• Home
  • About Us
  • Contact Us
Wednesday, May 21, 2025
Star Lite News
  • Home
  • News
    • All
    • Business
    WAEC Candidate

    Tragedy in Ibadan: WAEC Candidate Killed by Stray Bullet During Police Chase

    Olubunmi Tunji-Ojo-Public Holiday

    FG Declares Public Holiday

    Catholic Priest-Kaduna

    Kidnapped Catholic Priest Freed in Kaduna unharmed

    EBS

    EBS to Launch New Flagship News Program “EBS Tonight” on May 5

    Public Holidays

    FG Declares Public Holidays for Easter Celebration

    Dangote Cement

    Minister hails Dangote Cement over host community youth development

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

    Netflix

    Netflix Investments Give Life To Nollywood Projects

    BBNaija

    STREEZE become the third pair of housemates to be evicted from season 9 of the #BBNaija show

    "CHAINS - No Longer a Slave"

    CHAINS – No Longer a Slave” Set For Premiere In Abuja Today

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    WAEC Candidate

    Tragedy in Ibadan: WAEC Candidate Killed by Stray Bullet During Police Chase

    Olubunmi Tunji-Ojo-Public Holiday

    FG Declares Public Holiday

    Catholic Priest-Kaduna

    Kidnapped Catholic Priest Freed in Kaduna unharmed

    EBS

    EBS to Launch New Flagship News Program “EBS Tonight” on May 5

    Public Holidays

    FG Declares Public Holidays for Easter Celebration

    Dangote Cement

    Minister hails Dangote Cement over host community youth development

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

    Netflix

    Netflix Investments Give Life To Nollywood Projects

    BBNaija

    STREEZE become the third pair of housemates to be evicted from season 9 of the #BBNaija show

    "CHAINS - No Longer a Slave"

    CHAINS – No Longer a Slave” Set For Premiere In Abuja Today

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
Star Lite News
No Result
View All Result
Home Banking News

UBA Recognizes Employee Efforts With Welfare Allowance Amid Economic Uncertainties

starliteadmin by starliteadmin
July 30, 2023
in Banking News, Business
0
UBA
0
SHARES
0
VIEWS
Share on FacebookShare on WhatsAppShare on Twitter

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reaffirmed its commitment to prioritise the welfare of its staff and their families reflecting the current economic realities and its impact on living conditions.

To this end, the bank’s Board of Directors has announced the implementation of a cost of living adjustment for its staff effective immediately.

The bank said that over the past few months, it has been closely monitoring the effect of the rising cost of living on its employees and recognises the importance of addressing these challenges proactively.

It is interesting to note that even when the bank had previously implemented cost of living adjustment for staff on October 1, 2021, and more recently on April 1, 2023, the persistent economic challenges faced by employees and the broader society as a whole, informed the unanimous decision to again implement another adjustment.

Also in line with its commitment to promote staff for excellent performance every year, UBA had in March 2023, announced the promotion of over 1,500 staff across Africa, and had also elevated close to 1,000 staff in 2022.

UBA’s Group Managing Director/Chief Executive Officer, Oliver Alawuba, who made the announcement, said, “We are aware of the impact of recent economic policy pronouncements on prices and your capacity to meet your financial commitments to family and personal needs.

As an organisation focused on the well-being of our people, I am pleased to inform you that the Board of UBA Plc has approved a Welfare Allowance for all employees.”

Alawuba explained that the decision to adjust the staff’s remuneration package once again demonstrates UBA’s unwavering commitment to maintaining the standard of living for its employees at a level that is commensurate with prevailing economic conditions.

“This move will serve to alleviate the financial burdens faced by our staff and their families, reinforcing the bank’s position as a responsible and caring employer,” he explained.

He took time out to appreciate the staff for their effort and dedication and hard work of its employees, which remains the bedrock of its success, as he noted that the bank recognises the critical role played by its workforce in navigating challenges and ensuring the continued growth of the institution.

“My profound appreciation to you for your commitment to our corporate goals and adherence to our core values, as demonstrated in our remarkable half-year 2023 results. By enhancing staff welfare, we aim to boost employee morale and foster a conducive and rewarding work environment that empowers employees to thrive both personally and professionally,” the GMD added.

United Bank for Africa is one of the largest employers in the financial sector on the African continent, with 25,000 employees group-wide and serving over 35 million customers globally.

Operating in 20 African countries and in the United Kingdom, the United States of America, France, and the United Arab Emirates, UBA provides retail, commercial, and institutional banking services, leading financial inclusion and implementing cutting-edge technology.

Tags: Oliver AlawubaPlcStarlitenewsUBAUBA’s Group Managing Director/Chief Executive OfficerUnited Bank for Africa
Previous Post

Wema Bank Showcases Strong Performance – Doubles Profitability

Next Post

Deregulation: IPMAN, Stakeholders, Laud Polaris Bank, Emadeb Energy For Landmark 20,000 Metric Tonnes PMS Import

starliteadmin

starliteadmin

Related Posts

Fidelity Bank

10 reasons Fidelity Bank is unshakable in 2025

by starliteadmin
May 20, 2025
0

Fidelity Bank Plc has continued to solidify its reputation as one of Nigeria's most resilient and forward-moving financial institutions. With...

Dangote Refinery

Dangote assures of Petrol price stability despite the increase in crude oil price

by starliteadmin
May 19, 2025
0

Dangote Petroleum Refinery & Petrochemicals reaffirms that, despite the fluctuations in global crude oil prices, it has consistently reduced the...

Fidelity Bank

Why Fidelity Bank Plc Is Too Big to Fail

by starliteadmin
May 19, 2025
0

Several media platforms have gone to town with the news of the Supreme Court ruling on a dispute between the...

Access Bank

Access Bank’s Mortgage Neglect: A Billion-Naira Blind Spot in Nigeria’s Housing Crisis

by starliteadmin
May 18, 2025
0

In the midst of a deepening housing crisis in Nigeria, Access Bank, the country’s largest lender by assets, has shown...

NASCON

2024: Operational Efficiency, Strategic Initiatives Behind NASCON’s Impressive Performance

by starliteadmin
May 8, 2025
0

NASCON Allied Industries Plc, has reaffirmed its dedication to driving growth through innovation, enhancing operational efficiency, and creating value for...

Dangote Group

Dangote Packaging Increases Output, Eyes African Export Boom

by starliteadmin
May 6, 2025
0

Dangote Packaging Limited (DPL) has announced plans to expand into the African export market, following a production capacity boost facilitated...

Next Post
Polaris Bank

Deregulation: IPMAN, Stakeholders, Laud Polaris Bank, Emadeb Energy For Landmark 20,000 Metric Tonnes PMS Import

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

  • Tinubu and Timothy

    Prince Chukwudi Timothy Appeals For Dialogue Instead Of Nationwide Protest

    0 shares
    Share 0 Tweet 0
  • Peter Obi says victory of Christ the King College at World Affairs Challenge heartwarming

    0 shares
    Share 0 Tweet 0
  • Family reveals Ifeanyi Ubah’s burial date

    0 shares
    Share 0 Tweet 0
  • ACEACRES24: Akmodel MD Makes Presentations At The 2Days Event (Photos)

    0 shares
    Share 0 Tweet 0
  • Legends of Nollywood Financial Summit Is Here, Meet The Speakers: Apostle Anselm Madubuko, Mrs. Bukola Agbaminoja, Pst. Moji Bakare Asieru-sweet, Others

    0 shares
    Share 0 Tweet 0

Recent Posts

  • Tragedy in Ibadan: WAEC Candidate Killed by Stray Bullet During Police Chase
  • 10 reasons Fidelity Bank is unshakable in 2025
  • Dangote assures of Petrol price stability despite the increase in crude oil price
  • Why Fidelity Bank Plc Is Too Big to Fail
  • Qualifying As Chartered Accountant At Age 17 Is A Dream Come True – Oluwatiseyitan
Starlite news icon

Browse by Category

Archives

  • Home
  • About Us
  • Contact Us

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Contact Us
  • About Us
  • Business
  • Politics
  • World
  • Entertainment
  • Lifestyle

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

  • https://starlitenews.com.ng/2024/04/25/nigerian-woman-breaks-guinness-world-record-with-55-hour-interview-marathon/
  • https://starlitenews.com.ng/2024/04/17/naira-abuse-court-grants-cubana-chief-priest-n10m-bail-after-pleading-not-guilty/
  • https://starlitenews.com.ng/2024/10/09/fidelity-bank-improves-ease-of-revenue-collection-with-tax-booths/