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banks recapitalisation

UBA Seeks To Raise N157.8bn Through Rights Issue 

In its quest to meet the Central Bank of Nigeria’s new capital requirements, the United Bank for Africa (UBA) has declared its intention to raise N157.8 billion by means of a rights issue. This was disclosed in a statement signed by the
July 17, 2025
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CBN And The $1 Trillion Economy

The Central Bank of Nigeria (CBN) has keyed into the $1 trillion economy envisioned by President Bola Ahmed Tinubu by 2030. And the global management consulting firm, McKinsey and Co. is sanguine about the economy. McKinsey had projected that the economy would
May 15, 2025
Recapitalization: Banks In Last Lap To Meet Deadline

Recapitalisation: Banks In Last Lap To Meet Deadline

With only 15 months left for banks to meet the deadline for the new share capital benchmarks, the Central Bank has warned that the March 2026 deadline will not be shifted. Speaking to this writer, a CBN director said, “The idea of
December 27, 2024
UBA FY 2024: Profit Rises To ₦766.6 billion, Declares N3.00 Kobo Final Dividend
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UBA To Raise N239.4bn Through Rights Issue

United Bank for Africa (UBA) Plc, has announced plans to raise N239.4 billion through a Rights Issue of 6,839,884,274 ordinary shares of 50 kobo each at N35.00 per share. The Rights Issue, which opened on Friday, 15th November 2024, gives existing shareholders
November 15, 2024
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