UBA Scales Profits
That is a lot of profit there: "United Bank for Africa (UBA) has announced its audited financial results for the full year ended December 31, 2024, reporting a post-tax profit of N766.5 billion, representing a 26.14% increase from the N607.6 billion posted in 2023." Check, that is more than most state budgets knowing that most of those budgets are modelled on loans.
Congratulations Team UBA and Chairman Elumelu for making a huge rainfall. Hopefully by Q4 of 2025, Tekedia Capital members will be playing big in the Nigerian capital market. Something big is coming and we want to record this alpha moment. We're building and coming big because at the right positioning, Nigeria delivers.
We're inviting ourselves to the financial market party in Nigeria -
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