Why Tony Elumelu Is Celebrating

Extraordinary entrepreneur, Tony Elumelu is celebrating.

In providing the reasons, the Chairman of the financial service group providing corporate, commercial, SME and consumer banking services to more than 35 million customers globally – United Bank for Africa (UBA) wrote…

“Congratulations to the Treasury team of UBA Group for emerging the winner of three (3) Gold awards at the 2023 edition of the Prestigious FMDO Group Gold Awards this week:

Best Money Market Liquidity Provider

Best FX Liquidity Provider

FMDQ Dealing Institution of the Year

“This recognition is a testament to UBA’s impressive capital strength and capacity to provide liquidity to the Nigerian financial market even in the face of harsh economic realities, our market knowledge, our dedication to customer service and the trust of our clients.

We are Africa’s global bank, and this is further testament to the success of our mission – our growth this year has been phenomenal! Despite the headwinds, UBA has consistently maintained its position as Nigeria’s leading financial institution.

In June, we announced impressive half-year financial results. In Q3, our Profit Before Tax (PBT) soared to N502.01 billion, with Shareholders’ Funds standing strong at N1.778 trillion, and total assets, reaching N16.24 trillion.

“These outstanding figures not only reflect our institutional strength, but also demonstrate our position as a corporate role model in Nigeria and across Africa.

I extend my heartfelt gratitude to our esteemed shareholders and customers for their unparalleled confidence in our business.

My sincere appreciation goes to our dedicated Board of Directors and the remarkable UBA Group team. Your commitment to our shared vision of becoming Africa’s Global bank is truly valued.

And finally, thank you FMDQ, for this recognition.”

Elumelu made the revelation in a social media post on Monday, November 9, 2023.