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UBA rakes in N189.84bn profit in 2025 first quarter, earnings soar 33% — Report

United Bank for Africa (UBA) has reported a robust profit of N189.84 billion for the first quarter of 2025, reflecting a strong financial performance and a solid start to the year.

The figure represents a 33.15% increase from the N142.58 billion posted in the same period of 2024, underscoring the bank’s continued growth trajectory despite economic headwinds.

In a corporate disclosure to the Nigerian Exchange Ltd. on Wednesday, UBA also reported a 30.65% rise in profit before tax, which surged from N156.34 billion in Q1 2024 to N204.27 billion in Q1 2025.

The bank’s interest income also recorded a significant boost, climbing 36.09% year-on-year to N599.83 billion, compared to N440.76 billion in the corresponding period last year.

These results highlight UBA’s resilience and strategic focus on profitability across its diverse banking operations.

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Akanji Philip

Akanji Philip has been working as a reporter with VOICE AIR MEDIA, both onsite at the head office in Odi-Olowo, Osogbo, and remotely. He has covered events at notable political venues, involving prominent figures such as former Osun Governor Adegboyega Oyetola, current Osun State Governor Senator Isiaka Adetunji Adeleke, former Vice President Professor Yemi Osinbajo, the late Ondo Governor Rotimi Akeredolu, Oyo State Governor Seyi Makinde, and various other representatives and lawmakers. In addition, he has represented the company at various press conferences at police stations and has reported on occasions featuring entertainers and actors, such as Kola Oyewo during Oba-Ile Day in Osun State, among others. -Phone Number: +2349058501092, +2348137827714 -Email: akanjiphilips100@gmail.com