• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Markets Equities

Oliver Alawuba, UBA’s CEO buys additional 22.8 million shares in bank  

David Olujinmi by David Olujinmi
November 3, 2023
in Equities
Top 5 highest paid bank CEOs of 2022 
Share on FacebookShare on TwitterShare on Linkedin

Oliver Alawuba, the Group Managing Director and CEO of United Bank for Africa Plc (UBA) has purchased an additional 22,816,172 shares of United Bank for Africa Plc, according to information disclosed by the group.  

According to a corporate filing on the NGX website and obtained by Nairametrics, the shares were sold in transactions that took place on November 1, 2023.

The shares were obtained at an aggregate price of N21.41 per share unit, thus the shares purchase was valued at N488.5 million.  

RelatedStories

These stocks are the best performing stocks in 2025 so far

These stocks are the best performing stocks in 2025 so far

October 8, 2025
Bears assert dominance, crashing stocks by 183.88 points, erasing N103.97 billion in value

Best performing Nigerian stocks for the week ended October 3, 2025 

October 5, 2025

Before the November 1 transaction, Alawuba owned just 1,593,248 units of UBA shares. But now, he owns 24,409,420 shares in the group.  

What you should know  

On November 1, there was a flurry of insider share purchases in the UBA Plc, including:  

  • Muyiwa Akinyemi, the group’s Deputy Managing Director bought 13,667,506 shares at an aggregate price of N21.05, representing a total value of N287.7 million.  
  • Michael Ilobah, the Group Head, of Business Assurance bought 2,336,281 shares at an aggregate price of N21.10, representing a total value of N49.3 million.  
  • Taiwo Sonola, the Head, of Global Investor Services bought 467,256 shares at an aggregate price of N21.00, representing a total value of N9.8 million.  
  • Alex Alozie, an Executive Director bought 9,345,124 shares at an aggregate price of N21.00, representing a total value of N196.2 million.  
  • Tony Elumelu’s family was not left out. His wife, Awele Elumelu purchased 187,854 shares at an aggregate price of N20.95, representing a value of N3.9 million.  

For Q3 2023, UBA reported a pre-tax of N98.4 billion, representing an 86.64% year-on-year increase from the corresponding period last year.  

As of November 2, UBA’s share price closed at N20.95, representing a year-to-date appreciation of 176%.  

 

 

 


Follow us for Breaking News and Market Intelligence.
Tags: NGXOliver AlawubaUBA
David Olujinmi

David Olujinmi

David Olujinmi is an ambitious and dynamic individual with a strong educational background in engineering. While engineering laid the foundation for his analytical skills, David's true passion lies in the world of finance, particularly in the intricacies of capital markets, investment banking, and asset management.

Related Posts

These stocks are the best performing stocks in 2025 so far
Digital Media

These stocks are the best performing stocks in 2025 so far

October 8, 2025
Bears assert dominance, crashing stocks by 183.88 points, erasing N103.97 billion in value
Equities

Best performing Nigerian stocks for the week ended October 3, 2025 

October 5, 2025
NGX
Equities

Nigeria’s top 10 best-performing stocks on the NGX in September

October 2, 2025
Guinness Plc Climbs, Capital Alliance Aradel Exit, PFAs Celebrate ‘Gold’ Gains
Business News

Guinness Plc Climbs, Capital Alliance Aradel Exit, PFAs Celebrate ‘Gold’ Gains

September 30, 2025
NGX Bullish, Dividend Payouts Set, Aradel Stake Sale Explained! 
Digital Media

NGX Bullish, Dividend Payouts Set, Aradel Stake Sale Explained! 

September 30, 2025
FIRS AND TAX COMITEE
Op-Eds

Why 25% CGT for share sale is self-inflicted wound for Nigeria

September 29, 2025
Next Post
Dr. Bayero Farah,

Energy Transition: FG inaugurates CNG conversion, training center in Abuja

Comments 1

  1. Ayena Johnson says:
    November 4, 2023 at 4:26 pm

    Insider purchases is a sign of great future prospect for shareholders.Insiders know what we do not know. UBA high Target price revolves around N31.7. It is a good BUY

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

access bank
nairametrics
first bank









DUNS

Recent News

  • Zenith Bank to expand into Ivory Coast, other Francophone African countries 
  • FCTA demolishes Apo-Dutse estate under high-tension line
  • Wema Bank concludes N50 billion special placement, exceeds regulatory capital requirements 

Follow us on social media:

Recent News

Zenith Bank Plc

Zenith Bank to expand into Ivory Coast, other Francophone African countries 

October 17, 2025
FCTA demolishes Apo-Dutse estate under high-tension line

FCTA demolishes Apo-Dutse estate under high-tension line

October 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics