Tag Archives: UBA

UBA Approves Financial Accounts, Set For Dividend Declaration

UBA House (1)

Shareholders of United Bank for Africa (UBA) Plc are expecting the announcement of a final dividend for the 2018 financial year. This followed the approval of the bank’s financial statements for the year ended December 31, 2018. In a notification to the Nigerian Stock Exchange (NSE), UBA said its Board of Directors last Monday approved its financial statements and payment …

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Interswitch, Microsoft Partner On Blockchain Technology In Nigeria

Interswitch Group has announced the launch of its innovative blockchain-based supply chain financing service, in partnership with Microsoft. The initiative brings together entrepreneurs, major financial institutions and corporate organisations, all on a single platform to provide end-to-end visibility that will ensure fast and seamless trade financing in supply chain operations. Interswitch Blockchain Service (Supply Chain Finance Module), built and hosted …

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UBA Receiving Entries For National Essay Competition

The UBA Foundation is now accepting entries for this year’s edition of the National Essay Competition. The first prize for the competition is a N2 million educational grant for the winner to study in any African university of his or her choice, a 100% increase from N1m which was awarded last year, while the second and third prizes have increased …

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UBA Shows Resilience As Gross Earnings, Profit Hit N375bn, N79bn

United Bank for Africa Plc, has announced its unaudited 2018 third quarter financial results, with impressive growth in Gross Earnings, which berthed at N374.8 billion, a 12.3 percent increase when compared to N333.9 billion recorded in the corresponding period of 2017. According to the report filed to the Nigerian Stock Exchange (NSE) yesterday, UBA’s net operating improved 1.7 percent year-on-year …

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UBA Plc Receiving An Award In Recognition Of The Group’s Diversification Efforts Across The African Continent

UBA

Photo Caption: Ugo Nwagodoh (right), Group Chief Finance Officer, UBA Plc, receiving an award to recognize the group’s diversification efforts across the African continent, from Mr. Akin Akeredolu-Ale, Chief Executive of the Lagos Commodities & Futures Exchange Limited and Vice Chairman, Association of Stockbroking Houses of Nigeria (ASHON), at the maiden CAMCAN Nigerian Capital Market Performance Awards, on Saturday, September …

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Loan Risks Remain In Nigerian Banks—Moody’s

–Says Skye Bank Takeover Good For Sector Tayo Olanipekun Nigerian banks’ earnings will come under pressure and capital metrics will decline marginally over the next 12 to 18 months, Moody’s has said. It noted in its latest Nigeria Banking System Outlook that the sector’s asset quality will remain weak with deterioration in loan performance that is marginal as operating conditions …

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UBA’s Leo Launched On WhatsApp

LEO

Pan-African Financial Institution, United Bank for Africa (UBA) has announced the commencement of its chat bank ‘Leo’ on the WhatsApp platform.  With Leo on WhatsApp, customers who are users and lovers of the app can now can perform basic banking services including checking their balances on the go, transferring funds, paying bills, among other services. The Group Managing Director/Chief Executive Officer, UBA, Mr. Kennedy Uzoka, who expressed excitement about the development remarked that …

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UBA Appoints Four New Board Members

The Board of Directors of the United Bank for Africa is pleased to announce the appointment of four new members to its board, subject to the approval of the Central Bank of Nigeria(CBN). The new board members are Mrs. Erelu Angela Adebayo, Ms. Angela Aneke, Alhaji Abdulqadir Jeli Bello and Mr. Isaac Olukayode Fasola. These appointments follow the retirement of …

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