nigeria, alongside sustained interest in Tier-one banks’ stocks, further raised the equity market by 0.27 percent on Thursday. Specifically, investors gained N157 billion, or 0.27 percent, making the market capitalization, which opened at N58.963 trillion, close at N59.120 trillion. Consequently, the All-Share Index grew by 0.27 percent, or 278.42 points, to close at 104,562.06, as against…
Read More » -
economy
Profit taking drags market capitalisation down by N168bn
The market capitalization of the Nigerian Exchange Ltd. (NGX) on Wednesday further declined by N168 billion, or 0.28 percent, following profit-taking by investors. Specifically, the market capitalization of listed equities depreciated to N58.947 trillion from N59.115 trillion, which opened for the day. Similarly, the All-Share Index, which measures the performance of listed equities, dropped by 0.28 percent, or 297 points,…
Read More » -
economy
Selloffs in Dangote Cement, MTN, others push equity down by 1.23%
Selloffs in the shares of Dangote Cement, Conoil, and MTN Nigeria, among others, on Friday dragged the equity market’s performance indices down by 1.23 percent to close the week’s trading sessions. Specifically, investors lost N672 billion, or 1.24 percent, as the market capitalization, which opened at N54.707 trillion, closed at N54.035 trillion. The All-Share Index also lost 1.24 percent, or…
Read More » -
General News
BVN/NIN linkage: Lagos residents besiege banks, seek extension
Bank customers have continued to besiege various bank branches in Lagos to meet Central Bank of Nigeria (CBN) deadline for linking bank verification numbers (BVN) and national identification numbers (NIN) to their accounts. In separate interviews with the News Agency of Nigeria (NAN), the bank customers also asked the CBN to extend the deadline for them to link their BVN…
Read More » -
economy
Stock market declines further by N773bn on MPR hike
Transactions on the stock market closed negative on Tuesday for the secondary day, depreciating further by 1.38 percent in reaction to the outcome of the Monetary Policy Committee (MPC) meeting of the Central Bank of Nigeria (CBN). The News Agency of Nigeria (NAN) reports that CBN, at the bi-monthly MPC meeting, raised the benchmark lending rate by 400 basis points…
Read More » -
economy
Equity market drops N51bn
The market capitalization of the Nigerian Exchange Ltd. (NGX) dropped by N51 billion on Monday. Specifically, the market capitalization opened at N55.861 trillion and closed at N55.810 trillion, representing a 0.09 percent decrease. The All-Share Index also dropped by 0.09 percent, or 93 points, to close at 101,995.53, as against 102,088.30 posted on Friday. Consequently, the year-to-Date (YTD) return fell…
Read More » -
Finance
Afreximbank and UBA Secure Record-breaking Crude Oil Prepayment Facility for Nigeria
LAGOS, January 13, 2024:Â In a groundbreaking development, the African Export-Import Bank (Afreximbank) has successfully orchestrated a syndicated US$3.3 billion crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). The landmark transaction marks Nigeria’s largest crude oil prepayment facility and stands as one of the largest syndicated loans raised in Africa in 2023. A significant boost to…
Read More » -
Finance
United Bank for Africa (UBA) Achieves N1 Trillion Market Capitalization Milestone
LAGOS, Jan 8 – The United Bank for Africa (UBA) PLC has crossed the N1 trillion market capitalization threshold, reaching N1,022,562,698,843, solidifying its position as the third most capitalized financial institution in Nigeria. This achievement follows a remarkable surge from N283.8 billion at the beginning of 2023. With 34,199,421,366 shares in issue, UBA’s ascent to the N1 trillion market capitalization…
Read More » -
Featured
UBA GMD/CEO, Oliver Alawuba, Conferred with Doctorate Degree by Imo State University
For his immense contributions to the growth of banking and finance in Nigeria and across Africa, the Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Oliver Alawuba, was on Saturday, conferred with an Honorary Doctorate Degree in Banking and Finance by the Imo State University (IMSU) Owerri, Nigeria. Alawuba was honoured during the school’s 8thConvocation Ceremony,…
Read More » -
Featured
UBA Appoints Abiola Bawuah As First Female CEO For Africa Operations
The Board of Directors of the United Bank for Africa Plc, today announces the appointment of Mrs. Abiola Bawuah, as Chief Executive Officer (CEO) of UBA Africa. Bawuah will also join the Group Board as an Executive Director, overseeing the Group’s operations across the African continent, outside Nigeria. UBA operates in 19 African countries beyond Nigeria, in addition to global…
Read More » -
Featured
2023: NYSC warns corps members against local politics
 Mrs Christy Uba, the Acting Director-General, National Youth Service Corps (NYSC), has warned corps members to desist from participating in local politics. According to the News Agency of Nigeria (NAN),Uba  gave the warning at the closing ceremony of 2022 Batch ‘C’ Stream II Orientation Course at Damare Orientation Camp in Girei, Adamawa, on Tuesday. Represented by Mr Jingi Denis, the…
Read More » -
education
Eziaku Esther, Emerges Winner of UBA Foundation’s NEC 2021
UBA Foundation, the CSR arm of the United Bank for Africa (UBA) Plc, on Tuesday, held the Grand finale of its eleventh annual National Essay Competition (NEC) at the Tony Elumelu Amphitheatre at the UBA House, Marina Lagos, in a ceremony that was well-attended by students, staff and parents. A visibly excited 15-year-old Eziaku Esther, a student of His Grace High School, Enugu…
Read More » -
NEWS
Ex-Staff Launches UBA Alumni Network
It was an interesting and auspicious time to see ex-staff of United Bank for Africa (UBA) Plc, come together to launch the UBA Alumni Network. The maiden event took place at UBA’s Amphitheatre on Tuesday, 2021, and was very well attended by Ex-staff in line with the Covid-19 protocols. A number of ex-staff of the bank from within and outside…
Read More » -
NEWS
At UBA, Customer Satisfaction Remains our Number one Priority – Uzoka
The Group Managing Director/Chief Executive Officer, United Bank for Africa (UBA) Plc, Kennedy Uzoka, has said that the main priority for every staff in the bank is to always ensure customer satisfaction. This, he said, is crucial for every forward-thinking organisation such as UBA, as the customer remains  the undisputed employer. In a message to all staff to mark the…
Read More » -
NEWS
UBA’s LEO hits 3 million user mark, remains smartest banking chatbot
United Bank for Africa (UBA) Plc, has in the last three years won the hearts of its customers with its artificial intelligence chat bot, LEO, which has proven to be the most formidable artificial intelligence chat bot till date; serving an ever-increasing clientele who now have less transaction hassles to worry about. Leo is an AI chatbot for banking services currently available…
Read More » -
News
Continuous economic diversification my priority – Andy Uba
The economic diversification of Anambra will receive top priority in my administration when elected on Nov. 6, Sen. Andy Uba, the governorship candidate of the All Progressives Congress (APC), has declared. He made this known on Wednesday in an interview with the News Agency of Nigeria in his Uga residence in Aguata Local Government Area of Anambra. Uba said that…
Read More »