Lagos, Nigeria | September 24, 2025
United Bank for Africa (UBA) Plc has declared an interim dividend of ₦0.25 per share for the first half of 2025, positioning the bank’s chairman, Tony Elumelu, to earn an estimated ₦1.68 billion.
The payout is based on Elumelu’s direct and indirect holdings in UBA, amounting to approximately 6.72 billion shares.
At the declared interim dividend rate, his entitlement is projected to reach ₦1.68 billion, making him one of the largest beneficiaries of the bank’s shareholder returns.
UBA’s half-year results reflected continued profitability, with pre-tax earnings reported at ₦388.4 billion.
The interim dividend follows a strong performance in the 2024 financial year, when the bank posted a profit after tax of ₦766.6 billion, gross earnings of ₦3.19 trillion, and distributed ₦171 billion in total dividends to shareholders.
The interim dividend of ₦0.25 per share represents a step down from the ₦2.00 per share declared in the same period of 2024, though it underscores the bank’s consistency in rewarding investors despite prevailing economic headwinds.
The payment is scheduled in line with the bank’s dividend timetable, with qualifying shareholders expected to receive their entitlements through electronic transfer on the announced distribution date.
