UBA raises N239.4 billion to boost capital and expand, offering new shares to shareholders.

United Bank for Africa (UBA) is raising N239.4 billion through a rights issue to boost its regulatory capital and expand operations. Shareholders can buy one new share for every five existing shares at N35 each. The funds will support lending, digital investments, sustainability, and African expansion, aligning with Nigeria's increased capital requirements for banks.

November 15, 2024
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