UBA Meets NSE’s Stringent Corporate Governance Conditions, Lists on NSE Premium Board:

The Nigerian Stock Exchange on Monday migrated the ordinary shares of United Bank for Africa (UBA) Plc to its Premium Board, in what capital market analysts describe as an attestation to the Bank’s strong adherence to international best practices on corporate governance.     The Premium Board is the newly created platform for elite companies that meet the most stringent corporate governance and listing standards of the Exchange. According to… Continue Reading

Heritage Bank, GAC Motors partner on affordable vehicle finance scheme

Heritage Bank Plc has entered into a strategic partnership with the Choice International Group (CIG) Motors Limited to introduce a new vehicle finance scheme aimed at assisting interested and pre-qualified customers to buy brand new GAC Vehicles with ease and at affordable prices. The initiative tagged: “Go CAR-razy,” was facilitated by the sole representative of GAC Motors in Nigeria known as CIG, which enables individuals who meet the prescribed conditions… Continue Reading

Zenith Bank MD, Peter Amangbo, Adaora Umeoji Not at War

Contrary to rumors and insinuation about alleged  cold war between   Zenith Bank Managing Director, Peter Amangbo and Deputy Managing Director, Adaora Umeoji, this magazine gathered that there is nothing like that between the two head honchos of the bank    Those who are in the know confirmed  to us that the alleged   war between the two top bankers is  just a figment of the imagination of bad people and enemies of progress who… Continue Reading

UBA Rewards High Performance, Promotes 2,000 Staff Across Africa

In line with its commitment to reward excellence and high performance, Pan-African financial institution, United Bank for Africa (UBA) Plc, has announced the promotion and elevation of about 2000 of its work force, representing about 17% of total staff strength across the group.   This is in recognition of the remarkable contribution the staff members have made to the bank’s business growth as highlighted by the impressive performance recorded in… Continue Reading

Octopus: Heritage Bank attains ISO 27001 Information Security Management Certification

Heritage Bank Plc, Nigeria’s most innovative banking service provider, has achieved the Information Security Management Certification from International Standards Organisation (ISO). This certification also known as the ISO 27001: 2013 is part of the ISO 27000 family of standards which helps organisations keep information assets secure. The certification was achieved on the heels of the bank’s drive to revolutionalise the banking sector digital experience with Octopus, by putting in place… Continue Reading

UBA Revolutionises eBanking, Introduces Leo, Chat Banking Personality on Social Media Platforms

Pan-African financial institution, United Bank for Africa (UBA), has today, changed the face of e-banking with the introduction of Leo, the UBA Chat Banker who enables customers make use of their social media accounts to carry out key banking transactions.   At the official launch of Leo, UBA’s Chat Banker, which took place in Lagos on Thursday, customers of the bank were given a step by step demonstration on the novel… Continue Reading

UBA Bags More Laurels as Group head of Marketing Wins Top Marketing Professional Award

Pan-African financial institution, United Bank for Africa Plc has continued to make waves on the continent adding more laurels to its ever-increasing list of achievements. The Bank’s Group Head, Marketing and Corporate Communications, Bola Atta was recognised as the Top Marketing Professional in West Africa at the 7th Marketing World Awards (MWA) & Marketing 360 Summit. The prestigious award was presented at the event which was held in Accra over the… Continue Reading

In 20 years, Zenith Bank’s shareholder value jumps from $4 million to $4 billion – Jim Ovia, CEO Zenith Bank

On CNN’s ‘Marketplace Africa’, host Zain Asher sits down with the founder and CEO of Zenith Bank to discuss the secrets of his success and the impact Nigeria’s recession had on business. Founder and CEO of Zenith Bank, Jim Ovia describes the bank’s successes over the last 27 years: “I started Zenith Bank in 1990 and 20 years later the Zenith Bank shareholder value is four billionUS dollars. From four million dollars… Continue Reading

2017 National Essay Competition: UBA Foundation Announces Call For Entries

UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced the call for entries for the 2017 edition of its annual UBA Foundation National Essay Competition in Nigeria.   The essay competition which is put together for senior secondary school students is organized as part of UBA Foundation’s Education  initiative to promote a reading culture and encourage healthy and intellectual competition amongst secondary… Continue Reading

Press Release: Your UBA Card Can Be Used On Any Site, Anywhere

In our relentless bid to continuously provide excellent services to our customers, we work hard to protect your transactions and Identity. We recently sent you correspondence indicating that your cards would be protected from certain risky sites. We have listened to  you and have heard that this is not in line with your expectations. We have immediately made adjustments accordingly. Please be informed that all sites have been unblocked and… Continue Reading

Waging war Against Former Management Inimical to Bank’s Health – Bank official Counsels Skye Bank Management

A former management staff of First Bank plc. who recently retired from the leading bank has urged the management team of Syke Bank led by Tokunbo Abiru to concentrate on the task of taking the bank to the next level rather than dissipating energy in battles against the former Board and management of the bank.   “Since Tokunbo Abiru’s assumption of office as the managing director of Skye Bank, he… Continue Reading

GTBank Celebrates 10th Anniversary Of Listing On The London Stock Exchange

Foremost African financial institution, Guaranty Trust Bank plc, is celebrating the 10th anniversary of its listing on the London Stock Exchange whereby the Bank became the first Nigerian bank to be listed on the London Stock Exchange (LSE), the first to dual list on an international exchange and the first Nigerian company to raise international capital using listed Global Depositary Receipts. To mark the pioneering feat, the MD/ CEO of… Continue Reading

FAILED BANK:Skye Bank In Crisis….Can’t submit audited report as usual

In what many  financial analysts and key watchers in the banking sub-sector of the Nigerian economy have dubbed the beginning of the end, the litany of woes currently bedeviling Skye bank have now assumed a calamitous and disheartening dimension as the bank is now struggling to stay afloat.     According to Global News inside sources, the management of the company is battling to save its face from shareholders as… Continue Reading

UBA Wins Again! Emerges Financial Brand of the Decade

Pan African banking and financial services group, United Bank for Africa (UBA) Plc has added yet another laurel to its cap as it emerged the Financial Brand of the Decade at the Marketing Edge Awards which was held over the weekend. The award in recognition of UBA’s innovative and pacesetting role, is a product of painstaking review and assessment of the iconic contributions of the brand to the growth, development… Continue Reading

S&P assigns ‘B/B’ ratings and stable outlook on UBA Plc; at par with the Nigerian Sovereign

International Rating Agency, Standard and Poor’s (S&P) assigned its ‘B’ long term and ‘B’ short term global scale counterparty credit ratings to the United Bank for Africa Plc (UBA). These ratings on the pan African financial institution, United Bank for Africa (UBA) Plc, are at par with S&P ratings on the Nigerian Sovereign. More so, S&P’s ‘B’ rating is the highest rating currently assigned to any Nigerian-based financial institution, thus… Continue Reading

UBA Revolutionises Mobile Payments with *919# Magic Banking

In line with its determination to dominate Africa’s mobile banking space with the introduction of cutting edge technology-driven products and services, United Bank for Africa (UBA) Group, leading African financial institution, has introduced a full-fledged banking platform, tagged UBA Magic Banking and enabled by dialling *919# within Nigeria. The USSD code *919# enables customers to do a multitude of tasks such as: open UBA accounts, transfer funds to UBA and… Continue Reading

UBA: Outperforming

United Bank for Africa (UBA) Plc is on the top list of companies with well-rounded performance. UBA’s top-of-the-chart performance at the stock market combines with considerable growth in all key fundamental indicators to make the bank the best performing banking stock in recent period. Capital Market Editor Taofik Salako, in this report, reviews the interplay of fundamental earnings and share price appreciation United Bank for Africa (UBA) Plc outperformed all… Continue Reading

UBA Reinforces Its Customer Focus, Honours Staff Integrity

The United Bank for Africa Plc (UBA) once again demonstrated its commitment to excellence in customer service, by celebrating staff who have strived to implement the Bank’s core values of Enterprise, Excellence and Execution. At the event held at the Eko Hotel Expo Centre, Lagos, Nigeria, UBA gathered customers, captains of industry, dignitaries from politics and diplomacy, staff and Board members from its 19 African country network, to witness the… Continue Reading

UBA Grows Profit Before Tax By 32%, Declares Final Dividend per Share of 55kobo

United Bank for Africa (UBA) Plc, the pan-African financial services group, operating in 19 African countries, has released its audited 2016 full year results, showing significant growth in gross earnings and profits, an attestation to its resilience, enhanced productivity and geographic diversification, evident in the impressive contribution from its African subsidiaries. The Group recorded an impressive 22 percent growth in gross earnings to N384 billion, as at December 2016, from… Continue Reading

HOW BANKS MAY SABOTAGE CBN FOREX POLICY

As many people are now saying “happy days” are here with the recent policy of the Central Bank of Nigeria to ease the hardship occasioned by the high exchange rate of the dollar to the naira as the Apex bank is planning to sell 1million dollars weekly to each of the country’s 21 commercial banks at a rate of N375 to a dollar to clear the backlog. However many analysts… Continue Reading

GTBank Wins Multiple Awards at the 2017 CBN EPIS Efficiency Awards …………Wins 6 awards for 2nd year running

In what can be categorized as a really great moment, foremost financial institution, Guaranty Trust Bank plc, has reaffirmed its position as Nigeria’s leading financial institution on e-payments with its emergence as a multiple award winner during the 2017 Electronic Payment Incentive Scheme (EPIS) awards organised by the Central Bank of Nigeria (CBN) and the Nigeria Inter-bank Settlement System (NIBSS). With six awards, GTBank took home half of the dozen… Continue Reading

Winner of GTBank Porsche 911 Giveaway Draw Opts For Cash Equivalent Lagos Nigeria

The winner of the Porsche 911 Giveaway Draw organised by leading African Financial Institution, Guaranty Trust Bank plc, has opted for the cash equivalent of his Porsche 911 Carrera reward. Abdulkareem Buhari, a 30-year old trader in Kaduna, was announced as winner of the GTBank Porsche 911 Giveaway Draw after a raffle draw held on Wednesday, December 15, 2016 at the Corporate Head Office of the Bank. Following his preference… Continue Reading

GTBank Gets TripleHonors at Euromoney Private Banking Awards…….. Ranked Best Private Bank in Nigeria

Foremost African financial institution; Guaranty Trust Bank plc, reaffirmed its positionas a leading global brand with its recent recognition as the ‘Best Private BankingServices, Best Commercial Banking Capabilities & Best Net-worth SpecificServices in Africa’ during the 2017 Euromoney Private Banking Awards which heldon Wednesday, February 22, 2017 at the Plaisterer’s Hall in the City of London. Now in its 14th year, the Euromoney Private Banking and Wealth ManagementSurvey is the… Continue Reading

N4.2bn Transaction: Keystone Bank denies owing ITF N23.5 million

Keystone Bank Limited has refuted allegation by Industrial Training Fund (ITF) and the House of Representatives Public Accounts Committee (PAC) that it is owing the agency N23.5 got million being an accrued interest sum from a N4.2 billion transaction. The Deputy Chairman of the Public Accounts committee, Rep Ibrahim Baba (APC, Bauchi) and ITF’s Director-General, Joseph Ari had accused Keystone Bank of moving money thrice from ITF’s account domiciled in… Continue Reading

UBA Strengthens Brand Afiliation on Nigerian Campuses , Unveils 15 Ambassadors

The United Bank for Africa (UBA) Plc Friday launched the maiden edition of its Campus Ambassador Programme with the induction of the first 15 brand ambassadors. The UBA Campus Ambassador Programme is an initiative to identify young emerging leaders among students of tertiary institutions and give them a unique and highly rewarding learning experience. The 15 successful candidates were selected from among 200 students across tertiary institutions in Nigeria through… Continue Reading

Massive withdrawal hits banks…as depositors withdraw to finance MMM

Just as many Nigerians are trooping in their millions into the MMM scheme and making millionsof Naira every day, others who are not already into MMM have joined other money-spinning Ponzi schemes like Winthrills ,Ultimate Cycler, Givers Forum,Crowd Rising and many others; but the negative effect of this fast money-making schemes is now being felt by all the Nigerian banks and they are now very jittery because the schemes may… Continue Reading

RECESSION : BANKS TO SACK THOUSANDS!!!

The die is cast. The reality sets in.There is tension in the land.The largest economy in Africa is in deep recession and the attendant effects of the development on various sectors of the economy is beginning to hit home as the banking industry -one of the biggest sub-sectors in the country – is set to embark on a massive and unprecedented retrenchment of its workers. Global News can now authoritatively… Continue Reading

: AfDB and United Bank for Africa Plc sign US$ 150 million Line of Credit

The African Development Bank Group (AfDB) and United Bank for Africa Plc (UBA) on Wednesday November 30, 2016, signed a US$ 150 million loan agreement to finance infrastructure and SME projects, including women-owned enterprises in Nigeria. “The Fund will support development of productive sectors of the economy; particularly the power sector, Infrastructure, Women owned enterprises as well as SMEs. This line of credit comes at an opportune time and would… Continue Reading

UBA CFO, Finance Team Shine at CFO Awards

Pan-African financial services group, United Bank for Africa Plc repeated the outstanding feat, it recorded last year at the 2nd edition of Nigeria CFO awards, with a notch higher when its Group Chief Finance Officer (Group CFO) and the Finance Team bagged the treble at the awards night held on November 19, 2016 at Oriental Hotel, Lekki Lagos. The bank won the following awards; CFO of the Year; Financial Innovation… Continue Reading

UBA Wins best CSR Company in West Africa

Pan African banking Group, UBA has emerged the best institution in Corporate Social Responsibility (CSR) in West Africa. Its CSR arm; UBA Foundation won the best CSR/Sustainability, West Africa Award at the 10thSERAs (Social Enterprise Report Awards) ceremony which held at the Muson Centre in Lagos Nigeria on Friday November 11, 2016. UBA Foundation, beat other nominees in its category, including; Lafarge, MTN, Nestoil, P&G, Exxon Mobil and Shell to… Continue Reading

Our Latest Cover

First Bank

UBA

Peace

Heritage Octopus

loading...