United Bank for Africa reported net profit of NGN 189.84 billion for the first quarter of 2025, a 33.2% increase on the same period a year earlier. Profit before tax rose 30.6% year-on-year to NGN 204.26 billion. The group operates in 20 African countries.
The Q1 2025 results were released on 24 April 2025.
NETWORK
UBA's markets outside Nigeria include Ghana, Côte d'Ivoire, Cameroon, Kenya and Uganda.
RECAPITALISATION DEADLINE
Like other Nigerian banks, UBA is subject to the Central Bank of Nigeria's recapitalisation directive, which requires commercial banks to meet revised minimum capital thresholds by 31 March 2026.
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