The anti-ulcer activities of aqueous extract of unripe plantain peels (Musa paradisiaca) were evaluated in this study using standard methods. Twentyfive male wistar (albino) rats were starved and randomized into five groups designated A,B,C,D and E. Groups A (positive control) and B (negative control) animals were administered with 2ml/kg and 50mg/kg body weight of distilled water and reference drug (cimetidine) respectively while 50mg/ kg, 100mg/kg and 200mg/kg body weight of the extract were administered intraperitoneally to animals in groups C, D and E respectively and after four hours, 90% ethanol(1mg/kg body weight) was administered to the rats in all the groups. Then the animals were anaesthetized after two hours using chloroform, and their stomachs were dissected and hematological studies were carried out. The result showed that the ulcer index activity for group A (positive control) had a significant change (P<0.05) compared to groups B (negative control), C, D. and E respectively. The percentage cytoprotective effects were very high in group E, but significantly reduced in group A (positive control) (P<0.05). These results therefore confirm that the aqueous extract of unripe plantain peels (Musa paradisiaca) has antiulcer effects and as such could be useful in ethno-medicine for ulcer treatment.