United Bank for Africa (UBA) has successfully concluded its Rights Issue, offering 3,156,869,665 ordinary shares of 50 kobo each at N50 per share. The exercise, which allowed existing shareholders to acquire one new share for every 13 held as of July 16, 2025, closed on September 19, 2025.
The Rights Issue is expected to raise approximately N157.84 billion in additional capital, pending approval from the Securities and Exchange Commission (SEC) and the Central Bank of Nigeria (CBN). Once completed, the capital raise will further strengthen UBA’s balance sheet, positioning the bank to meet the CBN’s recapitalisation requirements and support its growth ambitions.
Market analysts say the successful Rights Issue demonstrates strong investor confidence in UBA, reflecting the bank’s robust performance and strategic vision. The additional capital will not only enhance regulatory compliance but also enable UBA to fund expansion initiatives, improve liquidity, and maintain its competitive edge in Nigeria and across its pan-African network.
With this exercise, UBA joins other leading Nigerian banks in proactively boosting capital buffers, ensuring resilience in a challenging economic environment and sustaining long-term shareholder value
