UBA Extends N157bn Rights Issue Deadline Amid BumperSavings Promo

UBA has extended the deadline for its N157 billion rights issue application to September 19, 2025, following approval from the Securities and Exchange Commission. The bank aims to provide shareholders more time to participate in the rights issue, priced at N50 per share for ordinary shares of 50 kobo each.

This move is part of UBA's efforts to strengthen its capital base in line with the Central Bank of Nigeria's recapitalization directive. The bank intends to raise N157 billion through the rights issue.

The extension was announced alongside the ongoing BumperSavings Promo.