The Nigerian Exchange Limited NGX has admitted an additional 3.16 billion ordinary shares of United Bank for Africa UBA Plc, to its Daily Official List, signalling a major enhancement of the bank's market capitalisation whilst also deepening liquidity on the capital market.
The NGX noted this in a confirmatory letter to the bank, dated January 12, 2026, and signed by Head, Issuer Regulation Department at NGX, Godstime Iwenkehai, who explained that the additional shares were listed following the successful conclusion of UBA's recent rights issuance exercise.
"Following the submission of all post-approval documents, please be informed that United Bank for Africa Plc's Rights Issue of 3,156,869,665 ordinary shares of 50 Kobo each at N50.00 per share on the basis of one new ordinary share for every 13 ordinary shares held were formally listed on the Daily Official List of Nigerian Exchange Limited NGX on , Monday, 12 January 2026", Iwenkehai stated in the letter.
