uba

The Digest: United Bank for Africa has exceeded the Central Bank of Nigeria’s N500 billion minimum capital requirement following the completion of its second rights issue tranche. The bank achieved the milestone well before the March 2026 deadline Key Points: UBA’s capital base now exceeds...

The Digest: United Bank for Africa (UBA) has confirmed a fire incident at one of its branches on Broad Street, Lagos Island, clarifying that its corporate head office in Marina was unaffected. In a statement on X, the bank assured customers of staff safety and emphasized that no lives were...

The Digest: A branch of the United Bank for Africa (UBA) on Lagos Island was engulfed in flames on Tuesday afternoon, with videos capturing intense fire and smoke billowing from the building. Emergency services swiftly mobilized to contain the blaze and evacuate occupants, though the cause...

The Digest: Tony Elumelu, the chairman of UBA, has revealed that his successful journey in business began not with money, but with trust. In a post on Twitter, he shared lessons he learned from managing a bank at just 27, a philosophy he calls "Trust First." Key Points: Tony Elumelu says...

In Nigerian banking, words speak softly, but money shouts. Tony Elumelu just made a ₦43.9 billion statement, acquiring over 1.2 billion additional UBA shares in two days. While others hesitate amid regulatory changes, the billionaire chairman is buying more of his own institution. This isn't...