Heavy transactions in the shares of United Bank for Africa (UBA), Guaranty Trust Holding Company Plc (GTCO) and Access Holdings Plc lifted the volume of shares traded last week, as a turnover of 917.2 million shares worth N14.8 billion was…
Q3’21: UBA’s gross earnings hit N490.3bn, reports 37% profit growth
United Bank for Africa, UBA Plc has recorded N490.3 billion gross earnings for the third quarter ended September 30, 2021 (Q3’21), representing eight percent increase over N454.4 billion posted in the corresponding period in 2020. Highlights of the bank’s financial…
Half-Year Report: Nigeria’s top five banks post small profit rise as key income dwindles
In the first half of 2021, Nigerian lenders were confronted with the gruelling task of finding their way to recovery. A year earlier, the emphasis had been on escaping the ravages of the pandemic outbreak and then survival. The five…
Shell signs $200m with UBA to help local contractors access project finance
Royal Dutch Shell Plc’s Nigerian unit agreed a $200 million deal with United Bank for Africa Plc to help its local vendors and suppliers access project finance. According to Bloomberg, the latest deal brought Shell’s Nigerian contractor support fund to $2.4…