As UBA crosses the ?1 trillion market capitalization threshold, Elumelu is proud

This significant achievement highlights UBA's strong development trajectory and persistent trust in the market.United Bank for Africa (UBA) Plc, the global bank for Africa, has reached ?29.90 per share in share price, joining the group of firms with a market capitalization of over ?1 trillion.The bank became the third most capitalized financial institution in Nigeria after its market capitalization surpassed ?1.02 trillion at the conclusion of trading on the Nigerian Exchange Ltd. (NGX) on Monday.Compared to the bank's initial 2023 record of ?283.8 billion, with 34.19 billion shares in issue, this represented a notable increase. In a statement released in Lagos, Tony Elumelu, Chairman of UBA Group, noted that the achievement coincided with the bank's shares being recognized as the best-performing stock in the banking industry for 2023.