United Capital Plc reported an 80% year-on-year increase in profit before tax to N24.78 billion for the first half of 2026, significantly outpacing the N13.79 billion recorded in the same period last year.
The Lagos-listed investment bank disclosed the figures in its latest financial update, highlighting robust performance across its core advisory and asset management divisions.
58 trillion in value recently, extending a broad-based rally that has seen investors return to the market following several consecutive sessions of declines.
The strong earnings print arrives as the Nigerian equities market has added N1.58 trillion in value recently, extending a broad-based rally that has seen investors return to the market following several consecutive sessions of declines.
United Capital’s results underscore the improving sentiment among financial institutions operating in the region, with trading volumes and deal flow showing signs of stabilization.
The bank’s profit growth reflects a combination of higher fee income from capital markets activities and improved net interest margins.
United Capital has been expanding its Pan-African footprint, and the half-year results suggest that its strategic focus on cross-border transactions and wealth management is yielding tangible returns for shareholders.