NewStats: 3,259,454 , 8,170,148 topics. Date: Sunday, 25 May 2025 at 04:49 AM 5h6f2f

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 have 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, a statement issued by Ramon Nasir, the bank's Head of Media and External Relations said on Friday.

The statement read, "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 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."

According to the statement, 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 has 25,000 employees group wide and serves over 35 million customers globally.

https://saharareporters.com/2023/07/28/uba-announces-improved-staff-welfare-pay-rise-amid-rising-inflation-hardship-nigeria

Nice one from UBA.

Very soon, youths will start collecting loan to feed.

One idiot ,old cargo is saying the youth should endure a bit, but some few idiot are poketing seventy something billion, they will keep fooling you fools, what stop them from building a refinery, an oil producing nation for that matter...they should endure till they all die away

In response to the economic fluctuations occasioned by the removal of the fuel subsidy in Nigeria, UBA has announced an increase in salaries for its employees in the business

Very Good Development....
Other banks should follow suit ASAP.
We will get there......

Meanwhile,
Dearest Sane Nairaland ,
Sisi Yewande and Madam Ngo on behalf of All of us at [b][/b] are checking on you.

Times are hard
It is for the best future for us all.
No pain No Gain.
Guide your mental health.
Cut down on excesses and frivolity.
Keep ing us to pray for a better Nigeria 🇳🇬.
Slow and Steady we will get to the nation flowing with milk and honey.
A country of our dreams.
God bless you all.
God bless Nigeria 🇳🇬 🇳🇬 🇳🇬

We Love You all ❤️ 😍 💖

Thanks and Cheers.

we

Good one

Please, other organised private sector should follow suit.
However,Make them nor increase charges and those unnecessary debit alert

Good gesture

Good move. I think I like how they did not make it public by how much the staff salaries will increase. Surprises are nice as I expect them to be very reasonable.

Nah why Dem dae debit me be this😡😡😡😡

Las las na customers go pay for all this increase.

Good.


10,000; 5000 all of them na increase.



Work like Elephant, eat like ant.


While the capitalist choke on the profit.

Too many stories, just increase the salary significantly.

nice one,someone should tell Polaris bank to do same for their SOF/contract staffs,awon alayebaje.

How come is only private sector that is workin on salary increament

wat happen to our FG

Na banks dey enjoy the FX flexibility, so they can comfortably increase staff welfare without feeling it. Zenith started, then wema now uba.

Hmm

How are we going to get our own increment we that are teaching in private school.


God we need your help.

If you need a private teacher for your primary school children, I'm available.

dre11:






https://saharareporters.com/2023/07/28/uba-announces-improved-staff-welfare-pay-rise-amid-rising-inflation-hardship-nigeria

what about the contract staffs, what package do u have for them?

Weldone sir

If Akagum happened to be their Chairman, they will not get shishi

gentposh:
This Bank wey no reach 50 for the whole country

Some of una go just open mouth waaahhmmm, they post nonsense and rubbish fake news on Social Media with so much confidence!!!

You are talking about One of Nigeria's long-standing and most respected financial institutions,
UBA bank serves millions of customers via its strong geographical network of over 428 branches and over 1,500 ATM machines.
Well, what do kids know?!

this is our season, bankers are at risk of being kidnapped, I have gotten like 20 unknown DM recently from ladies🔥though I am single and available 🤸

By how many prcent did they increase it, pls leave too much grammar...

Hmmm

Will state governments ever do this?

That's goodnews. They're trying hard to hold on to their dwindling staff

oolala866:
That's goodnews. They're trying hard to hold on to their dwindling staff

Exactly

dre11:






https://saharareporters.com/2023/07/28/uba-announces-improved-staff-welfare-pay-rise-amid-rising-inflation-hardship-nigeria

What about we the customers

UBA is aware but the government is not
aware of the impact of recent economic policy pronouncements on prices and capacity to meet financial commitments to family and personal needs.

WAY TO GO

Dem go just declare 60b PAT everywhere only the Oga’s go share am.

Fetch from there pay workers well joor

Nice one GTB!

Na dem start am. Driver for GTB na 150k