20 years after last seeking a new capital injection, there is a good chance that United Bank for Africa Plc could unveil its recapitalization offer.

The recapitalization exercise will offer UBA Plc the opportunity to recapitalize its Nigerian parent company and the African subsidiaries that have gradually increased their contributions to its net and gross results over the years, in addition to 39; significantly expand the group's balance sheet, in accordance with the directive of the Central Bank of Nigeria (CBN). The latest quest for new funds was inspired by the Central Bank of Nigeria (CBN), which ordered all banks to increase their minimum paid-up capital and increase their room for manoeuvre, thus cushioning the effects of the massive devaluation of the naira that had eroded their capital. It will also be a question of strengthening the capacity of Nigerian banks to carry out larger transactions and to better compete with foreign players on the local market and more particularly on the continental market, where many of them now have branches

This new capital raise will allow the UBA Group to support African economies and expand its pan-African strategy beyond the banking sector and by deepening its investments. It will enable the Group to significantly improve the contributions of the Group, which will be better able to take on large-scale transactions in key and capital intensive sectors on the continent, such as energy, agriculture, infrastructure, infrastructure, transport, telecommunications and education, as a true partner.