Tony Elumelu's UBA posts N405 billion profit in 2025 but earnings drop 47% as FX trading gains disappear
Billionaires Africa | 25.04.2026 04:01
United Bank for Africa posted a group profit after tax of N404.7 billion ($259 million) for the year ended December 31, 2025, a 47% decline from the N766.6 billion it earned in 2024, as the foreign exchange trading gains that sharply inflated its prior-year earnings failed to repeat and impairment charges on loans climbed steeply.
