NGX Lists 3.156 Billion UBA Shares, Boosts Market Capitalization

The NGX Exchange has officially listed 3.156 billion additional ordinary shares of UBA Plc, signaling a significant increase in the bank's market capitalization and liquidity. The move follows the successful completion of UBA's recent right issue, offering shares at N50 per share.

UBA Group's Managing Director, Olivier Alawuba, expressed confidence in the bank's financial outlook and strategic positioning. With a total capital injection of N158 billion, UBA's capital base now stands at N513 billion, surpassing the Central Bank of Nigeria's minimum capital requirement.

This development reinforces UBA's position as a leading financial institution with a strong focus on financial inclusion and digital innovation.