H1:2023 United Bank for Africa Plc Earnings Result | Marked by Increased Fair Value Gain on Derivatives
UBA’s H1:2023 financial results mirrored the earnings growth across its Tier-1 peers on the back of the FX liberalization policy implemented during the period. Gross earnings increased by 163.66% YoY to NGN981.78bn, largely supported by higher non-interest income (+381.30% YoY to NGN553.48bn). Interest Income remained elevated, growing by 66.57% YoY to NGN428.29bn. On the […]
Daily Market Update | 13-09-2023
Daily Market Update (Equities) The Nigerian Equities Market closed the day positive as its benchmark index rose by 0.93% to settle at 67,378.88 points in today’s trading session. Consequently, the Year-to-Date (YtD) returns rose to 31.47% (Yesterday: 30.26% YtD). The gains in DANGSUGAR, GTCO, ACCESSCORP, UBA, and TRANSCORP offset the losses in STANBIC, LAFARGE, NPFMCRFB, […]
