Leveraging its expansive footprint, pan-African banking group, United Bank for Africa Plc (“UBA” or “the Bank”), announced its unaudited Third Quarter Financial Results, showing a 7% year-on-year growth in profit before tax to N62 billion despite the challenging macro-economic environment. This represents an impressive 18.2% annualized return on average equity. The Bank recorded an appreciable growth in both funding […]
Continue ReadingThe European Investment Bank and United Bank for Africa (UBA) have agreed a new EUR 60 million lending programme to support private sector investment across Nigeria. This represents the EIB’s largest ever loan to UBA and will allow UBA to provide longer term loans than currently available to private companies in Nigeria. The new private […]
Continue Reading…Foundation to provide structural support to encourage innovation, growth and productivity of Nigeria’s creative industries At the historic National Theatre in Iganmu, Surulere, The Tony Elumelu Foundation (TEF) on Wednesday signed an MOU with the Federal Ministry of Information and Culture for the development of Nigeria’s creative industries. The Honourable Minister Alhaji Lai Mohammed and […]
Continue ReadingAfrica’s leading Pan-African bank, recently hosted a cocktail reception for US and African business leaders at the Essex House in New York City. The event was held alongside the UNGA and right after the US – Africa Business Forum(USABF) which was organized by Bloomberg and the United States department of Commerce. The Chairman of UBA, […]
Continue Reading…Dedicates it to all stakeholders working hard to Power Africa out of Poverty Chairman of Heirs Holdings, Mr. Tony Elumelu, yesterday, while receiving the ‘Person of the Year’ award at the Africa Investor CEO Institutional Investment Summit hosted alongside the UN General Assembly in New York, extolled stakeholders in the public and private sectors committed […]
Continue ReadingSpeaking at the weekend in Delaware as the Keynote Speaker at the US Senator Chris Coons’ Opportunity Africa Conference 2016, Elumelu urged candidates Trump and Clinton that on the US-Africa Policy, something’s don’t need to change. What they need is to be expanded and scaled up. In other words, we need more U.S. engagement in […]
Continue Reading“93 Days” a movie which depicts the true account of how Nigeria faced its first case of the Ebola Virus and conquered it, premiered at the Toronto International Film Festival (TIFF) on Friday, 9 September, 2016. The TIFF has built a reputation for only screening the best films from around the world. UBA co-sponsored the […]
Continue ReadingPan-African banking group, United Bank for Africa (UBA) Plc at the weekend carted home two very important laurels at the annual Businessday Banking Awards, winning the Best Bank in Sub-Saharan Africa and the Best Bank in support of Agriculture.The first award, the “Best Bank in sub-Saharan Africa award is in recognition of UBA’s leadership role […]
Continue ReadingUnited Bank for Africa Plc (UBA), announced its Audited 2016 Half Year Financial Results for the period ended 30 June 2016 showing the bank recorded gross earnings of N166 billion, net operating income of N109 billion and profit before tax of N40 billion. The bank also recorded a significant growth in total assets, rising 20% […]
Continue ReadingTony O. Elumelu, Chairman of Heirs Holdings and UBA Plc. has advocated entrepreneurship as a veritable solution to achieving poverty reduction in the country. Elumelu who is also the Founder of The Tony Elumelu Foundation delivered a paper themed: “Entrepreneurship, Corporate Social Responsibility and Africapitalism: The Role of The Private Sector In Fighting Poverty in […]
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