UACN achieves 74% revenue growth to N343.4 billion

United Africa Company of Nigeria (UACN) has reported a significant 74% increase in its revenue, reaching N343.4 billion.

United Africa Company of Nigeria (UACN), a major conglomerate, announced a robust financial performance with revenue surging by 74% to N343.4 billion. This growth highlights the company's strong operational results in its diverse sectors. The figures were disclosed in a recent report, underscoring UACN's resilience in the Nigerian business landscape. No further details on specific contributors to the growth were provided in the available information.

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Celebratory scene at Nigerian Stock Exchange as market cap reaches N100 trillion milestone.
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Nigerian stock market capitalization hits N100trn on reforms

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The Nigerian stock market has reached a capitalization of N100 trillion, driven by reforms and collaboration. This milestone highlights strong performance in 2025 for the nation's financial markets.

The stock market declined by 0.05% due to profit-taking in UACN and 22 other stocks.

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The Cooperative Bank of Oromia saw strong deposit growth outpacing competitors in the 2024/25 financial year. However, net profit dipped slightly to 1.56 billion birr from 1.61 billion birr the prior year, highlighting challenges in profitability.

Nigeria's external reserves have risen 10.8% year-over-year to $45.28 billion. This growth reflects strengthening foreign exchange buffers.

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Banks operating in the Egyptian market recorded net profits of EGP 433.772bn in the third quarter of 2025, up from EGP 274.938bn in the second quarter, according to data from the Central Bank of Egypt. The CBE's latest report stated that net interest income reached EGP 766.842bn, while net operating income rose to around EGP 1.022trn.

Globacom is playing a key role in shaping the framework for Nigeria's economic renewal, as highlighted in recent discussions.

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President Bola Tinubu presented the N58.47 trillion 2026 appropriation bill to a joint session of the National Assembly on December 19, 2025, as scheduled, following its endorsement by the Federal Executive Council earlier that day.

 

 

 

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