The Group Chairman of United Bank for Africa (UBA) Plc, Mr. Tony Elumelu, has called on African policymakers to prioritise the creation of a stable and predictable business environment that …
UBA
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African DevelopmentBusinessEconomyGovernanceINVESTMENTLeadership
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BankingCapital MarketCorporate AffairsEconomyFinanceNigeriaRegulation
Big Banks in Nigeria Spend ₦442 Billion on AMCON Charges as Profits Fall
by Radarr Adminby Radarr AdminNigeria’s biggest commercial banks have spent a total of ₦442 billion on the Asset Management Corporation of Nigeria (AMCON) levy in the first half of 2025, representing a 34 percent …
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BankingBusinessCapital MarketCorporate EarningsEconomyFinance
UBA Half-Year Profit Rises to N335bn Despite Drop in Pre-Tax Earnings
United Bank for Africa Plc (UBA) has announced its financial performance for the first half of 2025, showing a profit after tax of N335.53bn. This represents a 6.06 per cent …
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BankingEastern AfricaEconomyInfrastructureInternational RelationsKenyaNigeriaTrade
UBA Commits $150m to Kenya’s Roads Levy Programme
United Bank for Africa Plc (UBA) has announced a $150 million (KES 20.5 billion) commitment to Kenya’s Roads Levy Securitisation Programme, a $1.35 billion initiative designed by the Kenya Roads …
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BankingEconomyINVESTMENTManufacturing & Consumer GoodsOil & GasStock Market
Nigerian Stock Market Rebounds with N986bn Gain as Investors Regain Confidence
The Nigerian stock market recorded a strong rebound last week as investors’ portfolio value rose by more than N986 billion within five trading sessions. The development marked the end of …
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BankingCorporate AffairsDigital TransformationFinance & ServicesInnovationMarketsSocial Media
Top 5 Nigerian Banks Dominating social media in 2025
Navigating the bustling digital sphere, Nigerian banks are in a fierce competition not just for customer deposits, but for attention and engagement. In 2025, social media is no longer a …
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BankingBusinessEconomyFinanceNewsNigeriaTechnology
UBA Unveils Fifth Supersavers Promo with N150m Prize to Boost Savings Culture
The United Bank for Africa Plc has launched the fifth season of its Supersavers Promo, which will reward customers with N150 million in prizes while encouraging more Nigerians to embrace …
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BankingBusinessEconomyFinanceWomen Empowerment
UBA Secures N5bn BOI Loan to Support Women-Owned and MSME Businesses
United Bank for Africa Plc (UBA) has obtained a N5bn loan facility from the Bank of Industry (BOI) to support the growth of micro, small, and medium enterprises (MSMEs) in …
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AfricaBankingEconomyFintechInnovationTrade and Commerce
UBA Launches AI-Powered Cross-Border Payment with PAPSS
The Group Managing Director and Chief Executive Officer of United Bank for Africa (UBA), Mr Oliver Alawuba, has described the Pan-African Payment and Settlement System (PAPSS) as Africa’s strategic response …
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BusinessCapital MarketEconomyFinance & ServicesMarkets
NGX Market Capitalisation Increases by N459bn as BUA Cement
The Nigerian Exchange Limited (NGX) continued its upward momentum on Tuesday, August 6, 2025, as the market saw renewed buying interest in major stocks. The All-Share Index (ASI) climbed by …