Shareholders of UBA Capital Plc recently changed the name of the company to United Capital Plc at an extra-ordinary general meeting (EGM) in Lagos. They also authorized to directors to halt the expansion of company across Africa.
The company recently reiterated its commitment to provide intelligent investment and financial services.
UBA Capital, was formerly a subsidiary of UBA Plc and became a separate company following the Central Bank of Nigeria (CBN)’s directive that all banks should divest from non-commercial banking activities. UBA Plc in compliance with that directive transferred its 100 per cent holding in UBA Capital to the shareholders of the bank.
The company recently reiterated its commitment to provide intelligent investment and financial services.
UBA Capital, was formerly a subsidiary of UBA Plc and became a separate company following the Central Bank of Nigeria (CBN)’s directive that all banks should divest from non-commercial banking activities. UBA Plc in compliance with that directive transferred its 100 per cent holding in UBA Capital to the shareholders of the bank.
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