Union Bank of Nigeria (NSA:UBNP) Accounts Payable & Accrued Expense : ₦45,088 Mil (As of Mar. 2023)

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What is Union Bank of Nigeria Accounts Payable & Accrued Expense?

Union Bank of Nigeria's quarterly accounts payable & accrued expense increased from Sep. 2022 (₦14,175 Mil) to Dec. 2022 (₦26,447 Mil) and increased from Dec. 2022 (₦26,447 Mil) to Mar. 2023 (₦45,088 Mil).

Union Bank of Nigeria's annual accounts payable & accrued expense increased from Dec. 2020 (₦12,544 Mil) to Dec. 2021 (₦18,941 Mil) and increased from Dec. 2021 (₦18,941 Mil) to Dec. 2022 (₦26,447 Mil).

Union Bank of Nigeria Accounts Payable & Accrued Expense Historical Data

The historical data trend for Union Bank of Nigeria's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Union Bank of Nigeria Accounts Payable & Accrued Expense Chart

Union Bank of Nigeria Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Accounts Payable & Accrued Expense

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16,101.00

11,899.00

12,544.00

18,941.00

26,447.00

Union Bank of Nigeria Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
Accounts Payable & Accrued Expense	Get a 7-Day Free Trial															17,491.00	10,498.00	14,175.00	26,447.00	45,088.00

Union Bank of Nigeria Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Union Bank of Nigeria (NSA:UBNP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Union Bank of Nigeria PLC (NSA:UBNP) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

Stallion Plaza, 36 Marina, Lagos, NGA, 2027

Website

https://www.unionbankng.com

Union Bank of Nigeria PLC is a banking corporation. The principal activity of the Bank is the provision of banking and related financial services to corporate and individual customers. The company offers flexible current and savings accounts, cash management, trade finance, credit solutions, and treasury solutions. The company also provides personal loans, overdrafts, and advances to individuals as well as small and medium enterprises and corporates. The Bank also provides treasury services to high-net-worth individuals, commercial clients, corporates, and nonbanking financial institutions. The bank manages its business in four segments namely Retail Bank, Commercial Bank, Corporate Bank, and Treasury.

Union Bank of Nigeria (NSA:UBNP) Headlines

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