Nigeria : UBA surpasses $340M minimum capital requirement after listing 3.16B shares

On January 17, 2026, United Bank for Africa (UBA) Plc exceeded the Central Bank of Nigeria’s (CBN) minimum capital threshold of 500 billion nairas ($340M) following the listing of 3.16 billion additional ordinary shares on the Nigerian Exchange Limited (NGX). This move strengthens UBA’s financial position and its capacity to expand banking services across Africa.