The United Bank for Africa Plc (UBA) has officially opened its ₦157.8 billion Rights Issue, offering 3,156,869,665 new Ordinary Shares at ₦50.00 per share. The offer, on the basis of one new share for every thirteen held, is open to eligible shareholders and will close on Wednesday, September 5, 2025.
This strategic move is aimed at strengthening the bank’s capital base, expanding digital infrastructure, and enhancing its reach across Africa and beyond.
UBA Group Managing Director/CEO, Mr. Oliver Alawuba, said the capital raise is part of the bank’s long-term plan to deepen operations in high-growth markets.
“This Rights Issue is a signal of confidence in our next phase of growth. It allows shareholders to invest directly in our digital transformation, trade finance leadership, and regional expansion,” Alawuba stated.
The bank recently reported over ₦200 billion in profit-before-tax for the first half of 2025, reflecting strong fundamentals ahead of this fundraising effort.
Experts have praised the move. Mrs. Funke Ogundare, an analyst with Vetiva Capital, described the offer as “fairly priced” and aligned with shareholder interests.
“This is a well-timed issuance. The bank’s strong earnings and dividend record support investor confidence,” she said.
Dr. Nnamdi Eze of Afrinvest added that the Rights Issue builds on UBA’s 2008 legacy when it raised capital to navigate global economic uncertainty and expand regionally.
“This is UBA revisiting a proven growth model—but this time, with even stronger fundamentals,” Eze said.
Analysts say the proceeds will also help the bank meet increasing regulatory requirements and stay ahead of market changes.
Shareholder sentiment remains positive. “UBA has always delivered value when it calls on us,” said Mrs. Grace Ogbodo, a long-time shareholder. “This is another opportunity to grow with the bank.”
UBA Chairman, Mr. Tony Elumelu, has described the Rights Issue as “an invitation to invest in Africa’s banking future.”
With the September 5 deadline in view, shareholders are advised to contact their stockbrokers or visit the bank’s investor portal to subscribe.
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