December 8, 2022

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We’re increasing our companies past Africa – UBA


Group Managing Director of United Financial institution of Africa (UBA), Oliver Alawuba has revealed that the plans of the tier one financial institution is to additional increase past Africa its companies to extend capital influx into Nigeria.

Alawuba who disclosed this on the financial institution’s closing gong ceremony on the ground of the Nigerian Trade Restricted (NGX) lately, stated UBA is effectively positioned to leverage its elevated visibility and pan-African options to extend shareholders’ worth persistently.

“We’re increasing our companies past Africa, bringing in capital influx and funding into Nigeria and Africa, Africa constitutes over 50 p.c of our income and we are going to do extra” he stated.

“We pays extra dividends and develop our capital base. The financial institution has a future and we are going to proceed to make sure that the shares of UBA proceed to develop.”

On his half, Temi Popoola, CEO of NGX, inspired UBA and different

non-public issuers to utilise the NGX platform in assembly future financing must assist their enterprise enlargement consistent with their total company technique.

He emphasised the digital technique of the Trade and its dedication to leveraging know-how to drive retail participation and enhance liquidity available in the market.

He stated the profitable introduction of the primary digital supply platform attracted a considerable amount of retail participation, encouraging UBA to make the most of the digital platform for future fairness capital formations and to broaden its shareholding construction.

UBA has subsidiaries in 20 African nations and workplaces in London, Paris and New York. In December 2021, UBA obtained its banking license to begin operations within the UAE.

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