BUSINESS LEAD STORY 1

Breaking: Tony Elumelu Retires as UBA Chairman

Daily Dispatch July 6, 2026

Tony Elumelu will retire as Group Chairman of United Bank for Africa on August 21, 2026, after completing the 12-year maximum tenure for non-executive directors prescribed by the Central Bank of Nigeria. Elumelu, a billionaire investor and philanthropist, is stepping down in compliance with the

BUSINESS

UBA, Redtech, MoMo PSB Launch Interoperability Deal to Expand Cardless Payments in Nigeria

Daily Dispatch May 5, 2026

United Bank for Africa, Redtech, and MoMo PSB have unveiled a new payment interoperability partnership aimed at expanding seamless, cardless transactions for consumers and merchants across Nigeria. The collaboration integrates Redtech’s payment infrastructure with UBA’s extensive merchant network and MoMo PSB’s mobile wallet ecosystem, enabling customers to make payments

NEWS

UBA employs 700 graduates to tackle unemployment in Africa

Daily Dispatch April 10, 2026

United Bank for Africa (UBA) Plc has reinforced its commitment towards tackling youth unemployment across the continent with the employment of over 700 young professionals under its Graduate Management Acceleration Programme (GMAP). The graduation ceremony, which was held held at the Landmark Events Centre in Lagos on Thursday, April 9, 2026, was graced by esteemed […]

BUSINESS

UBA, British International Investment Move to Boost Trade Finance Across Africa

Daily Dispatch March 20, 2026

United Bank for Africa and British International Investment have taken steps toward a strategic partnership designed to strengthen trade finance across the African continent. The two institutions signed a letter of intent in London on March 16, 2026, outlining plans for UBA’s UK arm to work closely with BII in expanding access to trade and […]

BUSINESS

Tony Elumelu calls his Foundation his most valuable investment

Daily Dispatch January 6, 2026

Billionaire investor and philanthropist Tony Elumelu has said that the Tony Elumelu Foundation (TEF) represents the most rewarding investment he has ever made, even surpassing the numerous businesses he has built under Heirs Holdings. Elumelu made the remark during a light-hearted rapid-fire session on Instagram with his daughter, Oge Elumelu, as captured in a short […]

BUSINESS

UBA, Lagos State seal $100m deal to finance vehicles for LagRide drivers

Daily Dispatch December 17, 2025

United Bank for Africa (UBA) has entered into a $100 million partnership with the Lagos State Government and LagRide to finance vehicles for about 3,500 ride-hailing drivers operating on the LagRide platformt The partnership, formalised through a memorandum of understanding (MoU) signed on Tuesday, is designed to support drivers in transitioning from vehicle rental