Inspired PMI Q2 economic growth may be tainted by reforms in H2’23 – United Capital

August 30, 2023 Blessing Anaro 0

The strong economic growth recorded in the second quarter of 2023 on the back of robust Purchasing Managers’ Index (PMI) may not be sustained as a silt of the soaring consumer prices occasioned by President Bola Ahmed Tinubu’s economic reforms. The second quarter of 2023 showed stronger growth as the PMI returned to expansionary territory in April, indicating a recovery Read More

United Capital faces operational risk over N260m lawsuits

March 29, 2023 Segun Odunewu 0

Asset management and securities trading company, United Capital Plc faces an operational risk following a lawsuit that could lead to a financial loss of about N260 million. These lawsuits are for the financial period of 2022, however, are ongoing litigations. It was learnt that the claims from the cases are more than the N152 million litigation claims against United Capital Read More

United Capital sustains payment of N1.50 dividend

March 3, 2023 Amaka Ifeakandu 0

Setting the tone for the financials declaration, United Capital Plc has maintained its multi-year success streak, as evidenced in its recent audited financial statements for the fiscal year ended December 31, 2022. The company’s gross earnings took upward direction, increasing by 48.89 per cent to N26.896 billion against N18.065 billion. Profit before tax also rose to N13.500 billion from N11.917 Read More