National Economy
Tuesday, July 1, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home News

Tony Elumelu Acquires Additional 1.268bn Shares In UBA

by Olushola Bello
3 weeks ago
in News
Reading Time: 1 min read
Tony Elumelu Acquires Additional 1.268bn Shares In UBA
Share on FacebookShare on TwitterShare on Telegram

The chairman of the United Bank for Africa (UBA), Tony Elumelu has acquired 1.268 billion shares valued at N43.9 billion in the financial institution within two days.

This was disclosed in a regulatory filing to the Nigerian Exchange Group (NGX) signed by the Group company secretary, Bili Odum. According to the filing, the transactions took place between May 29 and May 30, 2025.

It added that, “Elumelu acquired a total of 1.268 billion shares at an average price of N34.64 per share, bringing the total value of shares bought to N43.91 billion.

“Details of the transactions showed that the billionaire businessman bought 50 million shares at varying prices of N34.70, N34.65, N34.75, and N34.55 as well as 17.669 million shares at N34.70 per share.”

You May Like

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force  

This is the second time the mogul will acquire UBA shares in May. On May 23, Elumelu bought 45.034 million shares at N34.3 per share, bringing the value of that transaction to approximately N1.53 billion.

The development comes as UBA prepares to raise additional capital, following the Central Bank of Nigeria’s directive requiring commercial banks with international licences to increase their capital base to N500 billion.

On April 25, the UBA chairman said, the bank would raise N144.8 billion in the third quarter (Q3) of 2025 to add to its current capital base of N355.2 billion.

He assured that the full capital raise would be completed before the CBN’s deadline.

“Our goal is to continue to build strong brand loyalty with our customers and create additional value for our shareholders, whose underlying support has positioned UBA for continued growth,” Elumelu said.

Tags: Tony Elumelu Acquires Additional 1.268bn Shares In UBA
ShareTweetShare
Previous Post

Nigeria Loses $8.8bn Annually To Informal Economy – AfDB

Next Post

NCC Shifts USSD Billing To Airtime Amid N250bn Debt Dispute

ANOTHER GOOD READ

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist
News

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

21 hours ago
Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force   
News

Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force  

22 hours ago
KEDCO To Commission  N1.1bn Dawanau Network Expansion Project
News

KEDCO To Commission N1.1bn Dawanau Network Expansion Project

23 hours ago
Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia
News

Oil Prices Uncertainty Frustrates Nigeria’s $5bn Loan Deal With Saudi Arabia

23 hours ago
MTN Foundation, NDLEA Lead Charge Against Substance Abuse
News

MTN Foundation, NDLEA Lead Charge Against Substance Abuse

23 hours ago
High Rent Fees Forces Low Income Families To Live In Subpar Housing
News

High Rent Fees Forces Low Income Families To Live In Subpar Housing

24 hours ago
Next Post
NCC Shifts USSD Billing To Airtime Amid N250bn Debt Dispute

NCC Shifts USSD Billing To Airtime Amid N250bn Debt Dispute

Most Recent

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

Senator Jibrin Barau @66: Footprints Of A Political Powerhouse And Philanthropist

June 30, 2025
Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force   

Obasa: Chronicling A Decade Of Commanding Legislative Tour De Force  

June 30, 2025
17 States Confirm Plans To Host Olympic Day

17 States Confirm Plans To Host Olympic Day

June 30, 2025
NSC Commends Akeredolu For Driving Nigeria’s Flag Football Success

NSC Commends Akeredolu For Driving Nigeria’s Flag Football Success

June 30, 2025
We Are Ready To Host CAA U18/U20 Championships – LOC

We Are Ready To Host CAA U18/U20 Championships – LOC

June 30, 2025
PFL  Event: Ukah Eyes Thrilling Debut Against South African Ceileigh

PFL Event: Ukah Eyes Thrilling Debut Against South African Ceileigh

June 30, 2025
Unlocking Africa’s Manufacturing Potential In Global Trade Networks

Unlocking Africa’s Manufacturing Potential In Global Trade Networks

June 30, 2025
Driving Aviation Growth Through Regional Collaboration

Driving Aviation Growth Through Regional Collaboration

June 30, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy