Tag Archives: UBA

UBA, Facebook Launches Leo, Chat Banking Platform

By Nse Anthony-Uko (Sundiata Finance) – United Bank of Africa (UBA), has launched an artificial intelligence (AI) banking which rides on social networks by offering seamless transactions for its customers through a collaboration with Facebook. The new banking platform called ‘LEO’ launched on Thursday in Lagos is designed to understand customers’ needs, patterns, lifestyle and also relates with customers in ...

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Zenith Bank, UBA, Others Eurobond Offers Ease Forex Maturity Gaps – Fitch

By Nse Anthony-Uko (Sundiata Finance) – Fitch Ratings, a London based credit rating agency said, Zenith Bank Plc, United Bank for Africa Plc (UBA), Access Bank Plc and Fidelity Bank Plc Eurobond offers marks a small steps toward reducing maturity mismatches between foreign-currency (FC) assets and liabilities. Analysts at Fitch said, the four banks Eurobond offer is a credit positive ...

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Students To Win Big As UBA Kicks Off 4th Annual Essay Competition

(Sundiata Finance) – UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has announced the call for entries for the 2017 edition of its annual UBA Foundation National Essay Competition in Nigeria. The essay competition which is put together for senior secondary school students is organized as part of UBA Foundation’s Education initiative to ...

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Equities Market Gains 0.15%, As UBA Cancels 2.08bn Shares

By Nse Anthony-Uko (Sundiata Finance) – The Nigerian equities market, on Wednesday gained 0.15 per cent reversing previous day’s loss. In summary, the All Share Index (ASI) gained 52..48 absolute points, representing a growth of 0.15 per cent to close at 35,358.57 points. Meanwhile, the market capitalisation remained unchanged as it closed at N12.171 trillion, same as the previous day. ...

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Stock Market Gains N163bn As 31 Stocks Appreciate

By Nse Anthony-Uko (Sundiata Finance) – The Nigerian stock market rose by N163 billion, on Tuesday as 31 stocks appreciated. In summary, the All Share Index (ASI) gained 474.18 absolute points, representing a gain of 1.26 per cent to close at 37,999.56 points, improving the Year-to-Date returns to 41.4 per cent. Similarly, the market capitalisation gained N163 billion,  to close ...

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Equities Market Sheds 2.77% On Profit Taking

By Nse Anthony-Uko (Sundiata Finance) – The Nigerian equities market, on Monday shed 2.77 per cent to begin the week as investors took profits in stocks that appreciated in prior sessions In summary, the All Share Index (ASI) shed 1,020.71 absolute points, representing a loss of 2.77 per cent to close at 35844.00 points. Similarly, the market capitalisation shed N352 ...

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UBA Cancels Staff Share Investment Trust Scheme

LAGOS, (Sundiata Finance) — United Bank for Africa Plc (UBA) has announced the crossing of 2.08 billion units of its ordinary shares from the Staff Share Investment Trust Scheme (SSIT) to the bank. The shares were created as a share-based compensation scheme and represent 5.73 per cent of the total shares outstanding of the Group. The bank in a notice ...

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UBA Emerges Marketing Edge’s Financial Brand Of The Decade

By Nse Anthony-Uko ABUJA, (Sundiata Finance) — Pan African banking and financial services group, United Bank for Africa (UBA) Plc has emerged the Financial Brand of the Decade at the Marketing Edge Awards in recognition of its innovative and pace-setting role in the financial industry. The award was also in recognition of the contributions of the brand to the growth, ...

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Investors Gain N694bn On 4 Banks’ Stocks

By Nse Anthony-Uko (Sundiata Finance) – Share prices of four banks, First Bank of Nigeria Holdings Plc, United Bank for Africa Plc (UBA), Zenith Bank Plc and Stanbic IBTC Holdings Plc appreciated by N694.3 billion in 24 weeks over investors’ bargain trading. The above banks may emerge as best performing banking sector shares for the first half of year 2017 ...

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UBA’s $500m Debut Eurobond Get 240% Oversubscribed

By Nse Anthony-Uko ABUJA, (Sundiata Finance) – The United Bank for Africa Plc (UBA) has successfully raised USD500 million, though a debut Eurobond, which was 240 per cent 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 ...

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