United Bank for Africa.
United Bank for Africa is a Nigeria-based financial services company that is listed on the Nigerian Stock Exchange (NGX) and offers banking products and services to the personal, commercial, and corporate sectors.
United Bank for Africa stocks at a glance.
🏢 Stock Name United Bank for Africa 🌐 Country Nigeria 🏛️ Stock Exchange NGX 📇 Stock Symbol UBA 💰 Currency NGN 📈 52 Week High 8.80 📉 52 Week Low 6.75.
The history of the United Bank for Africa PLC can be traced back to 1949 when the company was established, and it was listed on the Nigerian Stock Exchange (NGX) on March 31, 1970.
What is United Bank for Africa.
Today, United Bank for Africa PLC has a diversified portfolio in more sectors of the Financials value chain and renders the following services: transactional accounts, overdrafts, and mortgage finance to domiciliary deposits, treasury services, asset management services, bonds, money market deposits, and risk management solutions. United Bank of Africa Plc supports the agricultural sector through an agricultural credit support scheme which includes agro-processing, an out-growers scheme, equipment and mechanization scheme, and a tree crops replacement scheme.
United Bank for Africa PLC’s equity stocks is for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol UBA.
United Bank for Africa PLC currently has an extensive network of some 1 000 branches in the major towns and cities of Nigeria.
United Bank for Africa PLC has its headquarters at 57 Marina, Lagos Island, Lagos, Nigeria.
The current CEO of United Bank for Africa PLC is Kennedy Uzoka.
United Bank for Africa PLC has more than 20,000 employees.
United Bank for Africa PLC forms part of the Banking Industry and the Financials Sector.
United Bank for Africa stock performance.
The most recent or current price for United Bank for Africa PLC stocks is 7.90 Nigerian Naira (NGN). The company has a total market capitalization of 270 Billion NGN and a total of 34.2 Billion shares are outstanding.
With an increase of earnings per share and consistent profits over a period, investors who want to buy or sell United Bank for Africa PLC stocks can look forward to more lucrative dividends and earnings in times to come.
According to an analysis on the live chart of United Bank for Africa PLC, analysts forecast possible further improved performance for the Financials sector with a growing market share as trading volumes increase.
Highlights of United Bank for Africa.
United Bank for Africa PLC started the year 2021 with a share price of 8.65 NGN, and it has since lost 8.67 % in value on its price valuation, thereby ranking 121st on the NGX where its year-to-date performance is concerned.
United Bank for Africa PLC is currently the sixth most-traded stock on the NGX and it has experienced a total trading volume of more than 712 million shares, which were finalized in 11,230 deals and were valued at a total of 5.82 billion NGN over three months between September and December, with an average of 11.3 million shares in each trading session.
The highest volume shares traded on one single day was 60 million, achieved on October 28.
How to buy United Bank for Africa stocks – Step by Step.
The stock market is still one of the most attractive financial markets that sees millions of retail investors and traders’ participation daily.
To buy, sell or trade United Bank for Africa PLC stocks, traders and investors can follow a few 6 simple steps:
Step 1 – Find the share that you want to buy, in this case, “UBA”. Step 2 – Select a forex broker that offers access to the Nigerian Stock Exchange (NGX). Step 3 – Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan. Step 4 – Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account. Step 5 – You are now ready to make your first share purchase through the broker. Step 6 – You can further start to build and diversify your portfolio by buying more shares.
Frequently asked questions.
What is the NGX?
The Nigerian Stock Exchange (NGX), officially known as the Nigerian Exchange Group, comprises the leading integrated market infrastructure in Africa that is servicing the Nigerian economy – the continent’s largest. The NGX provides capital access to companies that are seeking to gain the support of the financial markets to fund their business expansion.
Similarly, NGX offers its pool of domestic, regional, and international investors an assortment of regulated securities to in turn achieve their investment objectives.
Since March 2021, the former Nigerian Stock Exchange was demutualized from a member-owned not-for-profit entity into a shareholder-owned, profit-making entity called the Nigerian Exchange Group Plc.
NGX publishes the standard, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100. The ASI tracks the general market movement of all listed equities on the Exchange, including those listed on the Growth Board, regardless of capitalization.
Additional indices include the NGX30 and NGX50 which correspondingly track the top 30 and 50 companies in terms of market capitalization and liquidity. Both of these indices, in which only fully paid-up common shares are admitted, are weighted by adjusted market capitalization.
On which stock exchange does United Bank for Africa PLC have shares for sale?
United Bank for Africa PLC trades its equity on the Nigerian Stock Exchange (NGX) under the stock symbol UBA.
What type of company is United Bank for Africa PLC?
United Bank for Africa PLC is a Nigeria-based financial services company that is listed on the Nigerian Stock Exchange (NGX) and offers banking products and services to the personal, commercial, and corporate sectors.
In which industry and sector does United Bank for Africa PLC operate?
United Bank for Africa PLC forms part of the Banking Industry and the Financials Sector.
What is the price of the United Bank for Africa PLC shares today?
At the time of writing, the current price of the United Bank for Africa PLC shares was 7.90 NGN.
Is United Bank for Africa PLC a good investment?
United Bank for Africa PLC’s forecast indicates possible further growth and improvement from the second half of 2021, with investors expecting lucrative or more profitable dividends and returns with increased financial performance.
What is the risk analysis for United Bank for Africa PLC stocks?
United Bank for Africa PLC experienced a decrease of 8.67 % in the value of its stocks over the past year.