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Nigeria’s United Bank for Africa opens branch in Dubai

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Nigeria’s United Bank for Africa (UBA) has set up operations in the United Arab Emirates, it said on Monday.

The new branch, located in the Dubai International Financial Centre, will serve customers across the region and focus on correspondent banking, relationship management and advisory services, UBA said in a statement.

Group chairman Tony O. Elumelu said the UAE branch would enable trade, finance and investments between the Middle East and Africa.

“We have been looking forward to this day as it is the first time we will have presence in this part of the world. We know that our international expansion is incomplete if we are not present in the Gulf,” he said.

UBA already operates in 20 African countries, Britain, France and the United States.