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The Nigerian government has directed commercial banks to begin deducting stamp duty charges on mortgage-backed loans. The new directive comes as the government seeks to ramp up revenue and boost fiscal performance. Already, Commercial banks have started notifying their customers of the new charges, saying that the new charges do not affect previously approved loans . Nigerian government has directed ...
May, 2024
November, 2022
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9 November
UBA opens Saturdays for naira notes deposit
The United Bank for Africa (UBA) has opted to open on Saturdays to enable customers to deposit their existing naira notes pending the circulation of new ones in December 2022. This Central Bank of Nigeria (CBN) announced the redesign of naira notes on Wednesday, stating that the new notes will come into circulation on December 15. As a result, UBA ...
August, 2022
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4 August
Major changes in UBA, appoints new GMD, others
United Bank for Africa Plc on Monday announced the appointment of Oliver Alawuba as its group managing director, overseeing all the Group’s banking operations across its 20 African country networks and globally in the United Kingdom, the United States of America, France, and the United Arab Emirates. In a statement, the UBA Group Chairman, Tony Elumelu, said, “I am very ...
May, 2020
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6 May
Buhari approves Zenith, 4 other banks for Covid-19 donations
President, Muhammadu Buhari, has issued new directives on COVID-19 donations to Nigeria by philanthropists, companies and international organisations. He has approved the opening of five COVID-19 Donor Accounts which form part of the existing Treasury Single Account arrangement in five commercial banks. The approved banks are Zenith Bank, Access Bank, Guarantee Trust Bank, UBA, and First Bank. The framework covered ...
May, 2019
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11 May
Senegalese citizen, Abdoul-Aziz Dia joins UBA’s Board of Directors
United Bank for Africa (UBA) on Thursday announced that Mr Abdoul-Aziz Dia will join the bank’s Board of Directors subject to the approval of the Central Bank of Nigeria. Mr Dia, a Senegalese citizen, has over 25 years of experience garnered from several countries across the globe, including the United Kingdom, France, Nigeria, Ghana, Togo, Senegal, Kenya and Cote D’Ivoire. ...
April, 2019
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2 April
The rise & rise of Charles Aigbe
Charles Aigbe, Brand and Communications Manager, Fidelity Bank PLC is a consummate communications expert who knows his way around human relations and corporate communications In the ever changing world of corporate communications, Charles Aigbe is a rare breed. Apart from his exemplary discipline, vision, leadership qualities and placidness, Aigbe also has a reputation as a competent professional and good team ...
April, 2018
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17 April
UBA, Access Bank, 2 others scale up to NSE’s premium board
United Bank for Africa (UBA) Plc, Access Bank Plc, Lafarge Africa Plc and Seplat Petroleum Development Company Plc were yesterday scaled up from the main board of the Nigerian Stock Exchange (NSE) to the elite premium board. The migration of the four companies brought the number of companies on the premium board to seven including Dangote Cement, FBN Holdings and ...
March, 2018
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1 March
UBA, Leader in eBanking- Uzoka
Kennedy Uzoka, group managing director, United Bank for Africa (UBA), has said that the bank remains a leader in the e-banking innovation space. Uzoka stated this as the Pan-African financial institution,has again demonstrated its superiority in the Nigerian e-Banking space with the issuance of over three million Near Field Communication (NFC) technology enabled contactless cards to its teeming customers The ...
December, 2017
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18 December
UBA shines, ahead with African Bank of the Year 2017 awards
One of Africa’s leading financial institutions, United Bank for Africa (UBA) Plc has once again proven its leadership on the continent, as the Banker Magazine crowned UBA the “African Bank of the Year 2017”. This Banker Award is premier for Nigeria, as it marks the first time a Nigerian-headquartered bank will be wining the prestigious and highly coveted award. To ...
November, 2017
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10 November
Zenith, UBA, others slide, equities shed N30bn
Out of the five major indices of the Nigerian Stock Exchange, the banking index led losses at the close of trading on Thursday, as Zenith Bank Plc and United Bank Plc shares declined respectively by 1.9 per cent and one per cent. Overall, the banking index shed 0.3 per cent followed by the industrial goods index, which depreciated by 0.5 ...
