United Capital Insider Sells N2.03m in Shares as NGX Stock Dips 14% YTD 

United Capital PLC, a leading pan-African financial and investment services group, has disclosed an insider transaction involving Ahmed Saheed Adewale, the firm’s team lead for Operations.

According to a notification filed with the Nigerian Exchange Group (NGX), Adewale sold 111,084 ordinary shares of United Capital at ₦18.30 per share, amounting to ₦2.03 million ($1,200).

The transaction, executed on Tuesday, November 4, 2025, was disclosed on the NGX trading floor the following day in line with the Code of Corporate Governance and the Investments and Securities Act (ISA) 2007.

The filing, signed by Leo Okafor, the company secretary, stresses United Capital’s adherence to transparency and compliance with insider dealing regulations.

While the reason for the sale was not stated in the disclosure, such transactions typically reflect personal financial planning, portfolio diversification or responses to prevailing market conditions.

United Capital’s unaudited financial results for the period ended September 30, 2025, reveal a remarkable 34% year-on-year growth in Profit Before Tax (PBT) to ₦25.01 billion, and a 32% year-on-year growth in Profit After Tax (PAT) to ₦21.17 billion.

Despite the strong fundamentals, the company’s share price closed at ₦17.55 per unit on Wednesday, November 5, 2025, a 2% decline from the previous day’s ₦17.95.

Year-to-date, United Capital shares have lost 14% of their value, ranking the firm 135th on the NGX performance chart.

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