United Bank for Africa (UBA) has successfully raised N178.3 billion through a rights issue, taking its capital base above the N500 billion minimum required for Tier 1 banks with international licenses.
This is according to information released by the bank following the conclusion of its rights issue in September 2025.
The new capital raise builds on a prior N239 billion raised in November 2024, which had previously brought UBA’s capital to N355.2 billion.