UBA lists 3.16bn new shares after rights issue on NGX
United Bank for Africa Plc has listed an additional 3.16 billion ordinary shares on the Nigerian Exchange. The move follows the successful conclusion of the bank’s rights issue, which saw its share capital surpass the N500bn mark. Oliver Alawuba, UBA’s Group Managing Director/Chief Executive Officer, highlighted the strong investor confidence in the bank’s growth strategy. The listing increases UBA’s total outstanding shares and supports its expansion plans.
TLDR
- The Nigerian Exchange Regulation confirmed the admission of 3.16 billion new UBA shares to the Daily Official List.
- In a confirmatory letter dated 12 January, the listing was attributed to the completion of UBA’s rights issue.
- The shares were formally listed on the Daily Official List of Nigerian Exchange Limited on Monday, 12 January 2026.
- UBA’s total listed shares have increased from 41,039,305,642 to 44,196,175,307 ordinary shares.
- Oliver Alawuba stated that the transaction reflects strong investor confidence and will support UBA’s Pan-African and global expansion.
