UNITED CAPITAL REPORTS 80% GROWTH IN HALF-YEAR PROFIT TO ₦24.78BN

United Capital has posted a strong financial performance for the first half of the year, reporting an 80 percent increase in profit to ₦24.78 billion, driven by growth across its investment banking, asset management, and financial services businesses.

The company attributed the impressive performance to increased revenue, improved operational efficiency, and sustained demand for its financial products and advisory services. It said its diversified business model continued to support earnings despite prevailing economic challenges.

Market analysts described the results as a reflection of the resilience of Nigeria’s financial services sector, noting that firms with diversified income streams have been better positioned to navigate inflationary pressures, high interest rates, and foreign exchange volatility.

United Capital reaffirmed its commitment to delivering value to shareholders through innovation, prudent risk management, and strategic investments. The company also expressed confidence in its growth outlook, saying it will continue to strengthen its market position while expanding its product offerings to meet the evolving needs of individuals, businesses, and institutional investors.