NGX lists 3.16 billion UBA shares

The Nigerian Change Restricted has formally listed a further 3,156,869,665 odd shares of United Financial institution for Africa Plc on its Each day Official Listing, marking a step in strengthening the financial institution’s capital base and deepening liquidity within the Nigerian capital market.

The itemizing follows the profitable conclusion of UBA’s latest rights subject train, which supplied shareholders one new odd share for each 13 odd shares held at a worth of N50.00 per share.

The NGX confirmed the formal itemizing in a letter dated 12 January 2026, addressed to UBA and signed by Godstime Iwenkehai, Head of the Issuer Regulation Division at NGX.

Within the letter, Iwenkehai acknowledged, “Following the submission of all post-approval paperwork, please be told that United Financial institution for Africa Plc’s Rights Challenge of three,156,869,665 odd shares of fifty kobo every at N50.00 per share on the idea of 1 new odd share for each 13 odd shares held was formally listed on the Each day Official Listing of Nigerian Change Restricted on Monday, 12 January 2026.”

The itemizing of those shares will increase UBA’s complete excellent shares on NGX from 41,039,305,642 odd shares to 44,196,175,307 odd shares. This injection of extra shares represents a considerable enhancement of UBA’s market capitalisation and is predicted to considerably enhance liquidity within the buying and selling of the financial institution’s inventory.

UBA’s Group Managing Director and Chief Government Officer, Oliver Alawuba, welcomed the affirmation, describing it as a transparent demonstration of investor confidence within the financial institution.

“We welcome the formal affirmation from NGX on the itemizing of our rights subject shares. This profitable transaction displays robust investor confidence in UBA’s monetary power, governance, and progress technique,” Alawuba mentioned. He added, “Evidently, the extra capital will additional help our Pan-African and world growth and improve our capability to ship sustainable worth to all stakeholders.”

The just lately concluded rights subject raised N158bn for UBA, which, when mixed with the N239bn raised in November 2024, has elevated the financial institution’s complete capital base to N513bn. This newest capital infusion ensures that UBA’s qualifying capital now comfortably surpasses the N500bn minimal requirement set by the Central Bank of Nigeria for banks with worldwide authorisation, solidifying its place as one in every of Nigeria’s main monetary establishments.

United Financial institution for Africa Plc is a significant employer within the African monetary sector, with over 25,000 workers throughout its operations and a buyer base exceeding 45 million worldwide. The financial institution operates in 20 African nations in addition to in the UK, the USA of America, France, and the United Arab Emirates, offering a variety of retail, industrial, and institutional banking providers.