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United Bank for Africa has continued to receive accolades and global recognition for its  commitment to the use of cutting-edge technology to provide simple and convenient banking solutions and services to its customers.

The pan African banking Group was adjudged winner in two categories at the recently concluded Finacle Client Innovation Awards 2016, organised in India by Infosys Limited; the corporation that provides business consulting, information technology and outsourcing services to financial institutions across 19 countries.

UBA won the ‘Award for Process Innovation’ on account of its innovative approach to transaction authentication and reconciliation and also clinched the award for ‘Project Management Innovation’ as a result of the outstanding work it has done on implementing a ‘multi country migration of Finacle core banking solution using the Clustered Rollout concept. The awards were keenly contested for by financial institutions with over 160 nominations received from across different banks in 94 countries.

Commenting on the awards, Mr. Kennedy Uzoka, the Group Managing Director/CEO, UBA Plc said the Finacle Awards is an attestation to the quality of human resources that abound in UBA and the importance the Bank places on using information technology to better serve its customers. “UBA has remained the leading bank in driving customer satisfaction and banking penetration across Africa using information and computer technology”. “In achieving this, we have and will continue to commit resources to bringing convenience to our teeming customers,” he added.

The Finacle Client Innovation Awards recognizes some of the breakthrough innovations achieved by the clients, leveraging Finacle solutions. The award celebrates product, channel/distribution, customer service, process, custom component development and project management innovations that have benefitted banks by increasing revenues, profitability, enhancing customer satisfaction and efficiency. “Using technology to provide consumer satisfaction and excellent banking experience is important to us. In doing this, we  emphasised the acquisition of relevant technologies to drive service excellence and innovation in product and services, across all channels” said Chuks Nweke, Executive Director, Operations and Technology, United Bank for Africa.

UBA is one of Africa’s leading banks with operations in 19 African countries including having presence in global financial centers; New York, London and Paris. Adjudged to be at the forefront of innovation and convenience banking, UBA is one of the first financial services institutions on the continent to deploy Finacle 10x, a new information technology platform to boost its services and electronic banking channels. Today, UBA provides banking services to some 11 million customers globally, through diverse channels and several thousand touch points

BUSINESS

FCMB SheVentures Nominates Whiterose Properties for African Marketplace Dubai 2026

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We are pleased to announce that Whiterose Properties has been nominated and sponsored by FCMB through its SheVentures initiative to participate in African Marketplace Dubai 2026, scheduled for 10–12 October 2026.

This opportunity marks an important step in our journey to expand Whiterose’s international presence, build business relationships and introduce our offerings to a wider audience.

African Marketplace was founded by Mrs. Ibukun Awosika through the Ibukun Awosika Leadership Academy (IALA). The platform brings African and Caribbean businesses together to showcase their products and services and connect with international buyers, distributors and investors.

Mrs. Awosika, an entrepreneur, author and the first female Chair of First Bank of Nigeria, has demonstrated a longstanding commitment to enterprise and leadership. We commend her vision of creating a platform that gives African businesses greater visibility and access to global markets.

The Whiterose delegation will be led by our Founder and Chief Executive Officer, Shakirat Ayobami Kareem. At the exhibition, we will showcase our property portfolio alongside our furnishing and interior offerings, including products from Kirah Homes, our bedding and home accessories brand.

For us, this participation is an opportunity to explore distribution partnerships, engage prospective clients and strengthen relationships with businesses that share our ambitions for growth. We are proud to join other Nigerian enterprises showcasing their capabilities internationally.

We extend our sincere appreciation to FCMB SheVentures for the nomination and sponsorship, and for its continued support of female entrepreneurs. This support creates practical opportunities for women-led businesses to reach new markets.

We also thank our team, clients and partners whose dedication and trust continue to support the Whiterose journey.

We invite prospective buyers, investors, distributors and partners to connect with us at African Marketplace Dubai

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BUSINESS

UBA Opens Subscription Channel for Dangote Refinery IPO, Invites Investors to Participate

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Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been named as an authorised financial institution through which eligible investors can subscribe to acquire shares of the highly anticipated Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE.

This means that UBA can provide investors with access to the landmark public offer, which presents Nigerians and eligible international investors with an opportunity to become shareholders in one of Africa’s most significant industrial investments.

The Dangote Refinery IPO offers 4.1 billion ordinary shares at ₦525 per share, with a minimum subscription of 10 shares valued at ₦5,250, and investors can apply for additional shares in accordance with the terms of the offer.

The offer, scheduled to open on Monday, September 14, 2026 will close on October 13, 2026, subject to the terms contained in the offer documents.

UBA is encouraging interested investors, including its customers and members of the investing public, to take advantage of its approved channels to participate in the offer.

Commenting on the development, Executive Director Designate, UBA Group, Tosin Adewuyi said:, said: “We are pleased to be named as one of the approved financial institutions providing access to the Dangote Refinery public offer. At UBA, we remain committed to deepening financial inclusion and expanding opportunities for individuals and businesses to participate meaningfully in Nigeria’s capital market.»

“This public offer provides eligible investors with an opportunity to participate in the ownership of a major Nigerian industrial enterprise. We encourage interested investors to obtain and carefully review the offer documents, understand the terms and risks involved, and make informed investment decisions,” Adewuyi said.

He explained that eligible investors can subscribe for the Dangote Refinery shares through UBA’s approved subscription channels.

Investors are advised to ensure that their personal and banking details, including their BVN information, are accurate and up to date before submitting their applications.

UBA customers can access the offer through the Bank’s designated channels, subject to the applicable subscription process and terms via https://www.ubagroup.com/nigeria/self-service/

The Dangote Refinery IPO is expected to be a landmark transaction for Nigeria’s capital market, with the public offer designed to broaden participation in the ownership of the refinery and provide retail investors with an opportunity to invest in the business.

The bank therefore invites individuals, professionals, entrepreneurs, business owners, institutional investors and other eligible investors interested in participating in the offer to subscribe through UBA.

Investors are, however, advised to read the Prospectus and other offer documents carefully and seek appropriate professional advice where necessary before investing. An investment in shares carries risks, and the value of an investment may rise or fall.

UBA also advises investors to subscribe only through approved channels and to remain vigilant against fraudulent investment schemes. The official Dangote Refinery IPO website specifically warns investors never to disclose their PIN, password or OTP or pay money into a personal account.

The Bank advises subscribers to read the Prospectus and relevant offer documents before subscribing.

United Bank for Africa is one of Africa’s largest financial institutions, serving over 45 million customers globally. Operating in 20 African countries, as well as the United Kingdom, the United States, France and the United Arab Emirates, UBA provides retail, commercial and institutional banking services while championing financial inclusion, innovation and sustainable development across its markets.

 

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Wema Bank Wins Euromoney’s Nigeria’s Best Digital Bank for Consumers 2026 Award

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Wema Bank, Nigeria’s oldest indigenous bank and pioneer of Africa’s first fully digital bank, ALAT, has been named Nigeria’s Best Digital Bank for Consumers 2026 by Euromoney, one of the world’s most respected authorities on financial services and banking excellence.

The prestigious recognition affirms the Bank’s sustained leadership in digital innovation, customer experience and financial inclusion, reinforcing its position as one of Nigeria’s leading technology-driven financial institutions.

Presented annually, the Euromoney Awards for Excellence celebrate banks that are redefining financial services through innovation, measurable impact and outstanding customer value. In selecting Wema Bank for the award, Euromoney recognised the Bank’s successful digital transformation journey, its continuous innovation through ALAT, Africa’s first fully digital bank, and its unwavering commitment to delivering simpler, smarter and more accessible banking experiences for customers.

Commenting on the recognition, the Managing Director/Chief Executive Officer of Wema Bank, Moruf Oseni, said: “This award is a strong validation of the deliberate investments we have made over the years to build a truly digital bank that puts customers at the centre of everything we do. Innovation for us has never been about technology for its own sake. It has always been about creating solutions that make banking easier, faster, safer, and more rewarding for every customer.

“From pioneering Africa’s first fully digital bank with ALAT to continuously evolving our digital capabilities, we have remained focused on anticipating customer needs and building experiences that create real value. We are honoured by this recognition from Euromoney and inspired to continue pushing the boundaries of innovation as we shape the future of banking in Nigeria.” He concluded.

A key milestone in Wema Bank’s digital transformation has been the evolution and upgraded version of ALAT, which introduced next-generation capabilities including voice banking, tap-to-pay functionality, personalised financial services and integrated investment opportunities through strategic partnerships. Together with faster digital onboarding, AI-powered fraud monitoring, intelligent customer personalisation and an expanding agency banking network, these innovations continue to enhance customer experience while extending financial services to more Nigerians.

Euromoney also recognised Wema Bank’s ability to leverage technology to build deeper customer relationships through data-driven personalisation, enabling customers to receive tailored recommendations across savings, investments and credit products based on their financial needs and behaviour.

For over eight decades, Wema Bank has remained at the forefront of innovation in Nigeria’s financial services industry. As the pioneer of Africa’s first fully digital bank, the Bank continues to redefine banking by combining technology, customer insight, and innovation to deliver seamless, secure, and inclusive financial solutions for individuals, businesses, and communities.

The Euromoney recognition further reinforces Wema Bank’s commitment to building the future of banking through continuous innovation, operational excellence and customer-centric solutions that create lasting value.

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