NGX Confirms Itemizing of three.156 Billion UBA Shares, Deepening Liquidity, Market Capitalisation

The Nigerian Change Restricted (NGX) has admitted an extra 3.16 billion strange shares of United Financial institution for Africa (UBA) Plc, to its Every day Official Record, signalling a significant enhancement of the financial institution’s market capitalisation while additionally deepening liquidity on the capital market.

The NGX famous this in a confirmatory letter to the financial institution, dated January 12, 2026, and signed by Head, Issuer Regulation Division at NGX, Godstime Iwenkehai, who defined that the extra shares have been listed following the profitable conclusion of UBA’s latest rights issuance train.

“Following the submission of all post-approval paperwork, please be told that United Financial institution for Africa Plc’s Rights Subject of three,156,869,665 strange shares of fifty Kobo every at N50.00 per share on the idea of 1 new strange share for each 13 strange shares held have been formally listed on the Every day Official Record of Nigerian Change Restricted (NGX) on , Monday, 12 January 2026”, Iwenkehai acknowledged within the letter.

UBA’s Group Managing Director/CEO, Oliver Alawuba, who acquired the letter, recommended the affirmation, as he famous that the transfer underscores strong investor confidence within the financial institution’s capitalisation technique and future prospects.

“We welcome the formal affirmation from NGX on the itemizing of our rights subject shares. This profitable transaction displays sturdy investor confidence in UBA’s monetary energy, governance, and progress technique. For sure that the extra capital will additional assist our Pan-African and international growth, and improve our capability to ship sustainable worth to all stakeholders,” Alawuba acknowledged.

In November 2024, the financial institution had raised N239 billion, which elevated its capital base to N355 billion at the moment, whereas the just lately concluded rights subject has injected an extra N158 billion, bringing the financial institution’s complete capital to N513 billion.

This newest inflow means UBA’s qualifying capital base now surpasses the N500 billion requirement by the Central Bank of Nigeria (CBN), thereby exceeding the recapitalisation minimal for banks with worldwide authorisation.

United Financial institution for Africa is among the largest employers within the monetary sector on the African continent, with 25,000 staff group-wide and serving over 45 million clients globally. Working in twenty African international locations, the UK, america of America, France and the United Arab Emirates, UBA offers retail, industrial and institutional banking companies, main monetary inclusion and implementing cutting-edge know-how.