Tag: UBA

United Bank for Africa (UBA) Plc has announced its upcoming Super Savers Draw, which promises to bring even more excitement and opportunities to its valued customers.

In line with its commitment to rewarding loyalty and promoting a culture of savings, UBA will be giving the opportunity for more of its customers to become millionaires through its Super Savers Draw, billed to hold at the UBA Head Office, Lagos this December.

As usual the draw is open to both new and existing UBA account holders in Nigeria, with various mouth-watering prizes to be won by customers.

In this edition, more than 100 lucky customers will qualify to win any of the following prizes; a grand prize of N10 million Jackpot for one lucky winner; while another winner will go home with the Star Prize of N5million Also, another lucky customer will win N1.8m rent allowance for one year.

Other prices up for grabs include: Shopping allowance of N500k; a Cash Prize of N100,000 each for 35 winners and N10,000 for the top 50 transacting Customers.

10 Current account or  savings accounts holders (CASA) will quality to win N1million each in the draws and 20 customers who open accounts via any of the bank’s digital channels will be rewarded with N10,000 every month (For how many months?). Also, 15 kids with a UBA Kiddies Account will each win N200,000 scholarship reward while 10 Next gen account holders will go home with N180,000.00 cash prize each.

UBA’s Head, Retail Products and Sales, Prince Ayewoh, who spoke ahead of the draws said that the unique Super Savers draw has something big for everyone and is organised by the bank to appreciate its customers who have cultivated a savings culture and stayed loyal to the bank over the years.

He said that it will also offer fresh opportunities to new customers to join the growing number of UBA millionaires and lucky winners who have, in the past, benefitted from various promos held by the bank.

He pointed out that UBA remains passionate about actualising the dreams of its customers as the bank is relentless in helping them grow by making more and more of its customers millionaires.

Read Also: UBA Business Series: SMEs advised to track growth, keep records

He said, “As always, UBA has decided to lift the burdens of customers at a time when the nation is going through a challenging time due to the removal of fuel subsidy and the unification of the exchange rate which seems to have taken a hefty toll on Nigerians and has put in place quite a lot to make it happen.

 ”UBA always walks the talk and never relents in helping its customers succeed. Our customers are special to us, and this is another opportunity to prove just that,” he explained.

Also speaking about this draw, UBA’s Group Head, Marketing & Corporate Communications, Alero Ladipo, noted with excitement that this edition of the upcoming Super Savers draw will transform the lives of an increased number of people who will benefit from UBA’s reward of loyalty especially at this time where the nation’s economy is going through a phase.

She added that no matter how hard the economy is or how expensive things have become, UBA always thinks of how to make life easier for its customers.  “Once again, i encourage people who do not yet have a UBA account to take advantage of this opportunity to open their accounts quickly, so they can fully participate in these draws,” she noted.

Seasoned business owners have advised Small and Medium Scale Enterprises (SMEs) owners and operators on winning tips that will help them run successful online businesses especially in the face of growing competition and challenging business terrain.

Speaking during the United Bank for Africa (UBA) Business Series hybrid event held yesterday at the bank’s Head office in Lagos, the entrepreneurs and E-commerce experts agreed that SMEs should start small and offer value-added services to their customers as these are essential factors to help them grow their businesses into successful empires.

The Chief Executive Officer, Konga.com, Nnamdi Ekeh, the Founder/CEO RenDoll Fashion Brand, Reni Abina, and Media Personality & Entrepreneur, Kaylah Oniwo were panellists at the event who spoke on the topic; E-commerce: the Effects of Online Retail.

 ”There is the need for proper documentation. Data is very important for business growth, as it gives you your conversion rates, and lets you know what to do to improve these rates to boost business patronage,” Ekeh said, as he emphasised that boosting security as regards payment options is also very important.

On her part, Abina advised E-commerce business owners and prospective owners to make use of reputable online influencers to promote their businesses, as she said, “It is important to find influencers in your field that are fitting to your brand and the kind of business you do.”

 ”It is important for business owners to know how their brands are being positioned; remember to track your growth properly as this will help you to know what you are doing right or wrong at every point in time,” Oniwo stated as she pointed out that the need for business owners to take the storytelling element of their business very important.

Together, all the speakers at the event noted that business owners should ensure that their businesses are duly registered, with functional business accounts as this gives a large amount of credibility to the company.

Speaking earlier, the Group Head, Marketing and Corporate Communications, Alero Ladipo, said UBA organises these business series frequently as they go a long way towards equipping customers with the much needed strategies to help build their businesses.

Read Also: UBA hosts Business Series for MSMEs

She said, “This year alone, we have had several conversations around business and health, personal finance and now, we are talking about e-commerce. To us as a bank, it is important that we have these conversations and the topic for this session is E-commerce, and is very important as we wrap up the year, because this is the season for giving and a lot of buying and selling will be going on during this period.

“As a financial institution that cares about its customers, UBA is interested in bringing in great speakers experienced business people and thought leaders to educate its customers and Small business owners as they can then take the points discussed in these series and work with them to improve upon and positively impact their businesses,” she stated.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees’ group wide and serving over 35 million customers globally. Operating in 20 African countries and in the United Kingdom, the United States of America, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services, leading financial inclusion and implementing cutting edge technology.

United Bank for Africa (UBA) Plc, is set to organise yet another edition of its UBA Business Series for Micro, Small and Medium-scale Enterprises (MSMEs) .

The programme is in line with the bank’s commitment to support the growth and sustainability of MSMEs on the continent, Africa’s Global Bank,

 The UBA Business Series is a regular seminar/workshop organised by the bank as one of its capacity-building initiatives, where leading business leaders and professionals share well-researched insights on relevant topics and best practices for running successful businesses, especially in the face of difficult business challenges.

Through this business series, UBA has consistently supported businesses with essential tips to re-examine their models and strategies as well as ensure they stay afloat and remain thriving.

This edition, will look at the topic ‘E-commerce: The effects of online retail and is specifically targeted at Young Entrepreneurs, Key distributors and SMEs. It will be held on Thursday, 7th December 2023, from 12 p.m. at the Tony Elumelu Amphitheatre, UBA House, Marina, Lagos, whilst online participants can also access the session on Zoom.

Founder/CEO RenDoll Fashion Brand; Nnamdi Ekeh – CEO Konga;  Media Personality & Entrepreneur, Kaylah Oniwo and Founder Money Africa, Tosin Olaseinde will be on ground to give helpful tips on wealth management in today’s economy to business leaders. They will also provide guides on the best ways to take businesses to the next level amid a challenging economic terrain.

UBA’s Head, SME Banking, Babatunde Ajayi, who spoke ahead of the workshop, explained that the vast knowledge and experience of the panellists, will in no small measure help business owners with invaluable business tips that will help take boost businesses of entrepreneurs  and most importantly guide them in navigating the harsh economic terrain while ensure business growth in the process.

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“At UBA We are passionate about the growth and success of small businesses because their contribution helps in catalysing economic advancement of any nation  that is why at UBA, we constantly look for ways of ensuring that these business owners and operators are well-equipped to grow their businesses successfully, which is why we picked this particular topic as we believe it is one area that businesses need to valuable information and experience that can take them to the next level effortlessly,” he said.

Recently, UBA announced an initiative aimed at providing robust and comprehensive financing solutions to support and boost the activities of SMEs across the African continent, where SMEs will have the opportunity to access financing in the key sectors of Agro-processing, Pharmaceuticals, Automotive, and Transport and Logistics.

The financing initiative is powered by UBA’s recent partnership with the African Continental Free Trade Area (AfCFTA) secretariat to provide financing for up to $6 billion over the next three years to eligible SMEs across Africa, an agreement which was signed on the sidelines of the 30th Afreximbank Annual Meeting (AAM) which was held in Accra, Ghana earlier in the year.

United Bank for Africa (UBA) Plc has kicked off the beginning of the yuletide season in a grand ceremony marked with fireworks and melodious Christmas carols.

 The ceremony attended by staff, customers and members of the  general public was held at the well decorated UBA Foundation Garden in Marina, Lagos.

 Through its corporate social responsibility arm UBA Foundation, the bank marked the start of a fun-filled festive season that will bring lots of cheer and touch the lives of its customers and the individuals around the communities where it operates.

The bank celebrated the UBA Foundation Garden Light Up Ceremony and Carol evening, where staff and customers alike joined in to spread hope and sing carols to usher in the Christmas and end of the year season.

Group Managing Director, United Bank for Africa (UBA) Plc, Oliver Alawuba, was joined by other management staff to officially light up the Head office and the UBA Foundation Garden, which according to him, signifies how the bank has been bringing light to the lives of the people and communities around it.

He said, “We are here to officially light up the season and as you know, UBA has been the light in the financial sector on the continent and beyond. Going by our performance and we will continue to ensure that we spread light and joy wherever we go. This is very symbolic for us all, and we want to take time to appreciate the staff and customers who have made us achieve great things this year. At UBA, we are all about spreading love and giving hope.”

Read Also: NDIC to recover N400b loans from liquidated banks

The Light-Up ceremony featured Christmas carols renditions by UBA’s Customer Fulfilment Centre Choir, a fun-filled guided tour around the beautiful UBA Foundation Garden and lots to eat and drink for every-one present.

UBA’s Group Head Marketing and Corporate Communications,  Alero Ladipo, while talking on the essence of the annual event, said, “UBA is a bank that values its environment and as an organisation that is corporately responsible, we have taken it upon ourselves to beautify our environment and add colour, especially as the year comes to an end.”

Continuing, she said, “We want to let them know that all lives matter. I hope that as always, we will be able to make many smile and give a glimmer of hope during a special season like this.”

UBA Foundation, the CSR arm of the UBA Group, is committed to the socio-economic betterment of the communities in which the bank operates, focusing on development in the areas of Education, Environment, Economic Empowerment and Special Projects.

United Bank for Africa (UBA) Plc, has said its agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat to provide $6 billion funding support to boost trade across Africa will support growth in the continent.

 The bank restated its commitment towards deepening Intra-Africa trade to attain self-reliance and economic development.

 According to the bank, it is important for Africa to be deliberate about the economic liberation drive of the continent.

 UBA’s Deputy Managing Director, Muyiwa Akinyemi, said this during the Africa Day celebration at the ongoing 37th Lagos International Trade Fair, which was held at the Tafawa Balewa Square. UBA is the headline sponsor of the Trade fair.

 Akinyemi explained that the bank’s dedication to SME’s and trade advancement across Africa is what informed its recent agreement with the Africa Continental Free Trade Area (AfCFTA) Secretariat, to provide financing for up to $6 billion over the next three years to eligible businesses across the continent.

 He said, “We signed the agreement with AfCFTA on the sidelines of the 30th Afreximbank Annual Meeting (AAM) which was held in Accra, Ghana. By this agreement, both parties are to promote the development of SMEs operating in Four sectors under the 1st phase of the partnership which are largely import dependent by providing technical and financing solutions for intra-African/domestic alternatives.

These economic sectors are Agro-processing, Automotive, pharmaceuticals, Transport and Logistics”.

 “One of the key initiatives of the AfCFTA is to improve access to finance and markets for SMEs to encourage their growth and contribution to the socio-economic development of Africa. UBA remains committed to supporting the growth/development of SMEs across Africa. This is in line with our strategic focus on the SME segment being a catalyst to the economic development of Africa,” Akinyemi noted.

Read Also: UBA secures $150m trade finance facility from Afreximbank

 He explained that under the partnership UBA will go beyond just financing to provide non-financial services to these SMEs to develop the capacity for growth across the 20 African countries that we are present and build sustainable business practices. We shall also be leveraging technology to deliver our financing activities to the beneficiaries and this platform provides us with a unique opportunity to stimulate the development of the continent as Africa’s Global Bank.”

 Also speaking during the event, President, Lagos Chamber of Commerce,  Michael Olawale- Cole, appreciated the bank’s consistent participation as partner and headline sponsor of the LITF for the past six years.

 “Partnering with UBA is significant because it is an organization that has its footprint in 20 countries and that is a big feat, as partners we think alike and work together,” he said.

 The president who acknowledged the bank’s unequalled support, rendered to SMEs through its enormous window of opportunities, also commended the recent $6 billion financing partnership it signed with AfCFTA intended to transform Trade and boost SMEs to unprecedented levels across Africa.

United Bank for Africa (UBA) has secured $150 million trade facility from the African Export-Import Bank (Afreximbank).

The facility forms part of Afreximbank’s Ukraine Crisis Adjustment Trade Financing Programme for Africa (AKAFPA).

The signing ceremony for the trade finance was concluded, by both institutions, on the sidelines of the ongoing Intra-African Trade Fair, organised by Afreximbank in Cairo on Saturday.

 The terms of the agreement states that the facility will be utilised to finance trade and trade-related transactions in support of UBA’s Clients.

In addition, the facility will aid increased financing of trade businesses in various sectors of the Nigerian economy thereby mitigating the adverse effects of the Russia-Ukraine crisis. 

Read Also: Afreximbank, UBA, Anambra, others strike $1b deals

Speaking during the signing ceremony,  the Executive Vice-President of Afreximbank, Denys Denya, said  “The funding is driven by an increased demand for trade finance support to UBA’s clients which will enhance confidence in the settlement of international trade transactions for strategic imports. This is pivotal to Afreximbank’s mandate for supporting SMEs particularly those in the manufacturing sector to be able to increase production thereby supporting economic growth and development in Nigeria.

UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, said “This facility will further boost our quest to deepen intra-Africa trade which has been severely constrained by the impact of the war in Ukraine.

“We have long-standing beneficial relationship with Afreximbank, we are delighted of our partnership as we jointly envision better dealings for our customers,” Alawuba said.

UBA is a leading Pan-African financial institution, offering banking services to more than thirty-seven million customers across 1,000 business offices and customer touch points in 20 African countries.

With presence in New York, London and Paris and now the UAE, UBA is connecting people and businesses across Africa through retail, commercial and corporate banking, innovative cross-border payments and remittances, trade finance and ancillary banking services.