UAC appoints Vitus Ezinwa HR Director

The Board of UAC of Nigeria Plc has announced the appointment of Dr. Vitus Ezinwa as the Group Human Resources Director. Ezinwa is a seasoned business manager and human resource professional with experience gained in leading multinational corporations. He holds a Bachelor’s degree in Sociology/Anthropology from the University of Nigeria Nsukka, MBA in Management from […]

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UAC repositioning to drive profitable growth

The Chairman, UAC of Nigeria Plc, Mr Dan Agbor, has said the company is being repositioned to meet current challenges and take advantage of opportunities in the economy to drive profitable growth. Agbor, who spoke at the company’s Annual General Meeting in Lagos, told shareholders, “The 2018 financial year is a transitional year, in which […]

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UACN expected to close ₦15.4 billion rights issue application on Friday

Nigeria’s largest and oldest conglomerate, UAC of Nigeria (UACN) Plc is scheduled to close the application list for its ongoing ₦15.4 billion rights issue this Friday, giving shareholders some 48 hours to pick their rights. UACN is raising ₦15.36 billion through a rights issue of 960.43 million ordinary shares of 50 kobo each at ₦16 […]

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UACN considers new acquisitions, mergers to optimize existing businesses

With 10 subsidiaries in key sectors of the Nigerian economy, Nigeria’s largest and oldest business conglomerate, UAC of Nigeria (UACN) Plc will consider new acquisitions and mergers to further optimise the values of its existing businesses and take advantage of emerging opportunities in other sectors. In a circular outlining the operational philosophy of the conglomerate […]

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NSE indices show first growth in July, up by 0.16 pct

Market indicators of the Nigerian Stock Exchange (NSE) on Thursday recorded the first growth for the month, reversing the three-day bearish trend. The indices appreciated by 0.16 per cent just as the volume of shares traded decreased by 45.88 per cent. The All-Share Index appreciated marginally by 52.46 points or 0.16 per cent to close […]

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UAC recapitalises subsidiaries with proposed ₦15.4bn rights issue

UAC of Nigeria Plc’s bid to bolster its working capital and recapitalise the other subsidiaries within the Group to receive a major boost, yesterday, following shareholders approval of ₦15.4 billion Rights Issue proposed by the Board of Directors. The shareholders also approved the ₦1.92 billion dividend, which translates to ₦1.00 per ordinary share of 50 […]

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UACN raise N6 billion capital for Livestock Feeds, UPDC

UAC of Nigeria (UACN) has opened application lists for supplementary capital raising for two of its subsidiaries-Livestock Feeds Plc and UACN Property Development Company (UPDC), as the conglomerate launched a major bid to recapitalise its businesses. Livestock Feeds is seeking to raise about N750 million new equity funds from existing shareholders. Livestock Feeds is offering […]

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