Nigeria’s UBA to Raise Additional Capital, Start France Unit

Nigeria’s UBA to Raise Additional Capital, Start France Unit

Nigerian lender United Bank for Africa Plc plans to raise 144.8 billion naira ($90.2 million) in additional capital this year, as it aims to meet the central bank’s new threshold and expand into more countries.

UBA to Raise N144.8bn to Meet Recapitalization Target, Expand Footprint into France and Saudi Arabia

United Bank for Africa Plc (UBA) has announced plans to raise N144.8 billion ($90.2 million) in additional capital this year as part of its strategy to meet the Central Bank of Nigeria’s new recapitalization requirements and drive expansion into new international markets. This latest capital raise comes on the heels of an N240 billion rights […] The post UBA to Raise N144.8bn to Meet Recapitalization Target, Expand Footprint into France and Saud…

UBA charts bold global expansion, eyes 1bn customers

United Bank for Africa (UBA) Plc has unveiled a bold new vision to transform itself into a truly global African institution, announcing plans to expand its footprint to over 100 countries and grow its customer base to more than one billion people over the next 75 years. The ambitious roadmap was revealed over the weekend by Dr. Oliver Alawuba, Group Managing Director/Chief Executive Officer of UBA Plc, during his opening remarks at the UBA @75 a…

From Côte d'Ivoire, the Nigerian group, also present in Senegal, Mali, Burkina Faso and Benin, is highly offensive in the extractive sector, allowing it to show strong growth throughout the area.

UBA targets N144.8bn capital raise as base hits N355bn in 2024 – Businessamlive

Shareholders approve N3.00/share dividend Onome Amuge Tony Elumelu, chairman, UBA United Bank for Africa (UBA) Plc has announced a significant strengthening of its capital base, reaching N355.2 billion, as the pan-African lender progresses towards meeting the Central Bank of Nigeria’s (CBN) newly mandated N500 billion minimum capital requirement for commercial banks with international authorisation. Group Chairman Tony Elumelu, issued the disclo…

UBA Moves To Raise ₦144.8 Billion After ₦240 Billion Rights Issue

United Bank for Africa (UBA) Plc plans to raise an additional ₦144.8 billion this year as the lender works to meet the Central Bank of Nigeria’s new capital requirement and support its international expansion strategy. The latest fundraising effort follows a successful ₦240 billion rights issue which brings UBA closer to the ₦500 billion minimum […] The post UBA Moves to Raise ₦144.8 Billion After ₦240 Billion Rights Issue appeared first on Inve…