Business News of Monday, 14 July 2025

Source: www.legit.ng

UBA announces job opportunity with attractive salary across Africa

United Bank for Africa (UBA) United Bank for Africa (UBA)

United Bank of Africa (UBA) has announced exciting career opportunities with vast growth potential across Africa.

The opportunity is open to vibrant, young graduates with a passion for sales and delivering exceptional customer service at any scale.

It provides clear pathways for advancement and opportunities to learn new skills. According to a statement on its website, the application window closes on Sunday, July 20, 2025.

In addition to attractive entry-level compensation, successful applicants will gain hands-on experience and professional development.

The programme is designed to select, develop, and build a pipeline of next-generation leaders and bankers who will be trained to drive the bank’s vision to become the undisputed leading and dominant financial services institution in Africa.

Requirements for UBA's job opportunity

A Bachelor's degree (minimum second-class lower) from a government-accredited institution.

Must have completed NYSC or its equivalent.

Must not be older than 27 years by December 31, 2025

How to apply for UBA's job opportunity

Applications are invited from interested and qualified candidates to apply for the UBA Graduate Trainee Program using the link. https://jointhetribe.ubagroup.com/

UBA increases profit

United Bank for Africa's (UBA) quarterly profits increased 33.1% over the previous year, aided by a significant increase in the revenue it received from loans and investments in financial assets.

According to the lender's financial report released for the three months ending March, investment instruments such as bonds, treasury bills, and promissory notes increased the interest income pool by 48.7% as opposed to 45.7% in the same period last year.

This signifies a shift from the conventional belief that interest income from lending, which is banks' main industry, will logically contribute more to the bottom line than other revenue streams.

According to the analysis, this may indicate that the lender is depending more on fixed-income securities and less on loans and advances, which have suffered from low payments from clients who are severely impacted by high borrowing rates.

At N351.9 billion, net interest income—the difference between the interest banks charge on loans and the interest they pay to depositors and other lenders—rose by 17%.

During the review period, UBA allocated over seven times more for that purpose compared to the same period in 2024.

As the business reduced its fair value loss on derivatives by as much as 82.4%, net trading and foreign currency income increased by 211.2%. While after-tax earnings rose from N142.6 billion to N189.8 billion, pre-tax profit jumped by 30.7%.