UBA extends N157 billion rights difficulty utility past September 5, declares new deadline

United Bank for Africa (UBA) has introduced an extension of its ongoing rights difficulty utility, initially scheduled to shut on Friday, fifth September 2025.

The disclosure, revealed on the Nigerian Trade and signed by Bili Odum, UBA’s Group Firm Secretary, informs shareholders and most of the people of the revised timeline.

Following approval from the Securities and Trade Fee, the rights difficulty will now shut on nineteenth September 2025.

Explaining the rationale for the extension, UBA said: “That is geared toward offering shareholders with further time to totally train their rights and take part within the Rights Problem.”

This transfer is a part of UBA’s effort to strengthen its capital base in keeping with the Central Bank of Nigeria’s recapitalization directive.

The rights difficulty entails 3,156,869,665 abnormal shares of fifty kobo every, priced at N50 per share, by which the bank intends to lift over N157 billion.

Backstory

In mid-July 2025, United Bank for Africa (UBA) Plc introduced plans to lift over N157 billion by a rights difficulty, in response to a discover from the Nigerian Trade (NGX) to buying and selling license holders.

By means of its stockbroker, United Capital Securities Restricted, the bank submitted an utility to record a rights difficulty of three,156,869,665 abnormal shares of fifty kobo every, priced at N50 per share.

The provide is structured on the idea of 1 new share for each 13 abnormal shares held as of the shut of enterprise on sixteenth July 2025.

This adopted an identical initiative in November 2024, when UBA sought NGX approval for a N239 billion rights difficulty priced at N35 per share.

Investor response was sturdy, with subscriptions totaling N251 billion. Following the provide phrases, the bank accepted N240 billion, lifting its whole capital base to N355.2 billion.

With the newest rights difficulty now prolonged from fifth to nineteenth September, shareholders have further time to take part, supporting sturdy uptake and serving to UBA attain the CBN’s N500 billion capital threshold.

UBA Q1 efficiency

United Bank for Africa (UBA) Plc delivered stable leads to the primary quarter of 2025, posting a pre-tax revenue of N204.27 billion, up 30.65% from the identical interval in 2024.

Internet revenue additionally grew strongly by 33.15%, reaching N189.84 billion, in comparison with N142.58 billion in Q1 2024.

A key driver of this efficiency was curiosity earnings, which rose 36.09% year-on-year to N599.83 billion. The breakdown reveals:

Earnings from loans and advances grew 31% to N260.56 billion, accounting for 43.44% of whole curiosity earnings.
Earnings from funding securities jumped 44.96% to N291.86 billion, making up 48.66% of the overall.
Earnings from money balances rose 17% to N47.42 billion, contributing 7.9%.

UBA additionally recorded wholesome non-interest earnings, led by charges and commissions. Notable figures embrace: