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  - WORLDSTAGENEWS.COM - A La Une - 17/Jul 21:58

UBA set to raise N157b through rights issue

WorldStage Newsonline– United Bank for Africa Plc (UBA) has announced plans to raise N157 billion through a rights issue. The bank in a notice to the Nigerian Exchange Ltd (NGX)  on Thursday said that its stock brokers, United Capital Securities Ltd., had submitted an application to the Nigerian Exchange Ltd. to that effect. It added its stock brokers had requested for approval and listing of a Rights Issue of 3,156,869,665 ordinary shares of 50 Kobo each at N50.00 per share “Trading License Holders are hereby notified that United Bank for…

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