UBA’s financial outlook is stable, says Fitch Ratings

UBA leads consortium to stake $1.5bn on NNPC, NPDC’s project

Fitch Ratings has affirmed United Bank for Africa (UBA) Plc’s ratings, including the Long-Term Issuer Default Rating (IDR) at ‘B’, and removed them from Rating Watch Negative (RWN). According to the London-based agency in a report released on Monday, the outlook is stable for the pan-African financial institution. The removal of the RWN on UBA’s Long-Term IDRs, Viability Rating (VR) and National Ratings reflects Fitch’s view of receding near-term risks to the bank’s credit fundamentals from the economic fallout arising from the oil price crash and coronavirus pandemic. “In our…

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UBA rewards 100 more customers with N100,000 each in fresh Bumper Draw

UBA leads consortium to stake $1.5bn on NNPC, NPDC’s project

Pan African Financial institution, United Bank for Africa (UBA) Plc has rewarded another set of 100 loyal customers with a total of N10m in the UBA Bumper account draw. The 100 customers won N100,000 each in this month’s edition of the draw which began in January 2020. The virtual and transparent draw which was held at the UBA Head Office in Lagos on Wednesday, was transmitted live via the Facebook platform in strict compliance with social distancing rules as directed by the Federal and Lagos State Government. Just like the previous draw held…

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