United Bank for Africa Plc, the Nigerian lender whose shareholders last month approved a restructuring plan, surged the most in more than six years after its commercial banking business was listed on the local bourse. The stock jumped 9.8 percent to 5.14 naira by the close in in Lagos, Nigeria’s […]
Tag: United Bank for Africa Plc
Fitch, GCR Assign UBA Positive Ratings
The United Bank for Africa (UBA) Plc has said it was given impressive ratings by two leading rating agencies- Global Credit Rating Company (GCR) and Fitch Ratings (Fitch). A statement from the bank at the weekend said the ratings attested to the group’s strong liquidity, solid risk management and robust […]
NSE to Suspend Trading on UBA Shares over Restructuring
The Nigerian Stock Exchange (NSE) will place a full trading suspension on the shares of United Bank for Africa (UBA) Plc at the stock market from January 2 to 4, 2013 to enable the bank concludes its restructuring process. Shareholders of the bank recently approved a new commercial banking structure […]
