The United Bank for Africa (UBA) Group Plc market value has increased to N1.3 trillion in the equities segment of the Nigerian Exchange (NGX) on the back of a sustained rally.
The Pan-African financial services group share price rose near record high in 12 months, according to data from the Nigerian Exchange, settling at N38 on Thursday.
More than 20 million shares were traded at a total value of N775.568 million in the local bourse as investorsβ appetite for diversified banking groupβs stock increased.
After a 66 basis point increase in the group share price, UBA is now fairly close to its 52-week high of N38.4 as the market anticipates the release of fourth quarter earnings and capital raise results.
Analysts said the market value of UBA would grow in line of the trend in the banking sector after it release details of the amount raised from its offers.
PAUL LUCKY OKOKU π π¨π« ππ‘π ππ’π«π¬π ππ’π¦π π’π§ π‘π’π¬ππ¨π«π², ππ’π ππ«π’πβπ¬ π π₯ππ¦π’π§π π¨π¬ ππ«π π π¨π’π§π …
CYRIACUS IZUEKWEΒ A 31-year-old man, Badmus Monsuru, has been remanded at the Correctional Centre, Kirikiri…
OMOGBOLAHAN L.A. BABAWALE pp When a prominent national newspaper, boasting an extensive readership and considerable…
Every culture has traditions that tell its story, and in Onitsha, Anambra State, the Ofala…
Wema Bank, Nigeriaβs oldest indigenous bank and pioneer of Africaβs first fully digital bank, has…
MICHAEL AKINOLAΒ Laughter Incorporated Ventures has announced that the grand finale of the 2026 Laffmattazz…