UBA to Raise N157 Billion Through Rights Issue to Bolster Capital and Growth
United Bank for Africa Plc (UBA) has unveiled plans to raise N157 billion via a rights issue, as part of its strategy to reinforce its capital base and drive expansion across Africa.
The bank disclosed this in a notice submitted to the Nigerian Exchange Limited (NGX) on Thursday. According to the statement, UBA’s stockbrokers, United Capital Securities Limited, have filed an application with the NGX seeking approval and listing of a rights issue comprising 3,156,869,665 ordinary shares of 50 Kobo each, to be offered at N50 per share.
UBA stated that the rights issue would be offered on the basis of one new ordinary share for every 13 existing shares held by shareholders as of the close of business on Wednesday, July 16, 2025.
“Trading License Holders are hereby notified that United Bank for Africa Plc, through its Stockbrokers, United Capital Securities Ltd., has submitted an application to the Nigerian Exchange Ltd.,” the notice read.
The offering, once approved, is expected to provide UBA with additional capital to support its growth initiatives and enhance its operational resilience across its pan-African and global markets.
