Tag: Nigerian Banks
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UBA Closes Rights Issue, Raises N157.8 Billion with Full Subscription
UBA closes rights issue with full subscription, raises N157.84 billion The United Bank for Africa (UBA) has announced the successful closure of its rights issue, securing a total of N157.84 billion from investors and achieving a full subscription rate. In its official results released on Wednesday, the bank disclosed that the offering comprised 3,156,869,665 ordinary…
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UBA closes rights issue, raises N157bn to boost capital and lending
UBA closes rights issue to strengthen capital base The United Bank for Africa (UBA) has successfully closed its rights issue, signaling a strong reception from investors and a robust appetite for capital expansion. The Nigerian financial institution announced a full subscription, with total proceeds reaching approximately 157.84 billion Nigerian naira from the offering. The success…
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Fidelity Bank Names Amaka Onwughalu New Board Chairman
Fidelity Bank appoints Amaka Onwughalu as new Board Chairman Fidelity Bank Plc has announced the appointment of Mrs. Amaka Onwughalu as the new Chairman of its Board, succeeding Mr. Mustafa Chike-Obi who completed his tenure. The decision, which aligns with the bank’s governance framework and strategic roadmap, marks a significant milestone for the Lagos-based financial…