NGX Boosts Market Liquidity with 3.16 Billion UBA Shares Listing
Nigerian Exchange Limited (NGX) has taken a significant stride in deepening market liquidity and reinforcing investor confidence by admitting an additional 3.16 billion ordinary shares of United Bank for Africa (UBA) Plc to its Daily Official List. This fresh listing, confirmed in a letter dated January 12, 2026, reflects the successful completion of UBA’s rights issue exercise and is poised to broaden the bank’s market capitalisation while enhancing trading depth on the Nigerian bourse.
In the formal communication signed by Godstime Iwenkehai, Head of the Issuer Regulation Department at NGX, the exchange outlined that the newly listed shares — each valued at 50 kobo and offered at N50.00 per share on the basis of one new share for every thirteen ordinary shares held — were officially admitted on the NGX on Monday, January 12, 2026. “Following the submission of all post-approval documents, please be informed that United Bank for Africa PLC Rights Issue… were formally listed on the Daily Official List of Nigerian Exchange Limited (NGX) on, Monday, 12 January 2026,” the letter stated, signalling the culmination of the post-issue processes.
Moreover, With the recent capital raise, UBA now comfortably exceeds the N500 billion minimum capital requirement for internationally authorized banks stipulated by the Central Bank of Nigeria (CBN), underlining its strengthened financial position ahead of competitive pressures in the region.
UBA’s Group Managing Director and Chief Executive Officer, Oliver Alawuba, welcomed the NGX’s confirmation with a statement that resonated with optimism and strategic intent. “We welcome the formal confirmation from NGX on the listing of our rights issue shares. This successful transaction reflects strong investor confidence in UBA’s financial strength, governance, and growth strategy. Needless to say that the additional capital will further support our Pan-African and global expansion, and enhance our capacity to deliver sustainable value to all stakeholders,” Alawuba said, capturing the broader market sentiment around the exercise.
In addition, Investors and stakeholders across the financial ecosystem are now closely monitoring how this expanded capital base will translate into operational leverage for UBA, particularly in supporting its Pan-African network and digital banking initiatives. As the bank leverages this capital infusion towards growth strategies, the broader Nigerian capital market stands to benefit from improved participation and deeper price discovery — a development that reinforces NGX’s role as a catalyst for market maturation and investor engagement.
The ripple effects of the 3.16 billion UBA share listing will likely influence trading behaviour, portfolio allocations, and confidence in Nigeria’s equities market in the months ahead.
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