At N43.55 Per Share, UBA Hits New Record High on NGX
Kayode Tokede
Following massive demand, the stock price of United Bank for Africa Plc (UBA) reached N43.55 per share at the close of trade last Friday, a new record high on the Nigerian Exchange Limited (NGX).
The N43.55 per share brings the Pan-African financial institution market capitalisation to N1.79 trillion.
So far in July 2025, UBA’s stock price has gained 23.02 per cent or N8.15 per share from N35.40 per share it closed for trading the previous month as investors positioned themselves for half year (H1) ended June 2025 interim dividend pay-out.
Investors are optimistic about UBA’s H1 2025 interim dividend pay-out, as the stock has accrued 20 per cent over the past four-week period alone.
UBA’s stock price has appreciated by N9.55 or 28.1per cent Year-till-Date (YtD) from N34 per share it closed for trading in 2024.
Investors in UBA in 2024 reaped a yield of 32.6 per cent or N8.35 per share when its stock price appreciated to N34 per share from N25.65 per share.
The key drivers of UBA’s stock price on the NGX is its impressive 2024 financial performance and first quarter (Q1) ended March 30, 2025 result.
UBA in H1 2024 declared an interim dividend of N2.00 per share and final dividend of N3.00 per share to bring its total dividend for 2024FY at N5.00 per share.
The amount to a pay-out ratio of 26.6 per cent in 2024 from 16.32 per cent in 2023, and a yield of 13.1per cent in 2024 from 10.92 per cent in 2023.
On the back of its recently released 2024 full year financials on the Exchange, UBA again saw its Profit Before Tax (PBT) rising impressively to N204.26 billion in Q1 2025, up by 31 per cent from N156,34 billion in Q1 2024.
Also profit after tax (PAT) jumped from N142.58 billion last year, to N189.84 billion representing a remarkable increase by 33.15 per cent.
The bank’s total assets continued on its upward trend as it increased by 4.58 per cent from N30.23 trillion in December 2024 to N31.71 trillion in March 2025, while shareholders’ funds also rose to N3.7trillion up from N3.4 trillion recorded in December 2024.
The Group Managing Director/CEO, UBA, Mr. Oliver Alawuba at a recent meeting with senior executives in Lagos highlighted the group’s expansion plans, disclosing that the Group is excited about the vast opportunities that the new markets present, a testament to UBA Group’s confidence in the African economy, providing world-class banking services that meet the continent’s evolving needs.
He said, “UBA’s vision is clear – we are building a truly global institution anchored in Africa, but serving customers across continents. Further strategic expansion positions us to unlock new opportunities, support intra-Africa trade, and deliver world-class banking experiences wherever our clients choose to do business.
“In Europe, UBA has operations in the United Kingdom and is upgrading its license in France, expanding its capacity to serve cross-border trade, investment flows, and the African diaspora, complementing our over 40-year presence in New York. These moves signal a clear message of UBA’s intent to reshape the competitive landscape,” Alawuba further said.
