- UBA CEO Oliver Alawuba boosts his stake in the bank to 1.44 million, acquiring an additional 39.38 million shares in H1 2024.
- Under Alawuba's leadership, UBA reported a 25.5 rise in comprehensive income, reaching N1.03 trillion 619.42 million in the first half of 2024.
- Alawuba's strategic focus on digital banking and financial inclusion enhances UBA's pan-African dominance, positioning the bank for growth across the continent.
United Bank for Africa Plc UBA Group CEO Oliver Alawuba has boosted his financial position by acquiring more shares in the Nigerian banking group, raising the market value of his stake to 1.44 million N2.36 billion.
Alawuba , who leads one of Africa's most transformative financial institutions, continues to grow both the bank's operations and his personal fortune this year.
Share acquisition expands Alawubas portfolioUBA's interim financial statements for the six months ending June 30, 2023 , reveal that Alawuba acquired an additional 39.38 million shares worth N964.84 million 589,900 between January and June.
His total holding now stands at 96.41 million shares, reinforcing his position among the lender's 283,068 shareholders.
The latest purchase lifts the market value of his stake to N2.36 billion 1.44 million, strengthening his influence among the lender's 283,068 shareholders and solidifying his position as a key player on the Nigerian Exchange NGX.
