By Dipo Olowookere
The board of directors of United Bank for Africa (UBA) Plc on Thursday, August 22, 2019, approved the financial statements of the company for the half year ended June 30, 2019.
A notice to the Nigerian Stock Exchange (NSE) on Thursday by the lender said the board approved the results after considering document containing the financial status of the bank for the period under review.
According to the pan-African lender, the financial statements have been forwarded to the banking sector regulator, the Central Bank of Nigeria (CBN) for approval.
It is after the approval of the apex bank in the country that the financial institution will make its books public to the investing community.
In the disclosure sent to the NSE, UBA said the board also proposed the payment of an undisclosed interim dividend to shareholders of the company.
“Please be informed that the board of United Bank for Africa Plc, at its meeting of Thursday, August 22, 2019, considered and approved the 2019 Half Year Results and Reports and payment of an interim dividend, subject to the approval of the Central Bank of Nigeria.
“Further to the above, kindly be advised that the Nigerian Stock Exchange would be immediately notified upon receipt of the Central Bank of Nigeria’s approval of the 2019 Half Year Results & Reports,” the notice said.
Business Post reports that shares of UBA gained 10 kobo on Thursday to settle at N6 per unit.
