Tony O. Elumelu Founder of The Tony Elumelu Foundation and Chairman of Heirs Holdings has announced the launch of The Elumelu Nigeria Empowerment Fund. The Fund was launched by President Goodluck Ebele Jonathan of Nigeria, with the purpose of revitalizing the economies of post conflict and disaster communities across Nigeria. The Elumelu Nigeria Empowerment Fund was created out of the N2.5 billion donated by The Tony Elumelu Foundation and Heirs Holdings companies. This donation was announced at the Presidential Fundraising Dinner for the Victims Support Fund in July 2014. Given to support distressed communities across Nigeria, N1 billion was immediately disbursed to the Victims Support Fund, while the remaining N1.5 billion now serves as the initial seeding for The Elumelu Nigeria Empowerment Fund. The Fund will focus on communities like those in the Niger Delta and Jos. Rehabilitating distressed communities will require interventions not just from the government, but also from the private sector. Therefore, I am pleased to see that Tony Elumelu, one of our private sector leaders, stepped up in a big way - by making a major contribution to the Victim Support Fund and that his effort did not end there as he has now created The Elumelu Nigeria Empowerment Fund said Nigerian President Goodluck Ebele Jonathan.
Former military head of state, General Yakubu Gowon, Group Managing Director and CEO of United Bank for Africa (UBA) Plc, Phillips Oduoza, Minister of Agriculture, Dr. Akinwunmi Adesina were among many other credible and distinguished Nigerians honoured yesterday at the annual LEADERSHIP Annual Conference and Awards held at the ThisDay Dome, Abuja. The awards had in attendance top dignitaries from all walks of life including politicians, businessmen and members of the public. General Yakubu Gowon, who will be 80 years on Sunday, October 19, 2014 received award as the LEADERSHIP Person of the Year in 2013 for being the voice moderation in an increasingly fractured political environment. Phillips Oduoza, the GMD/CEO of United Bank for Africa Plc received an award as Leadership Banker of the Year.
Nigeria's money transfer business landscape entered a new phase yesterday as Africas global bank, the United Bank for Africa (UBA) Plc and global Money Transfer giant, MoneyGram launched outbound money transfers in Nigeria. The newly launched MoneyGram outbound money transfer service allows Nigerians to send money abroad through any UBA branch in Nigeria or Africa ...
E-commerce in Africa is set to receive a boost as United Bank for Africa (UBA) Plc has introduced an online payments and collections platform tagged U-bills. The online payment platform has been enabled in all the 19 countries where UBA has operations.
U-bills, is a collection and bill payments platform that allows sellers to collect payments online or on their mobile devices like tablets and smart phones.
It also provides a one-stop platform for customers to make payments for goods and services on their mobile phones, tablets or personal computers as long as they have an internet connection on the devices.
The uniqueness of the U-Bills platform is that it is a single payment gateway where all forms of payments to different merchants can be made. It is not a single-merchant platform. All merchants can register on U-Bills to receive payments for goods and services. Also, anyone can go online and register to make payments for goods and services bought explained Yinka Adedeji, Divisional Head, e-banking. With U-bills, customers have the flexibility to make online payments anytime of the day or night or week to sellers for goods bought or services rendered. "This means, it no longer matters where you are in the world. So far you are African and are from any of the Countries where UBA is, you can now pay your bills, top up phones of your loved ones and still pay for services without moving an inch."
Customers registered on U-Bills can recharge their mobile phones, pay their cable TV bills quickly and easily and pay their utility bills in any of the 19 countries in Africa where UBA has operations. Already, some top merchants that have registered on U-Bills to receive payments include leading telecom operators like; MTN (top-up and post-paid), Etisalat, Glo, and Airtel. Customers of these telecom operators registered on U-Bills, can buy air-time or top-up on the U-Bills platform.
The Board of United Bank for Africa Plc (UBA) today announced the appointment of Mr. Tony O. Elumelu, C.O.N. as Chairman, succeeding Ambassador Joe Keshi. Mr. Elumelu is Chairman/CEO of Heirs Holdings, the pan-African proprietary investment company, founded by Mr. Elumelu in 2010, which holds stakes in a number of leading African businesses, including Transcorp, Nigerias largest listed conglomerate by market capitalization, as well as UBA. Elumelu retired as Group Managing Director and CEO of UBA in 2010, following the introduction by the Central Bank of Nigeria of 10-year tenure limits for bank CEOs. He had served as CEO of the UBA Group for 13 years, where he was responsible for the creation of today's UBA, a financial services institution that built a reputation for innovation and the democratisation of banking services and now spans Africa, providing services to more than 10 million customers, across the continent and in London, Paris and New York. Widely regarded as one of the most influential business leaders in Africa, Elumelu has developed a reputation for identifying value and bringing a long term investment orientation and discipline to sectors critical to Africa's development, including financial services, power, oil and gas, agribusiness, real estate and hospitality.
The Group Managing Director/CEO, UBA Plc Mr. Phillips Oduoza has called on financial institutions in Africa to seize the opportunity provided by the President Obama led US-Africa Business Leaders Summit and the enthusiasm about Africa, to grow capacity. According to him, much of the challenges of financing growth and development on the continent lie in the hands of financial institutions, working in collaboration with international development finance institutions, investors, and private equity firms particularly from the US. Speaking in Washington DC, the UBA boss said the three-day summit will impact positively on helping to change the information asymmetries about Africa in the US and the rest of the world. Beyond the negative press about the continent in the western media, he said there are a lot of positive developments in Africa, with stable democracies in most countries, improved business climates and abundant investment opportunities in agriculture, power, transportation, telecommunications, energy
United Bank of Africa (UBA) Plc is set to build a new generation of loyal customers with its new suit of products tailored to meet the unique needs of teenagers and young adults. The product Next-Gen account, which was launched at Intercontinental Hotel on Monday, is basically a suit of personal current accounts designed to offer special privileges and opportunities to account holders.
The Lion King Magazine - An In-House Publication of the United Bank of Africa
Africa is rising and as a pan-African bank, we strongly believe in the future of Africa. The continents prospects are very bright, driven by strong economic reforms combined with a growing and young population. Our lead story explores Africas consumer market and the huge opportunities it holds for consumer banking in future. It shows, as a panAfrican financial institution, how we are not only facilitating the emergence of the African continent, but are also positioning to be part of that future.
UBA Foundation, the corporate social responsibility arm of United Bank for Africa (UBA) Plc, weekend intensified its awareness campaign against Prostate Cancer through an initiative tagged Cycling for Prostate Cancer.
2013 National Essay Competition - UBA Foundation Calls for Entries from Senior Secondary School Students In Nigeria
Students in secondary schools across the country have been invited to submit entries in the 2013 UBA Foundation National Essay Competition. The essay competition for secondary students is organized by UBA Foundation; the corporate social responsibility arm of UBA to encourage healthy and intellectual competition among secondary school students in Nigeria. More»
Kenyan president Uhuru Kenyatta has unveiled plans to make Nairobi an international financial centre and is calling on UBA to play a pivotal role in seeing to the actualization of this plan. Kenyatta said the bank, as an African financial services institution, is in pole position to bring its financial know-how to make this happen. More»
Shareholders of United Bank for Africa have commended the board and management for the Bank's sterling performance. More»
United Bank for Africa Plc, one of the largest financial institutions in Africa, with presence in 18 African countries and three global financial centers has continued with its impressive results for the financial year. More»
United Bank for Africa (UBA) Plc is making summer travel as hassle-free as possible for its Customers with its rich bouquet of Card products by ensuring that Customers who go on summer trips. More»
Nigeria's leading and most innovative e-Channels provider, the United Bank for Africa (UBA) Plc, has introduced a reloadable prepaid card offering customers financial control, convenience and security. More»
Under the new arrangement, the divested non-commercial banking businesses (except Africa Prudential Registrars and Afriland Properties that will be held directly by shareholders) will be consolidated within UBA Capital Plc. More»
The Banker Magazine's "Bank of the Year" award is selected based on the overall performance of the financial institution and the opinion of leading global financial analysts. More»
GCR assigned UBA a long term national rating of AA- and a long term international rating of B+, both with stable outlook. In a related development, Fitch affirmed UBA's long term foreign currency rating at B+ and its long term national rating at A+. More»
The Nigeria50 Awards event and summit scheduled for early 2013 will be hosted by The Tony Elumelu Foundation and AllWorld, with Professor Michael Porter participating in the Nigeria summit as the keynote speaker. More»
As an institution committed to creating best-in-class work environment for employees, United Bank for Africa (UBA) Plc at the weekend held the third edition of the Most Valuable Performer (MVP) recognition award ceremony designed to motivate and encourage individual staff performances toward the attainment of the bank's corporate goals and business targets.
Group Managing Director/CEO, United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza, presenting the Most Valuable Performer (MVP) Award to Lawal Kolawole, a third time winner, while Executive Director, Human Resources and Customer Service, UBA Plc, Obi Ibekwe watches, during the special recognition awards ceremony for UBA MVPs at the Banks Head Office in Lagos.
UBA Foundation Reaffirms Commitment to Development of Nigerias Health Sector- Donates Incubators to UNTH, AKTH
UBA Foundation, the corporate social platform of United Bank for Africa (UBA) Plc has reaffirmed its commitment to the development of Nigerias health sector especially in the area of improving and contributing to the reduction of infant mortality rate in the country. More»
United Bank for Africa (UBA) Plc has taken a major step to secure all electronic banking transactions in the bank and protect its customers against cyber crimes and other forms of e-banking threats. More»
The capacity for businesses in the agricultural sector in Nigeria to engineer economic growth and sustainable development, generate employment and reduce poverty is the major reason for the UBA Groups significant increase in lending to the sector. More»
In March, United Bank for Africa Plc subsidiaries UBA Cameroon and UBA Senegal were named Best Banks in their respective countries by Global Finance magazine in New York - the worlds leading corporate finance magazine. More »
United Bank for Africa (UBA) Plc has been selected as one of the few securities from 19 African Stock Exchanges included in the FTSE African Securities Exchanges Association (ASEA) Pan African Index. More»
A presentation delivered by Phillips Oduoza GMD/CEO, United Bank for Africa PLC at the Nigeria Economic and Financial Markets Conference, London. More»
As the Corporate Social Responsibility arm of the UBA Group, UBA Foundation is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Environment, Education, Economic Empowerment and Special Projects. More on UBA Social Responsibility»
Notices and Announcements
- Tony Elumelu Entrepreneurs to Receive Tech Support from Microsoft - The Global Tech Giant and Pan-African Foundation Partner to Upskill TEF Entrepreneurs Across Africa
- Elumelu at Chatham House: "The Pervasive Negative Narrative Around Africa is Our Continent's Greatest Challenge"
- Tchad Remains a Good Investment Destination of Choice for the United Bank for Africa
- Sultan of Sokoto Commends the Tony Elumelu Foundation…Says We Need More Tony Elumelus to Take Our Children Off the Streets
- Africa Prudential Awarded Best Registrar in West Africa; Unveils New Corporate Identity
- UBA Foundation Takes its Read Africa Initiative East
- Labour and Employment Minister Applauds Tony Elumelu's Commitment to Job Creation and Poverty Alleviation