Business
Oliver Alawuba, UBA’s CEO buys additional 22.8 million shares in bank
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.
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.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
