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Tag Archives: Business

All Set For Aristocrat Clothing Launch

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Come Sunday December 3rd 2017, thw officially launch of the Aristocrat Clothing Store owned by celebrity journalist turned fashion designer, Kayode Alfred. The opening of the fashion house and unveiling of his  new collections at Vikay House in Ogba-Lagos. The event will feature fashion runways, alongside, music, comedy and other entertainment condiments that will thrill guests, Guests billed to honour ...

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UBA’S DEBUT $500M EUROBOND OVERSUBSCRIBED 240% BY GLOBAL INVESTORS – FURTHER VALIDATION OF UBA’S PAN-AFRICAN GROWTH STRATEGY

Kennedy Uzoka -Official Potrait

United Bank for Africa Plc (UBA) successfully raised USD500 million, though a debut Eurobond, which was 240% over-subscribed. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s pan-African financial services strategy. The Global Offering is a five-year senior unsecured benchmark bond (144A/Reg S) listed on the Irish Stock Exchange and will further support the Group’s strategic vision, ...

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UBA GROUP STARTS STRONG IN 2017, GROWS PROFITS BY 41% IN FIRST QUARTER

UBA House

• Its African subsidiaries wax stronger, contributing 35% of earnings The Pan African financial institution, United Bank for Africa (UBA) has released its unaudited first quarter results, showing significant growth across major income lines. Following a sterling performance in 2016 financial year, UBA Group delivered another impressive 41% percent year-on-year growth in profit-before-tax in the first three months of 2017. ...

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Transcorp Plc. rises to a Top 500 company in Africa

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Transnational Corporation of Nigeria (Transcorp) was on the list of Africa’s top 500 companies recently released by The Africa Report (February 2017 issue), a leading news magazine publication owned by Paris-based media group, Jeune Afrique. The list is compiled annually with each company listed assessed based on total turnover as well as net profits. Despite the recent economic challenges in ...

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UBA Delights Shareholders; Distributes N27.2bn in Dividends

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The shareholders of the pan-African financial institution, the United Bank for Africa (UBA) Plc applauded the Board, Management and Staff at the 55th Annual General Meeting of the Bank, held in Lagos on Friday April, 7, 2017. UBA shareholders approved the payment of N19.9 billion as final dividend for the financial year ended 31st December 2016, in addition to N7.3 ...

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Elumelu lauds FG’s Economic Recovery Plan at UBA’s AGM

The Chairman of the United Bank for Africa Plc, Mr. Tony Elumelu, has strongly commended the Federal Government and the Central Bank of Nigeria (CBN) for their efforts in stimulating the Nigerian economy, and bringing to bear a coordinated policy response that will positively jumpstart the Nigerian economy. According to Mr Elumelu, recent actions by the Federal Government, including greater ...

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UBA Strengthens Brand Afiliation on Nigerian Campuses , Unveils 15 Ambassadors

Deputy Managing Director, United Bank for Africa, Mr. Victor Osadolor (middle) Executive Director, Lagos & West, United Bank for Africa, Mr. Liadi Ayoku (Right), Executive Director/ Regional CEO, Anglophone Africa, United Bank for Africa , Mr. Oliver Alawuba (2nd Right) and Executive Director, Risk Management, United Bank for Africa Mr. Ike Uche (Left), flanked by  UBA Campus Ambassadors at their Inauguration ceremony which took place at the UBA house in Lagos on Friday

The United Bank for Africa (UBA) Plc Friday launched the maiden edition of its Campus Ambassador Programme with the induction of the first 15 brand ambassadors. The UBA Campus Ambassador Programme is an initiative to identify young emerging leaders among students of tertiary institutions and give them a unique and highly rewarding learning experience. The 15 successful candidates were selected ...

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Ecobank Enlists Fleet Operators For Lagos Operations  

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Ecobank Nigeria has enlisted the services of three fleet management companies to handle its transport services on Pay As You Go basis for its Lagos operations. The partnering companies include Uber, AA Rescue, and Car4U.   Under the new arrangement, the Bank has concessioned its pool car services and its erstwhile outsourced drivers numbering about 300 are taking possession of ...

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Tony O. Elumelu Leads High-Level Team to World Economic Forum In Davos

Tony Elumelu

Team Includes Consortium of Heirs Holdings Group Executives Philanthropist and serial entrepreneur Tony O. Elumelu, CON leads a delegation of senior executives from his proprietary investment firm, Heirs Holdings, to the World Economic Forum (WEF), which begins in Davos, Switzerland today. Elumelu will join global business and political leaders during the event, bringing a message of Africa’s continued economic renaissance ...

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