United {Bank} for Africa (UBA) has efficiently raised N178.3 billion via a rights situation, taking its capital base above the N500 billion minimal required for Tier 1 banks with worldwide licenses.
That is in response to info launched by the {bank} following the conclusion of its rights situation in September 2025.
The brand new capital elevate builds on a previous N239 billion raised in November 2024, which had beforehand introduced UBA’s capital to N355.2 billion.
UBA disclosed that it acquired 6,404 legitimate acceptances for 3,566,081,624 shares, valued at N178.3 billion in the course of the rights situation, which closed on Friday, 19 September 2025.
Out of the legitimate functions, 6,399 had been commonplace rights situation functions, and 5 had been from traded rights totaling 10,462 shares.
Invalid functions totaled 568,666,066 shares valued at N28.43 billion, bringing the whole (legitimate and invalid) to 4,134,747,690 shares.
Full acceptances got here from 6,293 submissions masking 453,578,211 shares, whereas partial acceptances totaled 106 functions for 135,274,777 shares.
The traded rights accounted for five NGX transactions in the course of the acceptance interval, with 10,462 shares price N523,100.
The rights situation was provided at N50 per share for 3,156,869,665 unusual shares of fifty kobo every to shareholders listed on the register as of 16 July 2025.
PAC Registrars and Investor Providers Restricted, the registrar for the rights situation, will credit score CSCS accounts by 7 February 2026 and refund surplus subscription funds by 13 January 2026.
UBA had earlier raised N239 billion in November 2024, boosting its capital base to N355.2 billion on the time.
With this newest N178 billion raised, UBA has now exceeded the Central Bank of Nigeria’s N500 billion recapitalization requirement for worldwide banks, though an official affirmation remains to be pending.
This positions UBA among the many first banks to fulfill the brand new capital guidelines forward of the 2026 deadline.
Reaching the N500 billion capital base threshold enhances UBA’s capability to compete as a Tier 1 {bank}, fund large-scale tasks, and increase throughout its worldwide footprint.
It additionally sends a optimistic sign to the broader {financial} markets and buyers assessing the well being of Nigerian banks.
In accordance with the Register of Shareholders as at 30 June 2025, no shareholder held greater than 5% of the {bank}’s share capital besides:
Heirs Holdings Restricted – 2,115,222,826 shares (5.15%)
UBA Nominees – 2,571,584,621 shares (6.27%)
Heirs Holdings Restricted is owned by Nigerian billionaire Tony Elumelu, who additionally serves as UBA’s Chairman.
In its 9-month unaudited outcomes for 2025, UBA reported a revenue of N537.5 billion, up 2.33% from N525 billion in 2024.
Gross earnings additionally elevated by 2.96% to N2.5 trillion in 9M 2025, pushed largely by curiosity revenue.
The Central Bank of Nigeria’s recapitalization directive requires worldwide banks to fulfill a N500 billion minimal capital base by March 2026.
