A research analyst at United Capital Plc has purchased 17,000 ordinary shares of the Nigerian investment house on the open market.
The transaction was disclosed by the company as part of its regular insider trading reporting obligations.
The buyer was identified as Akinpelumi Marian, a research analyst within the firm.
The acquisition represents a direct vote of confidence from internal staff, who often possess granular insight into the company’s pipeline and operational health.
While the trade size is relatively small, insider buying by research personnel can sometimes precede broader positive developments or signal that shares are undervalued.
United Capital Plc operates as a leading financial services group in Nigeria, offering investment banking, asset management, and brokerage services.