Nigeria’s UBA to Raise Additional Capital, Start France Unit

Nigeria’s UBA to Raise Additional Capital, Start France Unit

Nigerian lender United Bank for Africa Plc plans to raise 144.8 billion naira ($90.2 million) in additional capital this year, as it aims to meet the central bank’s new threshold and expand into more countries.

UBA to Meet CBN’s N500 Billion Capital Requirement by Q3 2025, Says Elumelu

United Bank for Africa (UBA) Plc is on track to meet the Central Bank of Nigeria’s (CBN) N500 billion minimum capital requirement for commercial banks with international authorization by the third quarter of 2025, well ahead of the March 2026 deadline.Tony Elumelu, Chairman of UBA, announced this during the bank’s 63rd Annual General Meeting (AGM) held at the Transcorp Hilton in Abuja on April 25, 2025. The assurance comes as part of UBA’s strat…

Shettima Congratulates UBA on 75th Anniversary, Hails Innovation Drive — Akelicious

The Vice President, Senator Kashim Shettima, has extolled what he termed the staying power of the United Bank of Africa (UBA) in the past 75 years, describing the financial institution as a pacesetter in innovation, emerging markets and generational ambition. Seventy-five years is not something you pick up at a supermarket. It is earned. It’s through risks and calculations, through storms and sunshine, through mergers and acquisitions, and throu…

Tony Elumelu Says UBA’s N3.2trn Revenue, N767bn Profit Reflection Of Long-Term Strategy

Tony Elumelu Says UBA’s N3.2trn Revenue, N767bn Profit Reflection Of Long-Term Strategy The chairman of United Bank for Africa (UBA), Tony Elumelu, has heartwarmingly reacted to the success the financial institution recorded in 2024. Mr Elumelu spoke at the bank’s 65th Annual General Meeting (AGM) held at Transcorp Hotel, Abuja on Friday, April 25, 2025. According to its 2024 financial results, the bank reported gross revenue of 3.2 trillion Nai…

UBA’s Capital Base Rises To N355.2bn, Assures Customers Of Fund Safety

April 25, (THEWILL) – United Bank for Africa (UBA) Plc has announced an increase in its capital base to N355.2bn, bringing the pan-African financial institution closer to meeting the N500bn capital requirement set by the Central Bank of Nigeria (CBN) for commercial banks with international authorisation. Group Chairman of UBA, Mr. Tony Elumelu, disclosed this

UBA Celebrates 75 Years of Excellence, Declares N767bn Profit at Landmark 65th AGM - Newsmakers

Segun Atanda/ United Bank for Africa (UBA) held its 65th Annual General Meeting (AGM) today at the Transcorp Hilton Hotel in Abuja, marking a dual milestone — the bank’s 75th anniversary and another year of strong financial performance. The Group Chairman, Mr. Tony Elumelu, and the Group Managing Director/CEO, Mr. Oliver Alawuba, addressed shareholders with […] The post UBA Celebrates 75 Years of Excellence, Declares N767bn Profit at Landmark 65…