UBA Capital Plc is a group of companies that comprises of five operating businesses with its focused on investing banking, asset management trusteeship, stockbroking and life insurance.
UBA Capital Plc. has expressed optimism that the listing of the company in the Nigerian Stock Exchange would help expand the frontiers of investment opportunities in the Nigerian Capital market. The Group Chief Executive Officer, Mr Rasheed Olaoluwa told shareholders at the twin listing of four billion shares at N1.16 per share and one billion ordinary shares of 50 kobo each at N1.59 in the name of UBA Capital Plc. and Africa Prudential Registrars Plc.
“We are pleased to have the opportunity of becoming a part of the market community by virtue of our company’s admission to the daily official list of the NSE. The listing of two former member companies of UBA Plc represents a key milestone for the capital market. “It is the first time in the Exchange’s recent history that two companies will be listed simultaneously from the same parent. Our experience across Africa will strengthen our origination and distribution capacity.”
Specifically, Olaoluwa said the company has strong significant potentials to drive the huge infrastructure financing opportunities and the influx of foreign investments to Nigeria, adding, “this would naturally create a wide range of capital market and advisory deal opportunities.” According to him, UBA Capital comprises of the erstwhile non-commercial banking businesses of UBA Plc, its former parent company, even as UBA capital is currently held directly by individuals and institutional shareholders.
Olaoluwa assured that the company would leverage on its strong, diversified portfolio to drive growth and enhance its profitability, in order to consistently deliver better returns to shareholders.
Similarly, the Managing Director of Africa Prudential Registrars Plc, Mr Peter Ashade explained that the company is a leading share registration service provider in Nigeria, in terms of automation and innovation among all corporate registrars in the country. He noted that the company has become a pacesetter in the infusion of technology to the conventional share registration business model.
