Nigerian billionaire, Tony Elumelu has approved the increment in salaries of UBA staff, both contract and permanent, by over 30% to cushion the hardship that came with fuel subsidy removal, barely 3 months after the last increment of staff salaries by the bank.
This news triggered wild jubilation all over the UBA branches scattered all over the country as staff of the bank were seen dancing and praising God for what he had done.
With this increment, UBA has joined the likes of Zenith Bank and Polaris Bank, which did the same for their staff.
Meanwhile, UBA stock Is one of the best-performing stocks at the Nigerian stock exchange this year.
1 million naira invested in UBA stock at the beginning of the year is now 1.9 million. showing that the bank stock has done 90% this year alone.
