By way of introduction, let me put it out here that this piece, as with all I’d ever dropped, is not sponsored by any individual, groups or organisations. Rather, they’re one’s creative efforts for dishing “nuggets of money intelligence” to you lovely readers. Just felt to mention that before getting on with stuff.
So, let’s cut through the chase straightaway with a call to anyone who has a slice of United Bank for Africa, UBA. So, if you’re a shareholder, do not blink as the likeable Tony Elumelu and his crew have something on the table for you.
In other words, like John the Baptist, this is the voice of one crying in the wilderness. But on this occasion, it is to say that the offer of “Rights Issue” which UBA has put on the table for sometime now is closing next weekend, Friday September 5. But please note, Rights Issue is exclusively for existing shareholders alone. If you’re not on the Bank’s register as at yesterday, you won’t be eligible for this. Not to worry, though. There’re other opportunities that’ll be open for everyone.
So, here’s the thing. Any shareholder who fancies taking up the offer and increasing their stake in UBA will get a free share for every thirteen that they buy. So, if you’ve been following the voice of one crying in the wilderness and saving even just five thousand Naira each month from January, here’s your chance. Perhaps, let’s even assume you’ve invested two of those seven months’ savings in the Federal Government of Nigeria, FGN Savings Bond or other ventures, that should still leave you with something to snap up a couple of units of this Rights issue offer.
Put differently, folks, even if you have nothing left in your pot, but are committed to chipping in the five thousand grand – N5000 – you’re supposed to save at the end of this August, you can still put in your request with that and seize this opportunity to increase your stake in the UBA pie.
In fact, if you haven’t achieved much of your financial goals for the year, make sure increasing your stake in the UBA cake is one additional goal. More importantly, you can proudly tick it off on the first day of September. But that’s if you do the needful by snapping up just a hundred units with the five thousand Naira you should have saved this month end.
Life on the sixth floor
On the 26th of July, yours truly made it to the sixth floor of life by clocking 60. Thank you Lord.
When a few days ago, this was mentioned to someone whose call I was returning, he said that means you have a lot of experience to give advice. We joked about it and got on with our conversation.
But here’s the thing, being on the sixth floor brings to mind the relevance of a much quoted biblical verse; teach us to number our days so as to apply our hearts to wisdom.
Personal finance surely requires some level of wisdom. So, here on the sixth floor, one’s prayer is for more wisdom to keep conducting these money matters.
- business a.m. commits to publishing a diversity of views, opinions and comments. It, therefore, welcomes your reaction to this and any of our articles via email: comment@businessamlive.com
