United Bank for Africa Plc (UBA), a prominent Nigerian financial institution, has revealed its intention to raise capital totaling 144.8 billion naira (about $90.2 million) in 2025. This initiative is primarily driven by the need to adhere to new regulations from the Central Bank of Nigeria while simultaneously looking to enhance its global presence.

The Central Bank of Nigeria (CBN), headquartered in Abuja, has taken significant steps to prevent further depreciation of the naira. In light of increasing volatility in global markets and the impact of U.S. tariff policies, the CBN sold $197.71 million to official dealers on April 4. This decision aims to ensure "adequate liquidity" in the country's banking system amid devaluation pressure triggered by President Donald Trump's recent announcements regarding new import tariffs.