BUSINESS

UBA Gains N5.13bn With Share Price Standing At N7.00

Share price of United Bank for Africa Plc has appreciated by 2.19% as its market capitalization closed the week at N239.40 billion to gain a total of N5.13 billion w-o-w, with its share price standing at N7.00.

UBA is one of the FUGAZ banks whose investors gained almost N50bn last week at NGX.

The market capitalization of the top five banks in Nigeria (also known as tier-1 banks or FUGAZ) appreciated by 2.49% to close the week at N2.05 trillion. This is as investors in these banks gained a total of N49.79 billion.

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