UBA Grows Profit To N766.6bn, Declares N3 Final Dividend

Tony Elumelu, UBA executives spend $19 million on travel in 2024

Key PointsTony Elumelu and senior staff spent $19 million on business travels in 2024, more than doubling 2023’s $9.3 million.UBA’s expenses surged to $682 million in 2024, driven by rising staff costs and depreciation, despite double-digit profit growth.The bank’s total assets grew from $13.4 billion to $20 billion in 2024, while shareholders' equity climbed to $2.23 billion.Nigerian businessman Tony Elumelu, along with other executive director…

United Bank for Africa (UBA) recorded a record profit after tax of 766.5 billion nairas (598 million USD) for the year ended December 31, 2024. This result marks a significant increase of 26.14 % compared to 2023, where the profit amounted to 607 billion nairas (474 million USD). According to the bank,...

UBA lost ₦1.14 billion to fraud in 2024 amid record profits

United Bank for Africa (UBA) lost ₦1.14 billion to fraud in 2024, even as the Nigerian lender reported a profit after tax of ₦766.6 billion.

UBA Records N766.6bn Profit, Pays N3 Final Dividend - NEWS AGENCY OF NIGERIA

UBA records N766.6bn profit, pays N3 final dividend 2 total views today          By Taiye Olayemi     United Bank for Africa (UBA) Plc has recorded N766.6 billion as profit after tax for the year ended Dec. 31, 2024.   This represents 26.14 per cent increase when compared to N607.7 billion posted same period of 2023.   This was made […] The post UBA records N766.6bn profit, pays N3 final dividend first appeared on NEWS AGENCY OF NIGERIA. NEWS AG…

UBA declares N766.6bn profit, pays N3 final dividend

UBA declares N766.6bn profit, pays N3 final dividend -Mr Oliver Alawuba, Group Managing Director and Chief Executive Officer (CEO) of UBA, attributed the success to the bank’s strategic focus on earnings growth, asset quality, and market expansion.

UBA  Declares N766.6b Profit, N3 Final Dividend For 2024 — City Business News

Advertisements For the year ended December 31, 2024, United Bank for Africa (UBA) Plc has declared N766.6billion Profit After Tax,  up from N607.7billion  recorded at the end of 2023, an increase of of 26.14 per cent.   The 2024 financials, filed with the Nigerian Exchange Limited (NGX) on Monday, showed that gross earnings also grew significantly from N2.08trillion  recorded at the end of the 2023 financial year to N3.19trillion in the period u…