💳 UBA’s Rights Issue Extension: Winners, Losers & What It Really Means

Nigeria’s banking chessboard just got another big move. UBA Plc isn’t slowing down—they’ve stretched their massive ₦157.84bn rights issue by two weeks. New closing date? September 19, 2025.

Let’s break it down fast, Konnect.Africa style:

What’s Happening?

UBA is offering 3.15 billion shares at ₦50 each.

Goal: boost capital to meet new Central Bank (CBN) rules.

Proceeds? Pumped straight into lending, branch expansion, and digital upgrades.

The Winners

Shareholders: Extra time to grab their slice before the window shuts.

UBA itself: More fuel for growth + tech = stronger market muscle.

Customers: Expect better banking experiences, less “network wahala.”

The Losers

Hesitant investors: Delay too long, and you might miss out on value growth.

Competitor banks: UBA is stacking capital faster than most, raising the competitive heat.

Why It Matters

This isn’t UBA’s first rodeo. They already pulled in ₦239.4bn in December 2024. Tony Elumelu and co. clearly believe lightning can strike twice. Analysts agree: subscription is likely to be hot.

Bottom line? UBA’s playing long-term, and this rights issue could be a market confidence flex.

Foxxymobile Investment Services: helping you see through the noise, spot the winners, and dodge the losers.

Anonymous

Sponsored Advertisements

💳 UBA’s Rights Issue Extension: Winners, Losers & What It Really Means

Foxnews