The Digest:
United Bank for Africa has exceeded the Central Bank of Nigeria’s N500 billion minimum capital requirement following the completion of its second rights issue tranche. The bank achieved the milestone well before the March 2026 deadline
Key Points:
- UBA’s capital base now exceeds the CBN’s N500 billion threshold.
- The second tranche of its rights issue added N157 billion in capital.
- The bank’s share capital and premium stood at about N350 billion mid-2025.
- Chairman Tony Elumelu assured shareholders of early compliance in 2025.
- The rights issue was oversubscribed by N11.6 billion.
- Proceeds will fund digital infrastructure and international expansion.
- UBA opted for a rights issue to protect existing shareholder value.
Sources: UBA Announcement, Leadership
