How to Use UBA’s New Contactless Cards
We’re excited about the brand new contactless payment cards launched by the United Bank for Africa recently. This is the first time the innovative product is being introduced to Nigerians, with UBA setting the pace for other banks to follow. The card looks like your average cash payment card, its only difference being the Near […]
Union Bank Supports SMEs At The ConnectNigeria Business Fair
Taking the lead in empowering and giving the much needed support to Small, Medium Enterprises (SMEs)and Micro, Small and Medium Enterprises (MSMEs) in Nigeria, Union Bank of Nigeria Plc recently sponsored the ConnectNigeria Annual e-Business Fair tagged: “E-Business and the growth of your enterprise”. The ConnectNigeria Annual e-Business Fair is an annual event organised to […]
UBA Named ‘Best Transaction Bank’ by The Banker
The Banker, a UK based magazine has named United Bank for Africa (UBA) the ‘Best Transaction Bank’. According to the magazine, the judges were impressed by UBA’s clear demonstration of the improvements made to its transaction service business. Jane Cooper, transaction banking editor of ‘The Banker’ magazine explained, “The judges looked at entries that […]
UBA Launches U-Bills
United Bank for Africa Plc (UBA), has introduced U-bills – an online payment and collection platform which would help boost E-commerce in Africa. U-bills is a collection and bill payment platform which allows sellers to get paid online or on mobile devices such as tablets and smartphones. U-bills is a one-stop platform for customers to make payments […]
UBA Group Appoints Tony O. Elumelu as Chairman
The Board of United Bank for Africa Plc (UBA) yesterday announced the appointment of Mr. Tony O. Elumelu, C.O.N. as Chairman, succeeding Ambassador Joe Keshi. Mr Elumelu is Chairman/CEO of Heirs Holdings (http://www.heirsholdings.com), the pan-African proprietary investment company, which he founded in 2010 and which holds stakes in a number of leading African businesses, including […]
UBA Cards Are Now Accepted on PayPal
United Bank for Africa (UBA) has announced that UBA card holders can now use their debit and pre-paid cards to make payments through PayPal. PayPal, one of the world’s largest online payment platforms, allows individuals and businesses to make easy international payments. Over the years, it has been used to pay for […]
UBA Posts N68b Gross Earnings in Q1
United Bank for Africa (UBA) Plc’s un-audited result for the first quarter, 2014 released to the Nigerian Stock Exchange (NSE) showed that the bank’s gross earnings rose from N63 billion in 2013 to N68 billion in Q1, 2014, representing a growth of 8.2 per cent. The bank also grew its loan figures by 16 per […]
UBA Organises Social Media Summit for Journalists
A one-day summit on how journalists can use and maximise social media networking in news reporting will hold in Lagos tomorrow, February 20th. The event tagged ‘Functional Social Networking for Nigerian Journalists’ is organised by Everything Journalism and the United Bank for Africa, and will hold at the amphitheatre, UBA House, Marina, Lagos. “We have […]
US Banking Firm, JP Morgan, Recommends UBA Shares to Investors
According to a report by the United States-based banking giant, JP Morgan, investors in one of Nigeria’s financial institution, United Bank for Africa Plc (UBA), can make a possible return of 45 percent over the next 12 months. The reports which cover business and economy in CEEMEA region (Central and Eastern Europe, Middle East […]
Tony Elumelu made $123 million in 3 Weeks
Nigeria’s business magnate and former UBA CEO, Tony Elumelu, made $123 million in three weeks between November 1 and November 21 2013, as shares of Transcorp Plc surged by 186 percent within that period. According to a report by Forbes Africa, the chairman of Heirs Holdings, who is the largest individual shareholder in Transnational Corporation […]
UBA to Deploy 450 ATMs Across Nigeria
The United Bank for Africa Plc (UBA), has signed an agreement with Computer Warehouse Group Plc (CWG) for the deployment of 450 units of the CINEO series of Wincor Nixdorf brand of Automated Teller Machines (ATMs) in Nigeria. Mr. Eckard Heidloff, chief executive officer of Wincor Nixdorf, visited Nigeria recently, where the plan leading to […]
UBA Introduces Instant Selectable PIN for Debit Cards
United Bank for Africa Plc. (UBA Group), has announced the introduction of ‘In Card PIN management’ that lets Customers of the Bank immediately select their Personal Identification Number – PIN – for their Debit Cards, eliminating the process of handing out PINs in sealed mailers. The development, according to UBA Group, allows customers of the […]
UBA Considering $2Bn Investment in Power Sector
The Chief Executive Officer of United Bank for Africa (UBA), Phillips Oduoza, has said the bank is looking to invest $2 billion in the power sector in Nigeria and across Africa. He revealed that the bank has already invested $700 million in the power sector and is considering increasing it. He made this known in […]
UBA Appoints New Executives, Announces Project Alpha
United Bank for Africa Plc (UBA), has appointed new executives and announced the launch of Project Alpha – which the bank says is the new focus of its strategic transformation. According to the Bank, “Project Alpha is a 3 year route map of key transformation initiatives, designed to consolidate the Group’s strategic positioning and fully […]
MasterCard and UBA Unveil First Ever Personalized Debit Card in Nigeria
MasterCard and United Bank for Africa (UBA) have unveiled the first ever personalized debit card in Nigeria, dubbed the UBA “All About U” Card. The unique MasterCard card can be customized with elements such as images, colors and more. The launch of the product in partnership with UBA is in harmony with MasterCard’s vision to […]
The Tony Elumelu Foundation and The Brenthurst Foundation Partner on Research
Tony O. Elumelu, CON, and Jonathan Oppenheimer, -two of the continent’s foremost philanthropists and business leaders- are collaborating to develop in-depth case studies to show how African companies investing in Africa could propel the continent to greater economic prosperity. Oppenheimer’s South African-based Brenthurst Foundation and The Tony Elumelu Foundation, which is based in Nigeria, believe the […]