UBA Group and BII sign letter of intent to explore trade finance collaboration across Africa
UBA UK and British International Investment signed an LOI to explore trade finance deals that expand working capital for African firms.
UBA Group
Tony Elumelu, UBA executives spend $19 million on travel in 2024
This expense was part of the $445 million classified under “other operating expenses” in 2024, an increase from $242.7 million the previous year.
Nigerian tycoon Tony Elumelu to reinvest $4-million dividend in UBA rights issue
“I’m advising shareholders, as you get your dividends, reinvest a significant part of it,” Tony Elumelu said.
Nigerian businessman Tony Elumelu’s UBA distributes $53.4-million dividend to shareholders
During the AGM, the board presented UBA Group’s outstanding financial performance for 2023, which saw the bank become Nigeria’s second-largest lender by assets.