United Bank for Africa (UBA) News

Adesola Adeduntan, CEO, First Bank

Nigeria banks trying to stabilize 9mobile ahead of sale, FBN says

Nigerian lenders will try to stabilise the business of 9mobile, the country’s fourth largest telecoms group, until they can find new investors.

First Bank of Nigeria ATMs

How Nigeria's banks are innovating

Nigeria’s relatively significant exposure to the oil and gas sector increased pressures on balance sheets and operations.

Africa's banker of tomorrow

Armed with fintech and fueled by data: Africa's banker of tomorrow

Markets in Shanghai closed up today on news that the Chinese bullet train manufacturer Fujian Corp won the contract to connect Casablanca to Abidjan.

Tony Elumelu, Chairman of Heirs Holdings & UBA

Nigeria has officially entered a recession + Interview with UBA Chairman Tony Elumelu (Video)

Nigeria’s economy has officially entered a recession. The latest growth figures shows the economy shrunk by 2.06% between April and June.

Tony Elumelu, Chairman, UBA Group. Credit: brandessencenigeria.com

Nigeria's UBA plans African expansion, says Chairman Tony Elumelu

United Bank for Africa (UBA) plans to increase its presence in Africa outside Nigeria to 25 countries from 18 now and inject capital into its subsidiaries in Kenya, Tanzania and Uganda, its chairman said on Tuesday.

Kennedy Uzoka, incoming Managing Director of UBA Group

Nigeria's UBA Group appoints Kennedy Uzoka as Managing Director, Victor Osadolor as Deputy MD

Lagos-based UBA Group has appointed Kennedy Uzoka as Group Managing Director, with effect August 1st, 2016 and contingent on the approval of Nigeria’s Central Bank.

Herbert Wigwe, CEO, Access Bank

Mobile telephony enables Nigerian banks to fine tune services

Uzoma Dozie can remember when really effective marketing by banks took a different form.

Ecobank emerged in the mid-1980s, and although not the largest of the pan-African banks in terms of assets, it surpasses them all in geographic reach.

Continental reach: The rise of the pan-African bank

Africa-based banks, once largely domestic, are expanding across the continent and now dominate the banking sector in many countries.

Muhammadu Buhari, President of Nigeria

Nigeria's Buhari appoints Chief of Staff, SGF, Heads of Customs and Immigration

Nigeria’s President Muhammadu Buhari has appointed Alhaji Abba Kyari, who has held posts at United Bank for Africa, Unilever, and Mobil, as his chief of staff.

Oluwatomi Ayodele Somefun, Managing Director, Unity Bank

Ayodele Somefun appointed Managing Director of Nigeria's Unity Bank

Nigeria’s Unity Bank has appointed Mrs. Oluwatomi Ayodele Somefun as the bank’s Managing Director, effective August 11th, 2015.

Supermarket group Choppies wants to have 200 stores by the end of next year

Opportunities multiply as African ventures eye wider horizons

When Choppies opened its first store in Lobatse, a small town in Botswana, its ambition was limited to becoming a retailer of substance in its domestic market.

Lamido Sanusi, Emir of Kano and former Governor of the Central Bank of Nigeria (CBN)

Blackstone and Black Rhino announce appointment of Lamido Sanusi, Emir of Kano and former Central Bank of Nigeria Governor, as Chairman of Black Rhino

Funds managed by Blackstone (NYSE:BX) and Black Rhino today announced that His Highness Emir Muhammad Sanusi II will join Black Rhino’s Board of Directors as Chairman.

Bisi Lamikanra, Partner & Head of Management Consulting, KPMG Nigeria

How the finance sector can drive Africa's economic growth: Bisi Lamikanra, Partner, KPMG Nigeria

The rise of Africa’s financial services sector in recent years has been remarkable.

Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN)

Nigeria's central bank orders banks to disclose bad debtors

Nigeria has ordered banks to publish lists of individuals and companies with non-performing loans to curb a rise in bad debt as the industry stumbles amid low oil prices.

A shopper peruses the grocery aisles at the South Africa–based Shoprite in the three-year-old Ikeja City Mall. Photo credit: nationalgeographic.com

Global X MSCI Nigeria ETF: Speculative multi-year play approaching attractive valuation

The bet is a very long-term (multi-year) play on: (1) Earnings growth; and (2) Increased multiples assigned to equities by market participants as Nigeria’s markets mature.

Air Nigeria plane

Nigeria's AMCON to sell Air Nigeria assets

The Asset Management Corporation of Nigeria (AMCON) has announced that it will sell three Boeing and Embraer planes, along with other assets, belonging to Air Nigeria.

Amaka Onwughalu, Interim Managing Director of Mainstreet Bank

Nigeria's Skye Bank appoints Amaka Onwughalu as Interim Managing Director for Mainstreet Bank

Skye Bank Plc has appointed Amaka Onwughalu as the interim Managing Director for Mainstreet Bank Limited.

Tony Elumelu, Chairman of Heirs Holdings, UBA, and Transcorp

Nigeria's economy resilient to oil prices: Tony Elumelu, Chairman of Heirs Holdings, UBA, and Transcorp (Video)

Tony Elumelu, Chairman of Heirs Holdings, UBA, and Transcorp, has said that the Nigerian economy is more resilient to falling oil prices than is being projected.

Cadbury

The 20 most valuable companies in Nigeria

Discover the 20 most valuable companies in Nigeria.

Tony Elumelu, Chairman of Heirs Holdings, Chairman of Transcorp, and Chairman of UBA Group

Nigeria's four newest billionaires: Tony Elumelu, Cletus Ibeto, Benedict Peters, & Akanimo Udofia

Nigeria has four new billionaires, according to wealth research done by Ventures Africa.

Goodluck Jonathan, President of Nigeria

Nigeria's Power Industry Bailout Heads Off Threat to Lenders

Nigeria has headed off a threat to its banking industry by propping up struggling power companies with an intervention fund, said analysts including Pabina Yinkere of Vetiva Capital Management Ltd.

Central Bank of Nigeria (CBN), Abuja

Nigeria's Too Big to Fail Bank Rules Spur Bond Sale Rush

Nigerian lenders are gearing up to sell the most debt in four years to bolster cash reserves, taking advantage of a drop in borrowing costs before the central bank increases how much capital they need to hold.

Tony Elumelu, Chairman of Heirs Holdings, Transcorp and UBA

Tony Elumelu: The Africapitalist who wants to power Africa

You’ve probably heard by now about the Afropolitans and the Afropreneurs — but what about the Africapitalists?

Tony Elumelu, Chairman of Heirs Holdings, Transcorp and UBA

Game Changers Africa: A profile of Tony Elumelu, Chairman of Heirs Holdings, UBA and Transcorp (Video)

Former Nigerian banker turned philanthropist & entrepreneur, Tony Elumelu, is profiled.

Tony Elumelu, Chairman of Heirs Holdings, Transcorp & UBA Group

UBA Group Appoints Tony Elumelu as Chairman

The Board of United Bank for Africa Plc UBA today announced the appointment of Mr. Tony O. Elumelu, C.O.N. as Chairman, succeeding Ambassador Joe Keshi.

Transcorp

Transcorp announces appointment of Emmanuel Nnorom as new CEO

The Board of Directors of Transnational Corporation of Nigeria Plc on Tuesday announced the appointment of Mr. Emmanuel Nnorom as the President/Chief Executive Officer of the company.

Africa has the world's fastest growth in high net worth individuals (HNWIs)

Africa is the fastest growth region for private banking globally: New World Wealth

The private banking unit of South Africa-based Investec holds Africa’s largest portfolio of assets under management with USD 23.7 billion, reflecting increased demand for services from the affluent segment of the continent’s population.