African markets

UBA consolidates its expansion beyond African markets

United Bank for Africa (UBA) Plc Group Managing Director/Managing Director Oliver Alawuba said the bank is well placed to lead the African banking market and increase capital inflows into Nigeria.

Mr. Alawuba said as much during the visit of the new executives of the bank to the headquarters of the Nigerian Exchange Limited in Lagos.

He explained that the bank’s constant investment in strengthening its digital channels has placed it in the right position to meet the growing demand of its customers across Africa and beyond.

He explained that the bank’s foray into the larger African market continues to pay off heavily for the organization, as business in the African market accounts for more than 50% of banks’ profitability, with room for more. opportunities.

“As things stand, UBA can lead in Nigeria and Africa, and we, the new management, are here to ensure that UBA takes the leadership position in all the countries where we operate,” a- he declared.

The CEO of the bank also informed the Exchange of the bank’s desire to partner with NGX to achieve its goals of unifying Africa, adding that other African countries are looking to Nigeria to play a role. important role in the development journey of the continent.

“As a bank, there’s a lot we can do with NGX to make sure millennials and GenZ can seize the opportunities we have,” he said.

While welcoming the newly appointed executives to the Exchange, Managing Director of Nigerian Exchange Limited, Temi Popoola, congratulated UBA’s Board of Directors, led by its Chairman, Tony Elumelu.

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