Africa’s Global Bank, United Bank for Africa (UBA) is set to host another edition of its highly anticipated quarterly Business Series, with a strong focus on empowering Micro, Small, and Medium Enterprises (MSMEs) to build strong businesses that will drive lasting impact across the continent.

This quarter’s session, which is the second for 2025, will hold on Thursday, July 10, 2025 at the UBA House, Marina, Lagos, and is part of the bank’s broader commitment towards business development and financial inclusion. The UBA Business Series aims to equip small business owners and entrepreneurs with practical strategies to build resilient partnerships, unlock funding opportunities, and navigate the evolving business landscape.

With the theme, “Stronger Together: Building Powerful Business Partnerships for Progress, this edition of the Business Series will bring together seasoned business leaders, industry experts, and successful entrepreneurs who will share insights on how collaboration and strategic alliances can help MSMEs overcome growth barriers.

An exciting lineup of seasoned business owners including Beauty Entrepreneur, Dabota Lawson; Real Estate Mogul and Entrepreneur, Wale Ayilara; Fashion Entrepreneur, Mai Atafo, and Journalist and TV producer Peace Hyde, will be on ground to arm participants with the tools and network they need to thrive in today’s competitive environment.

The session will be accessible both physically and virtually, allowing broader participation from the business community as interested participants can register ahead via the following link: on.ubagroup.com/BusSeriesPress

Speaking ahead of the event, UBA’s Group Head, Retail and Digital Banking, Shamsideen Fashola, highlighted the critical role of partnerships in today’s dynamic business environment.

“In an increasingly interconnected world, the power of collaboration cannot be overstated. At UBA, we recognise that collaboration is the cornerstone of sustainable business success. The ‘Stronger Together’ Business Series is designed to inspire entrepreneurs and corporate leaders to forge meaningful alliances that drive progress, unlock opportunities, and contribute to Africa’s economic transformation,” Shamsideen said.

Also speaking, the Group Head, Corporate and Marketing Communications, Alero Ladipo, emphasised the UBA’s commitment to empowering the business community through knowledge sharing.

“The quarterly series represents our dedication to nurturing entrepreneurship and fostering an ecosystem where businesses can thrive through strategic collaborations. Our speakers represent diverse industries and have successfully leveraged partnerships to scale their businesses, create jobs, and drive innovation.”

The UBA Business Series is a knowledge-sharing platform created by United Bank for Africa to empower entrepreneurs and small business owners with the tools, strategies, and insights needed to grow and sustain their businesses.

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 45 million customers globally. Operating in twenty African countries and 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.

Access Holdings PLC has been ranked the Tier 1 bank with the best asset quality in Nigeria, having posted the lowest Non-Performing Loan Ratio (NPLR) at 2.76 per cent, according to Proshare’s 2025 Tier 1 Banking Report, which was recently released. This marks a significant achievement for Access Holdings, reinforcing its leadership in credit discipline, risk management, and sustainable lending practices.

The report, titled “The Class of 2025: Getting Bigger, Bolder, and Dominant”, ranks Access Holdings second overall in the Tier 1 category, placing just behind Ecobank Transnational Incorporated (ETI), which led with a percentile score of 100. Access Holdings followed closely with a 91st percentile ranking, ahead of Zenith Bank at 73 per cent, FirstHoldco at 82 per cent, UBA at 64 per cent, and GTCO at 55 per cent.

In terms of NPLR performance, Access Holdings maintained a remarkable 2.76 per cent, outperforming Zenith Bank at 3.54 per cent, GTCO at 4.07 per cent, UBA at 3.80 per cent, ETI at 6.25 per cent, and FirstHoldco at 6.70 per cent. This positions Access Holdings at the forefront of asset quality management among Nigeria’s top banks, reaffirming its reputation for operational discipline amid market volatility.

Commenting on the achievement, Bolaji Agbede, Acting Group Chief Executive Officer of Access Holdings PLC, said: “This ranking is not just a measure of our financial health; it reflects the strength of our governance, the quality of our decision-making, and the focus we place on long-term value creation. It is a testament to the discipline of our people and the effectiveness of our pan-African strategy.”

She added: “At Access Holdings, we believe that sustainable success lies in balancing growth with resilience. We will continue to execute with precision, build with purpose, and innovate with integrity as we expand our presence across Africa and beyond.”

The 2025 edition of the Proshare Bank Strength Index (PBSI) introduces a recalibrated framework that reflects the realities of the ongoing recapitalisation exercise in Nigeria’s banking sector. This edition extends beyond traditional financial metrics to incorporate broader determinants of profitability, stability, and stakeholder value. The PBSI model emphasises capital adequacy and scale, asset quality and sustainable growth, digital transformation and earnings diversification, governance quality and board diversity, as well as profitability and cost-efficiency.

Access Holdings demonstrated strong fundamentals across all these parameters. It closed Full Year 2024 with total assets of ₦41.5 trillion and a loan book of ₦13.1 trillion. The Group’s capital adequacy ratio stood at 20.46 per cent, while asset growth for the period reached 55.49 per cent. Its cost of risk was held at 1.25 per cent, net interest margin recorded at 6.80 per cent, and earnings growth was an impressive 88.05 per cent, all indicators of a business built on financial soundness and execution excellence.

Speaking at the launch event, Olufemi Awoyemi, Chairman of Proshare, described the report as a vital mirror into the shifting dynamics of Nigeria’s financial services industry.

“Access Holdings has proven itself as a strong, adaptive institution. Its robust capital base, successful fundraising, and continental expansion efforts show a group that is not only growing but evolving. As recapitalisation reshapes the banking landscape, institutions like Access Holdings will continue to define the future of finance in Africa.”

He further remarked on the nuance behind ETI’s top ranking, noting, “ETI remains a unique case due to its pan-African structure and relatively limited regulatory exposure within Nigeria. Unlike Access Holdings and other locally regulated groups that must meet the ₦500 billion recapitalisation threshold, ETI’s broad regional footprint dilutes its local obligations. That distinction must be made when interpreting rankings.”

The report concludes that the Class of 2025, particularly Access Holdings, Zenith, UBA, FirstHoldco, GTCO, and ETI, dominate the banking landscape in terms of capital strength, asset size, loan portfolios, and governance quality. However, Access Holdings stands out for its unique blend of low risk, high growth, and strategic foresight, making it not just a leader in numbers but a frontrunner in shaping the future of African banking.

As Nigeria’s financial sector prepares for a more competitive and integrated future, Access Holdings remains committed to building a stronger, smarter, and more inclusive financial services ecosystem across Africa and beyond.

The Central Bank of Nigeria (CBN) has debunked a new report in circulation suggesting that the bank has extended the deadline for the recapitalisation of Bureau De Change (BDC) operators to December 31, 2025.

The CBN, through its Acting Director of the Corporate Communications Department, Mrs. Hakama Sidi Ali, described the information as false, and misleading, and stated that it should be disregarded.

According to her, the bank has not granted any such extension beyond the previously communicated deadline of June 3, 2025.

She consequently urged the general public, journalists, media platforms, and all stakeholders to consistently verify the information directly from official CBN sources, such as the Bank’s website and authorised communication channels, before publishing or sharing news about the Bank and its regulatory directives.

The CBN remains committed to ensuring transparency, stability, and compliance in the foreign exchange market and will continue to engage with all relevant stakeholders in accordance with its statutory mandate,” Sidi Ali noted.

She also said as part of the revised framework introduced in February 2024, BDCs were required to meet new minimum capital requirements — ₦2 billion for tier-one and ₦500 million for tier-two operators.