• About
  • Advertise
  • Careers
  • Contact Us
Sunday, June 22, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home Economy Finance

UBA Reports N766.5bn Profit after Tax, Declares N3 Dividend Per Share

LATIFAT FASHINA reports that UBA’s 2024 financial statement revealed commendable improvements across KPIs…

by Techeconomy
March 24, 2025
in Finance
0
United Bank for Africa - UBA
United Bank for Africa - UBA

United Bank for Africa - UBA

UBA
Advertisements

The United Bank for Africa (UBA) Plc has reported a profit after-tax of N766.5 billion for the 2024 financial year, a 26.1% surge from N607.6 billion in 2023.

UBA disclosed the profit in the group’s 2024 financial statement, which revealed commendable improvements across key performance indicators:

  • Revenue surged by 53.5% to N3.1 trillion from N2.07 trillion in 2023.
  • Earnings per share increased to N21.73, compared to N17.49 in 2023.
  • Profit before tax grew by 6.1% to N803.7 billion, from N757.6 billion.
  • Total assets expanded by 46.6%, reaching N30.3 trillion, up from N20.6 trillion the previous year.
  • Total liabilities rose by 44.5% to N26.9 trillion, compared to N18.6 trillion in 2023.
  • Net operating income increased by 8.4%, hitting N1.2 trillion from N1.1 trillion in 2023.
  • Retained earnings grew by 54.9% to N1.4 trillion, from N919.8 billion.

UBA’s strong financial standing is also seen in its deposit portfolio, with loans and advances to customers totaling N7.5 trillion, while customer deposits surged by 42% to N24.6 billion.

The bank declared a final dividend of N3.00 per ordinary share of 50 kobo, subject to applicable withholding tax.

This follows the N2.00 interim dividend paid in October 2024, bringing the total dividend payout for the year to N5.00 per share.

Loading

Advertisements
MTN ADS

0Shares
Tags: UBA Profit
Techeconomy

Techeconomy

Next Post
Unlock Profit Potential - Olaleye -

Unlock Profit Potential: Olaleye's "Profit Playbook" Masterclass Returns for 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

WhatsApp AR Filters for Calling

WhatsApp: Introducing Filters, Backgrounds for Video Calls

9 months ago
Zoho in Nigeria

Zoho Records 115% Growth in Nigeria in the Past Year as Zoho One Clocks 5

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.