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The United Bank for Africa (UBA) has announced a profit of N189.84 billion for the first quarter of 2025.
This represents a 33.15 per cent increase compared to the N142.58 billion recorded during the same period in 2024.
UBA disclosed this in a corporate disclosure filed with the Nigerian Exchange Limited (NGX) on Wednesday, April 23, 2025.
Stock market records N342bn gain
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UBA stated that its profit before tax also rose significantly by 30.65 per cent, from N156.34 billion in 2024 to N204.27 billion in 2025.
Interest income increased by 36.09 per cent year-on-year, reaching N599.83 billion, up from N440.76 billion recorded in 2024.
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