At the close of trading of the Nigerian Exchange Ltd. (NGX) on Monday, the bank’s market capitalisation crossed ₦1.02 trillion, making it the third most capitalised financial institution in Nigeria.
This indicated a remarkable lift from ₦283.8 billion recorded by the bank at the beginning of the 2023, with 34.19 billion shares in issue.
The Chairman, UBA Group, Tony Elumelu, in a statement in Lagos, said the feat came amidst the bank’s shares being named as the highest performing stock in the banking sector in 2023. Elumelu stated that this underscored the bank’s robust growth trajectory and unwavering market confidence.
