Africa is definitely rising on all fronts and investors frequently have questions on the go
Frequently Asked Questions
UBA shares are listed on the Premium Board of the Nigerian Stock Exchange, with ticker symbol as “UBA”. The Bank also has an OTC-traded GDR programme (through The Bank of New York Mellon) which enables foreign institutional investors to hold and trade UBA shares without having to expatriate funds into Nigeria. Additional information on the GDR is available here
You will need the assistance of a licensed stockbroker to purchase UBA’s shares on the Nigerian Stock Exchange (NSE). You can access a list of stockbrokers licensed by the Nigerian Stock Exchange here. The applicable steps are summarised below:
- Step 1: Approach a licensed stockbroker to open a brokerage account, together with a Central Securities Clearing System (CSCS) account
- Step 2: Submit required documents to the stockbroker
- Step 3: Fund your brokerage account
- Step 4: Submit your ‘BUY’ trade order through your stockbroker
Historical annual and interim financial reports of the Bank can be downloaded here.
The Bank holds its AGM two or three months after the financial year ends. The exact dates are typically announced by the Company Secretary through a press release.
The Premium Board is the newly created platform for elite companies that meet the most stringent corporate governance and listing standards of the Exchange.