UBA

Posted on February 19, 2017 by Onome Ohwovoriole

Family Ties: An Example Of How Tony Elumelu Protects His Interests

Nairametrics| Chief Israel Ogbue, one time chairman of UBA recently turned 90. Among guests at the august birthday occasion was billionaire entrepreneur and former Managing Director of UBA Plc Tony Elumelu. Ordinarily this should not be news, except that Chief Ogbue unwittingly revealed a little-known fact. Tony Elumelu is married to his daughter Awele.

Posted on February 19, 2017 by Ugo Obi-chukwu

Buy Sell or Hold? These 4 Heavy Weight Bank Stocks!

Nairametrics| The Nigerian Banking Index is currently up 0.42% year to date compared to the wider All Share Index which is down 6.36% year to date. A lot of the positive sentiments being recorded in the banking sector comes from the likes of Access Bank, GT Bank, UBA and Zenith Bank. Wherever they go, the index goes. Read More

Posted on January 11, 2017 by Onome Ohwovoriole

Corporate Action: UBA Plc Notification of Closed Period

UBA Plc, in a statement to the Nigerian Stock Exchange NSE has declared the commencement of the bank’s closed period from today January 11 2017 in respect Audited Accounts and Financial Statements for the period ended December 31st 2016.  During this time, directors and related parties with access to sensitive information are not allowed to Read More

Posted on October 11, 2016 by Nairametrics

Alert: United Bank For Africa Plc Release 2016 Third Quarter Earnings

UBA Plc released its 2016 result for the nine months ended 30 September 2016 ; See below   United Bank For Africa Plc 2016 Quarter three Results UBA Plc 2016 Q3 2015 Q3 %age Change N’m N’m Net Interest Income      112,073       102,115 10% Pre-tax profits        61,555         57,366 7% Profit after tax Read More

Posted on August 26, 2016 by Nairametrics

Alert: United Bank For Africa Plc Release 2016 Half Year Earnings

UBA Plc released its 2016 result for the year ended 30 June 2016 ; See below   United Bank For Africa Plc 2016 Half Year Results United Bank For Africa Plc 2016 H1 2015 H1 %age Change N’m N’m Net Interest Income            64,132            64,390 Pre-tax profits 40,270            39,046 3% Profit after tax Read More

Posted on July 12, 2016 by Nairametrics

BOOM: Fitch Downgrades UBA & First Bank

Fitch Ratings yesterdayv downgraded First Bank of Nigeria Ltd’s (FBN) and United Bank for Africa’s (UBA) the Long-Term Foreign Currency Issuer Default Ratings (IDRs) to ‘B’ from ‘B+’.  The agency has also downgraded the National Long-Term Rating of FBN Holdings Plc (FBNH), the parent holding company of FBN, to ‘BBB+ (nga)’ from ‘A(nga)’. Fitch has Read More

Posted on May 25, 2016 by Jon SNOW

Why FDC Placed A BUY Rating On UBA Stocks.

In these tough times, where companies are closing shops and banks stuttering as a result of an economic slowdown, Financial Derivative Company Limited (FDC), a renowned investment house, have placed a Buy ratings on the stocks of United Bank for Africa (UBA). This is because the lender with 19 branches spread across Sub Saharan African Read More

Posted on May 18, 2016 by Chris PEMU

Meet UBA’s 5 New Executive Directors

Leading pan Africa banking group, United Bank for Africa Plc, has announced the appointment of Ayo Liadi, Ibrahim Puri, Oliver Alawuba, Uche Ike and Chuks Nweke into executive management positions in the bank. This is subject to the approval of the Central Bank of Nigeria: UBA says, they all bring considerable experience to the Board Read More

Posted on May 17, 2016 by Blessing ONWUYALI

UBA Gets Lion Share, As CBN Forex Sales To Banks Drops By $5.3 Billion

Central Bank Of Nigeria (CBN) Last week, sold a total of $130.755.294.59 to 14 commercial banks, 4 merchant banks and the Bank of Industry(BIO), indicating a reduction in Foreign Exchange(FOREX) allocation, by $5.283.163.58. Forex returns publication, shows a decline in the amount of allocation and number of financial entities that are allotted. United Bank of Read More

Posted on May 4, 2016 by Reginald Chukwu

Why Elumelu Wants UBA To Splash Millions More In Loss Making African Entities

The Chairman and patriarch of United Bank for Africa (UBA), Tony Elumelu has announced that the bank is planning to inject billions more into its subsidiaries in Kenya, Tanzania and Uganda. According to Reuters, Elumelu made this remark on this sidelines of a news conference on Tuesday. According to him, expanding to these countries is Read More

Posted on March 22, 2016 by Chris Pemu

Elumelu Wants FG To Improve In Its Laws To Boost Economic Growth

Founder of the Tony Elumelu Foundation (TEF), Tony Elumelu has advocated the need to amend and improve the laws in Nigeria as he sees them as “Imperfect.” If done, it will bring rapid improvement in the lives of Nigeria and economy of the nation. Elumelu, spoke at the National Assembly Business Environment Roundtable in Abuja. Read More

Posted on March 15, 2016 by Jon Snow

UBA 2015 Results, Beats Expectations As Net Income Up 24.53%

United Bank for Africa Plc, the lender operating in 19 countries on the continent, has defied macroeconomic headwinds hitting Nigerian companies  as full year 2015 earnings spiked, a result that beat analysts expectation. For the year ended December 2015, UBA’s net income increased by 24.53 percent to N59.65 billion from N47 billion as at December Read More

Posted on March 1, 2016 by John Snow

UBA Appoints Kennedy Uzoka As New Group Managing Director

United Bank for Africa (UBA) Plc has announced the appointment of a new Group Managing Director/ CEO in the person of Mr. Kenedy Uzoka. The appointment takes effect from August 1, 2016, subject to the approval of the Central Bank of Nigeria. The lender also said Mr. Victor Osadolor is now the deputy Managing Director Read More

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