UBA shares drop 10% in early morning trading as investors punish the bank for withholding dividends, wiping N34.7 billion off Tony Elumelu's stake
Billionaires Africa | 27.04.2026 16:17
United Bank for Africa shares dropped 10% in early trading on Monday, April 27, 2026, as investors punished the bank for its decision to withhold dividends from the 2025 financial year, a reaction that wiped approximately N34.7 billion off the paper value of chairman Tony Elumelu's combined stake in the lender before the morning session was done.
