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United Bank for Africa

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Situations

[ACTIVE] [BUSINESS] [NG] [GH]

Nigeria market volatility: business confidence and NGX swing

38 clusters · 80 sources · last updated

Latest: Nigerian equities market value drops by N3.52 trillion

Following the bearish downturn in early October, the Nigerian Exchange (NGX) showed brief signs of recovery around October 9, with the All-Share Index (ASI) gaining 0.13 percent to close at 248,363.55 points. However, th

[QUIET] [BUSINESS] [NG] [KE]

Zenith Bank financial performance and expansion

4 clusters · 12 sources · last updated

Latest: Zenith Bank reports N928.8 billion pre-tax profit for nine months

Zenith Bank Plc reported a 1.91% increase in pre-tax profit for the first half of 2026, reaching N637.6 billion. This growth was attributed to a significant reduction in impairment charges, which fell to N141.1 billion f

[QUIET] [BUSINESS] [BF] [CD] [ET]

Gold mining production and investment in West Africa

8 clusters · 71 sources · last updated

Latest: African nations expand local gold refining capacity

Burkina Faso’s gold sector has experienced significant economic growth, with 2025 exports valued at approximately $10 billion, accounting for over 91% of the nation’s total export value. This surge has drawn interest fro

[QUIET] [BUSINESS] [NG] [KG] [MV]

Nigeria economic and banking sector outlook

3 clusters · 23 sources · last updated

Latest: Fitch upgrades outlook for 11 Nigerian financial institutions

Fitch Ratings has revised Nigeria’s long-term issuer default rating outlook from stable to positive, affirming its rating at ‘B’. This shift is driven by ongoing economic reforms, including monetary and exchange rate adj

[QUIET] [BUSINESS] [NG] [CH]

United Bank for Africa legal disputes

2 clusters · 11 sources · last updated

Latest: United Bank for Africa secures court order in N242m Vitol dispute

United Bank for Africa (UBA) is involved in multiple high-value legal proceedings in Nigeria. In one matter, a Federal High Court in Lagos upheld the appointment of a receiver in a N156 billion debt recovery suit against

[QUIET] [BUSINESS] [MZ]

Banking sector awards in Mozambique

2 clusters · 4 sources · last updated

Latest: Absa Bank Mozambique wins dual banking awards

In October 2026, several financial institutions in Mozambique received industry recognition for their service quality. United Bank for Africa (UBA) Mozambique was awarded the Diamond Arrow at the PMR Africa Awards 2026

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