United Capital Exceeds N2trn, Expands Across Africa

United Capital Plc has announced its assets under management have exceeded N2 trillion, prompting plans for expansion into 12 African countries, including Rwanda and Ethiopia. This announcement was made by Group Chief Executive Officer Peter Ashade during the company's Investor Relations Roundtable in Lagos.

Since Ashade took office in July 2018, the company has transformed from a capital market operator into a diversified financial services group, with assets growing from below N100 billion to surpassing N2 trillion, exceeding its initial N1 trillion target in 2022. The expansion aims to create long-term shareholder value and support economic integration in Africa.

Ashade noted that shareholder value has increased by over 2,500% in the past eight years, with consistent interim and final dividends paid. United Capital plans to launch new products and initiatives by December 2026 to enhance its retail financial services and technology platform.

Group Chief Economist Ayodele Akinwunmi provided an economic outlook, projecting a 4% growth for Nigeria's economy in 2026.