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    Business UBA Denies Being Barred From Forex Transactions by CBN

    The United Bank of Africa, UBA, has denied media reports that it has been barred from all forex transactions by the Central Bank of Nigeria, CBN. The Head of Corporate Communications at UBA, Mr. Charles Aigbe, said the bank was not among the banks sanctioned by the CBN. “Our attention has...
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    Business UBA Releases Statement Over Alleged Involvement In Turkey Coup

    United Bank of Africa, UBA, has reacted to report of their involvement in the funding of the failed coup plot in Turkey. A Turkey-based newspaper, Yenisafak, had reported that some of those arrested in connection with the July 15, 2016 failed coup plot had told their interrogators that UBA Plc...
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    Politics Turkey Coup: How $2bn Was Sent From Nigeria's UBA To Coup Plotters

    A former U.S. commander of the International Security Assistance Force (ISAF), a NATO-led security mission in Afghanistan, was the organizer of the July 15 military coup attempt in Turkey, sources said. According to yenisafak, General John F. Campbell managed more than $2 billion money...
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    Business Fitch Downgrades Credit Ratings of First Bank, UBA

    Fitch Ratings has downgraded First Bank of Nigeria Ltd's (FBN) and United Bank for Africa's (UBA) the Long-Term Foreign Currency Issuer Default Ratings (IDRs) to 'B' from 'B+'. The Outlooks are Stable. The agency has also downgraded the National Long-Term Rating of FBN Holdings Plc (FBNH), the...
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    Business UBA Awoof Promo: 10 Customers Win Free Trip To Kenya

    Not less than ten winners have emerged from the United Bank for Africa Plc’s Remittance Awoof Promo. The lucky customers will enjoy a three-day all-expense-paid trip to Kenya courtesy of the bank. The draw, which was witnessed by officials of the Consumer Protection Council, took place at the...
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    Business UBA Records High Profit in First Quarter of 2016

    The United Bank for Africa (UBA) has reported that its after-tax profit rose marginally in the first quarter of this year, according to a statement released on Tuesday. UBA said its after-tax profit rose 0.18 percent to N16.98 billion in Q1 2016 compared with N16.96 billion in Q1 2015. The...
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    Business House of Reps Set to Probe UBA Over Alleged N88m Fraud

    The House of Representatives committee on public petitions would soon commence a probe into an alleged fraud of N88 million involving the United Bank for Africa (UBA). This followed a petition on the matter forwarded to the House by one Mr Eddy Onyenweuzo through Rep Obinna Chidoka (PDP...
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    Metro Wema Bank Staff Arrested For Using Fake WAEC & LASU Result To Secure Employment

    The Lagos Police Command has arrested a 26-year-old banker, Daniel Makanjuola, for using a cloned West African Senior School Certificate and Lagos State University’s statement of result to secure employment at the Wema Bank Plc, Marina branch, on the Lagos Island. The police said Makanjuola...
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