Nigerian Stock Exchange (NSE) migrated United Bank for Africa (UBA) Plc to its premium Board, in what capital market analysts describe as an attestation to the Bank’s strong adherence to international best practices on corporate governance.
The Premium Board is the listing segment for the elite group of issuers that meet the Exchange’s most stringent corporate governance and listing standards.
According to the CEO of Nigerian Stock Exchange, Oscar Onyema, UBA Plc, Access Bank Plc, Lafarge Africa Plc and Seplat Petroleum Development Company Plc were admitted into the elite list for having met the NSE’s stringent listing requirements for the Premium Board, a platform for showcasing companies who are industry leaders in their sectors.
Speaking yesterday, the group managing director/CEO, UBA Plc, Kennedy Uzoka noted; “the migration of UBA shares to the Premium Board of the Nigerian Stock Exchange (NSE) is well deserved.
Also speaking at the ceremony, the chairman of UBA Plc, Tony Elumelu said that “the migration of UBA shares to the newly created Premium Board of the Exchange is a deserving recognition of the size, liquidity and sound corporate governance of the Group. I congratulate the Management and Staff of UBA Group on this positive recognition.”
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