UBA - United Bank for Africa

Sep 29, 2023 at 15:08 Twitter · Facebook

UBA share price on Nigerian Stock Exchange

United Bank for Africa (UBA) PLC is a leading pan-African financial services group with presence in 20 African countries, France, UK, and US. The Company offers banking, pension fund custody, and other financial services to customers in retail, commercial, and corporate segments of the African market. UBA has its origin from 1948 when the British and French Bank (BFB) commenced business in Nigeria. Following the country’s independence from Britain, UBA was incorporated in 1961 to take over the business of BFB. The Bank subsequently listed its shares on the Nigerian Stock Exchange in 1970, becoming the first Nigerian Bank to undertake an IPO.

UBA operates through three major segments: (1) The Corporate Banking segment offers financial solutions to multinationals, regional and state-owned companies, financial institutions, and non-governmental organizations. (2) The Retail and Commercial Banking segment deals with the provision of commercial banking products and services to the middle and retail segments of the financial market. (3) The Treasury and Financial Markets segment comprises of financing and risk management solutions and advisory services for corporate and institutional customers.

United Bank for Africa is listed on the Nigerian Stock Exchange (NGX) since March 31st, 1970. United Bank for Africa is traded on the NGX under the ticker symbol “UBA”. The International Securities Identification Number (ISIN) of NGX:UBA is NGUBA0000001. United Bank for Africa is currently the 14th most valuable stock on the NGX with a market capitalization of NGN 575 billion, which is about 1.58% of the Nigerian Stock Exchange equity market.

UBA Stock Market Performance

The current share price of United Bank for Africa (UBA) is NGN 16.80. UBA closed its last trading day (Friday, September 29, 2023) at 16.80 NGN per share on the Nigerian Stock Exchange (NGX), recording a 4.3% gain over its previous closing price of 16.10 NGN. United Bank for Africa began the year with a share price of 7.60 NGN and has since gained 121% on that price valuation, ranking it 27th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about UBA knowing the stock has accrued 20% over the past four-week period—sixth best on NGX.

United Bank for Africa is the second most traded stock on the Nigerian Stock Exchange over the past three months (Jul 4 - Sep 29, 2023). UBA has traded a total volume of 3.76 billion shares—in 30,492 deals—valued at NGN 54.8 billion over the period, with an average of 59.7 million traded shares per session. A volume high of 962 million was achieved on July 20th, and a low of 6.39 million on August 25th, for the same period. The table below details the last 10 trading days of activity of United Bank for Africa on the Nigerian Stock Exchange.

Profile of United Bank for Africa Plc

United Bank for Africa Plc was founded on April 23, 1951 and operates in the Financials sector, specifically, the Banking industry. United Bank for Africa contracts an estimated total number of 10,817 employees. The company is led by Kennedy Uzoka as its Group Managing Director/Chief Executive Officer. The company's board of directors, chaired by Tony Onyemaechi Elumelu (60), is composed of 17 members whose names are listed below.

1. Elumelu, Tony Onyemaechi
   Chairman
2. Keshi, Joseph Chiedu (Amb)
   Vice Chairman
3. Uzoka, Kennedy
   Group Managing Director/Chief Executive Officer
4. Alawuba, Oliver
   Deputy Managing Director (Africa)
5. Ayoku, Liadi
   Deputy Managing Director (Nigeria)
6. Ndubisi, Chiugo
   Executive Director, Treasury & International Banking
7. Nweke, Chukwuma
   Executive Director, Group Chief Operating Officer
8. Ike, Uche
   Executive Director, Risk Management, Governance and Compliance
9. Puri, Ibrahim
   Executive Director, North 1 Bank, Nigeria
10. Fasola, Isaac Olukayode
    Non-Executive Director
11. Duke, Owanari
    Non-Executive Director
12. Oni, Samuel
    Non-Executive Director
13. Adebayo, Erelu Angela
    Non-Executive Director
14. Bello, Abdulqadir Jeli (Alhaji)
    Non-Executive Director​
15. Aneke, Angela
    Non-Executive Director
16. Baba, Aisha Hassan
    Non-Executive Director
17. Anyanwu, Caroline
    Non-Executive Director

UBA Industrial Market Competitors

United Bank for Africa Plc, issuers of the UBA stock on the Nigerian Stock Exchange, have a number of market competitors who are also engaged in the Financials sector and/or Banking industry. The table below presents an overview of the market standing of the top 10 by year-to-date performance.

Index of African Stock Exchanges:

1. Botswana Stock Exchange
2. BRVM Stock Exchange
3. Ghana Stock Exchange
4. Johannesburg Stock Exchange
5. Lusaka Securities Exchange
6. Malawi Stock Exchange
7. Nairobi Securities Exchange
8. Nigerian Stock Exchange
9. Uganda Securities Exchange
10. Zimbabwe Stock Exchange