Tag: UBA

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WEMPCO bosses face potential jail time in $45.7 million recovery feud

UBA seeks prison terms for WEMPCO bosses over alleged contempt in a N61.45 billion ($45.7 million) plant takeover battle.

Omokolade Ajayi Omokolade Ajayi
UBA CEO Oliver Alawuba
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UBA launches Africa-wide green initiative to fight climate change

UBA ties commercial lending to climate targets across 20 African nations, backing clean energy and green projects for over 45 million depositors.

Omokolade Ajayi Omokolade Ajayi
United Bank for Africa Plc (UBA)
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Nigeria court clears UBA to seize Stallion assets in $115 million debt case

Nigeria's Federal High Court cleared UBA to seize Stallion Group assets across commercial hubs to recover an outstanding debt of over $115 million.

Omokolade Ajayi Omokolade Ajayi
Swiss commodity trading giant Vitol SA
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UBA wins asset freeze against Swiss oil trader over lost $242 million fuel

A Lagos court freezes Swiss trader Vitol’s assets as UBA pursues a $242 million claim over vanished, bank-financed petroleum cargoes.

Omokolade Ajayi Omokolade Ajayi
United Bank for Africa Plc (UBA)
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UBA opens subscription channel for Dangote Refinery IPO, invites investors to participate

UBA opens subscription channels for the Dangote Refinery IPO, offering eligible investors access to 4.1 billion shares at ₦525 each.

Omokolade Ajayi Omokolade Ajayi
United Bank for Africa Plc (UBA)
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UBA returns $312 million to investors as shares climb ahead of interim results

UBA has added $312 million to investor wealth in two months as its shares climbed 25.47 percent on the Nigerian Exchange ahead of its interim results.

Omokolade Ajayi Omokolade Ajayi
Emmanuel Nnorom
BusinessHot News

UBA welcomes Emmanuel Nnorom as new chair after Tony Elumelu’s 12-year tenure

UBA appoints Emmanuel Nnorom as Group Chairman after Tony Elumelu retires, bringing four decades of banking and corporate leadership experience.

Feyisayo Ajayi Feyisayo Ajayi
Nigerian billionaire Tony Elumelu
BillionairesBusinessHot News

Nigerian billionaire Tony Elumelu retires as UBA chairman, capping a 21-year run that built a $24.5 billion banking giant

Tony Elumelu retires as UBA Chairman after a 21-year tenure, building a banking giant with $24.5 billion in assets. Emmanuel Nnorom takes over.

Omokolade Ajayi Omokolade Ajayi
Nigerian billionaire businessman and philanthropist Tony Elumelu.
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Nigerian billionaire Tony Elumelu hosts Mastercard CEO as UBA deepens global banking push

Tony Elumelu hosts Mastercard CEO as UBA advances AI-driven cross-border banking and global expansion strategy.

Omokolade Ajayi Omokolade Ajayi
UBA House Marina in Lagos, the headquarters of United Bank for Africa.
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UBA plans 2026 dividend return as loan recovery efforts gain pace

UBA targets 2026 dividend return as loan recoveries improve after a N331 billion ($241.3 million) provision hit 2025 profit.

Omokolade Ajayi Omokolade Ajayi
One of UBA's branches, representing the bank’s retail banking network across its pan-African operations.
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UBA posts $591 million gross earnings in Q1 2026 as recovery gains pace

UBA reports $591 million gross earnings in Q1 2026. FX recovery, lower impairments, and rising deposits strengthen its financial position.

Omokolade Ajayi Omokolade Ajayi
BusinessHot News

UBA, NiDCOM deepen collaboration to boost diaspora investment in Nigeria

UBA and NiDCOM strengthen ties to channel diaspora investment, offering Africans abroad seamless access to Nigeria’s growth opportunities.

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