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๐Ÿ‡ณ๐Ÿ‡ฌ Nigeria /Economy & Trade

UBA approves H1 2026 accounts, appoints Puri director pending CBN nod

From The Punch · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

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  • United Bank for Africa (UBA) Plc's board approved its audited financial statements for the half-year ended June 30, 2026, pending Central Bank of Nigeria (CBN) clearance.
  • The bank also approved the appointment of Ibrahim Puri as a non-executive director, subject to CBN approval.
  • UBA will notify the Nigerian Exchange Limited and the public after receiving CBN's approval for the financial results, with its closed period extending until then.

United Bank for Africa Plc (UBA) has announced the approval of its audited financial statements for the first half of 2026. The bank's board gave the go-ahead during a meeting on August 13, 2026, with the results now awaiting clearance from the Central Bank of Nigeria (CBN).

UBA confirmed that the Nigerian Exchange Limited and the investing public will be informed immediately upon receiving the CBN's approval for the half-year financial statements. The bank also stated that its closed period will remain in effect until 24 hours after the audited results are officially released to the public.

In a separate board decision, UBA approved the appointment of Ibrahim Puri as a non-executive director. This appointment is also contingent upon regulatory approval from the CBN. Puri brings over 35 years of experience in financial services and corporate management, with a background in banking, fintech, telecommunications, and fast-moving consumer goods.

Puri previously served as an executive director on UBA's board until his retirement in 2022. He currently holds non-executive director positions at several other companies, including Nigerian Breweries Plc and 9mobile. UBA had previously informed the Nigerian Exchange and investors in July about the scheduled August 13 board meeting where the financial statements were to be reviewed.

DistantNews Editorial

Originally published by The Punch in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.