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E-Financial

UBA Innovates with another First ‘UBA Learn’ Targeted at Empowering Students

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Principal, International School UNILAG, Dr. M. Brai Malik, Group Managing Director, United Bank for Africa, Mr. Kennedy Uzoka and Executive Director, Lagos and West Bank, Marketing, Liadi Ayoku, during the launch of the bank’s online Learning Platform for students that was held at ISL, Lagos,
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United Bank for Africa(UBA), pan-African Financial Institution,  has introduced a unique and innovative product, called ‘UBA Learn’ targeted at helping students achieve all round academic success.

 

The Product, an online Learning Platform for students powered by Roducate, was launched yesterday, May 17, 2018 with particular emphasis on helping students within the age range of 5-16years and 17-24 attain academic excellence, while ensuring that the parents and teachers keep track and monitor their ward’s educational developments and performance.

 

UBA Learn is accessible online, through a downloadable mobile app and  USSD (*919*33#) and is open to both existing customers and non-customers.  Intending customers can have account numbers automatically generated once they enrol on the platform. The platform features academic curricula (e.g. WAEC), NECO, Continuous assessments and tests, financial education, learning/fun games, etc.

 

Speaking at the launch of the Product, Kennedy Uzoka, group managing director, said: “United Bank for Africa is a technology-driven company with enormous capability in business. Because education is key to us and is a fundamental human right, we felt a need to extend our capability to education, by revolutionising access to education through technology. “

 

That’s the main reason we are here today- to bring knowledge to the doorstep of everyone across Africa and other parts of the world, through this Unique innovation, called UBA learn”.

 

Uzoka continued: “The app is a distinctive and well-tailored product loaded with all the needed learning tools and required subjects put together in a robust manner that is guaranteed to grow with the student early on to when he or she becomes a young adult.

 

 

“UBA Learn was carefully conceptualised to suit a niche focus of our customers who are mostly students; because more than anything, we are a bank that is particularly passionate about the growth and development of youths especially as it concerns their academic growth as is evidenced in the plethora of campaigns and Corporate Social Responsibility Initiatives (CSR) targeted at helping them find their paths in life, e.g.  Read Africa Initiative, Campus Ambassadors, National Essay Competition among others”. said Anant Rao, Group Executive, Digital & Consumer Banking.

 

Rao further explained: “UBA Learn is unique in the banking industry because it is a product that suits a special need. The app which empowers student through their mobile device  and available in Google play store and app store is a concept where the bank is taking on a mentorship role intended to equip and guide students into a bright future, life of prosperity.” Anant explained.

 

“That is why there is a conscious effort aimed at helping them grow, because we understand, that the future is only secure when they are empowered”. “The UBA Learn platform is designed to appeal to the young and aspiring youth who is looking to actualise his or her dream likewise get to the exalted height only education can guarantee. UBA is more than aware that there is an urgent need to effectively guide them to actualising success and more, that is why we introduced UBA Learn”.

 

He further said, the benefits of enrolling and using ‘UBA Learn’ are enormous. Apart from preparing them academically it also aids them to becoming financially independent. At this stage, account holders will enjoy exclusive invitations to job and career fairs as well as entrepreneurship workshops.”

 

Also speaking, Dr. Brai Malik, appreciated the bank for picking International School UNILAG, out of many to officially launch the one of a kind, product. He  also noted that UBA learn is a great initiative deserving of commendation. According to Malik, “UBA as a financial institution and innovator of the wonderful product deserve applause for demystifying learning with this application”.

 

Malik also stated that, ISL is a school with  good taste that recognises quality and  in line with its foresight for the future the school will encourage teachers to join the train and also take advantage of the innovation in their classroom activities.”

 

Account holders will also have access to 24 hour online banking services on UBA’s highly acclaimed internet banking platform, particularly Leo the Virtual banker which is now a hit with students besides other privileges like specially branded debit card, interest bearing savings accounts, career advisory, scholarships, work place experience schemes with the UBA Group, entrepreneurial skills development workshops and social media engagements.

 

UBA was incorporated in Nigeria as a limited liability company after taking over the assets of the British and French Bank Limited who had been operating in Nigeria since 1949.

 

 

 

 

 

 

 

 

 

 


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Nigeria CommunicationsWeek believes that technology makes life more exciting and helps improve the lives of people around Nigeria and indeed the world. So since 2007, we have devoted our energy to independent reportage of technology and how they affect lives.

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E-Financial

GTCO to Become First Nigerian Bank to List on London Stock Exchange

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By 8 am on July 9, GTCO Holdings is set to commence trading on the London Stock Exchange.

GTCO to Become First Nigerian Bank to List on London Stock Exchange

As the group is set to list all its shares on the London Stock Exchange, becoming the first Nigerian banking entity to do so.

This is as the group launches a public offer of new ordinary shares to raise approximately $100 million on the London Stock Exchange.

The equity offering, which is an accelerated bookbuild and managed by Citigroup, began on July 2 and is to last until July 31.

On July 31, the group announced that it would cancel the listing of its Global Depositary Receipts (GDRs) on the UK Financial Conduct Authority’s (FCA) Official List.

It will also cancel their admission to trading on the London Stock Exchange (LSE)’s main market.

In place of the GDRs, the group will list all its ordinary shares directly.

aims to admit all its shares to the equity shares category for international commercial companies under a secondary listing on the FCA’s Official List.

The shares will also begin trading on the LSE’s main market for listed securities.

According to a regulatory filing on the London Stock Exchange, the net proceeds from the offering will be used to recapitalize GTBank Nigeria.

Based on the prevailing exchange rate of N1,540 to the US dollar, the targeted $100 million equates to approximately N154 billion.

This capital raise is expected to position the Group to fully meet the N500 billion minimum paid-up share capital required by regulators for banks with international licenses.

As of now, both Zenith Bank and Access Holdings have already met—and exceeded—this threshold.

 


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E-Financial

NAICOM Issues New Licenses to SanlamAllianz Life, General Insurance

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The National Insurance Commission (NAICOM) has handed over new licenses to SanlamAllianz Life and General Insurance Nigeria Ltd at brief ceremony held in Abuja.

Olusegun Omosehin, commissioner for Insurance emphasized the Commission’s commitment to supporting the growth of insurance entities in the country, while ensuring strict compliance with regulatory requirements. He urged the companies to prioritize good corporate governance, stability, and timely claims settlement processes.

The Commissioner reiterated NAICOM’s dedication to removing unnecessary bottlenecks and improving the insurance industry’s overall performance. He expressed confidence that the merger would enhance the companies’ capabilities and contribute to the industry’s growth.

SanlamAllianz recently launched its operations in Nigeria, marking a significant step in the company’s Pan-African expansion.

The launch follows the merger of Sanlam and Allianz’s Nigerian operations, creating a new entity named SanlamAllianz Nigeria.

This joint venture aims to transform the Nigerian insurance landscape by offering enhanced customer experiences, innovative solutions, and improved financial inclusion.


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E-Financial

World Bank Approves Extra $65m for Nigeria’s SPESSE

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World Bank has approved an additional $65 million loan for Nigeria to support the Sustainable Procurement, Environmental, and Social Standards Enhancement (SPESSE) project, increasing the total financing for the initiative to $145 million.

World Bank Approves Extra $65m for Nigeria’s SPESSE

The approval was granted on June 24, 2025, according to details posted on the World Bank’s website, which also indicates that the project’s status has moved to “active” following the approval.

The SPESSE project, initially launched with an $80 million loan approved in February 2020, aims to strengthen institutional capacity for managing procurement, environmental, and social standards in both the public and private sectors across Nigeria.

The World Bank described the project’s development objective as the establishment of sustainable capacity in these areas.

This latest approval is part of a broader wave of financing expected from the World Bank to Nigeria in 2025.

The bank is scheduled to approve loans totalling $1.61 billion over the coming months, supporting various development initiatives.

Among these is a $300 million loan for the ‘Solutions for the Internally Displaced and Host Communities Project,’ expected to be finalised by the end of July.

This project aims to improve access to basic services and economic opportunities for internally displaced persons (IDPs) and host communities in selected local government areas in northern Nigeria.

In September, the World Bank plans to approve four additional loans: a $10.5 million facility to support technical assistance for the Central Bank of Nigeria, a $300 million Health Security Program targeting Western and Central Africa (Nigeria – Phase IV), a $500 million project for building resilient digital infrastructure (BRIDGE), and a $500 million loan under the Nigeria Sustainable Agricultural Value-Chains for Growth project aimed at promoting sustainable growth and job creation within key agricultural sectors.

Earlier in March 2025, the bank approved three financing requests amounting to $1.13 billion.

These funds are directed towards projects focused on enhancing quality education, boosting household and community resilience, and improving nutrition.

Among the approved loans were $80 million for the Accelerating Nutrition Results in Nigeria 2.0 project, $552 million for the HOPE for Quality Basic Education for All programme, and $500 million for the Community Action for Resilience and Economic Stimulus Programme.

In February, the Nigerian government announced expectations of new World Bank loans totalling $2.2 billion for six different projects in 2025. This follows a $1.5 billion loan disbursed in 2024 aimed at strengthening Nigeria’s economic stability and resource mobilisation efforts.


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