UBA, Fidelity Bank announce delays to H1 results

Two prominent Nigerian commercial banks, United Bank for Africa (UBA) and Fidelity Bank, have informed the Nigerian Exchange Limited and the investing public that they anticipate delays in releasing their half-year audited financial statements. UBA and Fidelity Bank have both received approval from the Nigerian Exchange (NGX) to extend their regulatory filing deadlines, pending final approval from their primary regulator, the Central Bank of Nigeria (CBN).

Under NGX listing rules, such entities are obliged to submit their half-year financial statements within 60 days of the interim period's conclusion, which would have been 29 August 2026. However, commercial banks, especially those with international subsidiaries or considering interim dividend payouts, are required to present audited interim accounts to the CBN for review and approval before public release.

UBA's Board of Directors met on 13 August 2026 to approve its half-year financial statements, but their publication remains on hold until regulatory clearance is obtained. Similarly, Fidelity Bank is in the process of finalising its audit before submitting it to the CBN for approval. The extension of the filing deadlines reflects a common practice in the Nigerian banking sector, where listed lenders often seek extended windows to address regulatory oversight, capital adequacy reviews, and balance sheet audits conducted by the CBN.

Both banks remind board members, key executives, and connected insiders that trading restrictions remain in place, and the closed periods will only be lifted 24 hours after the official publication of their audited half-year results.