No be small matter o! United Bank for Africa (UBA) don add extra 3.16 billion ordinary shares join dem own palava for Naira market. Dis news confirm as Nigerian Exchange Regulation(give dem the gist) latest letter wey dem sign on January 12, 2026.
Dis extra shares dem add to the daily official list after dem don finish im rights issue. Na wetin we sure say UBA don meet the new minimum capital requirement wey Central Bank of Nigeria don set for all those banks wey wan carry international business. Dem don finally cross N500 billion mark wey dem dey find.
As dem run dis 3,156,869,665 ordinary shares wey each one na 50 kobo for N50.00 per share, dem dey waka on di basis say for every 13 shares wey person get, dem go get one new share. Na serious level wey UBA dey operate now!
Before dis drama, UBA get total 41,039,305,642 ordinary shares. After dis listing, dem don increase am to 44,196,175,307. Abeg, no be joke o, dem dey show say dem ready for the market!
UBA CEO, Oliver Alawuba, don come out to appreciate di move, say na strong sign of investor confidence on top di bank wetin dey show say dem dey ok and strong financially. E talk say dis listing go help dem for dem Pan-African and global waka and support all dem stakeholders dem well-well.
As per di last financial report wey dem submit for September 2025, UBA don gather plenty money! Di capital stand gidigba for N350.08 billion, wey show say dem don pass di regulatory capital level wey di ogbonge regulators don set.
For those wey no sabi, United Bank for Africa na one of di biggest employment provider for Africa, with about 25,000 workers dey serve over 45 million customers globally. Dem dey operate for 20 African countries, plus UK, USA, France, and UAE. No be small journey!
Do you have a news tip for NNN? Please email us at editor @ nnn.ng
