United Capital Plc: Insider Share Purchase Signals Confidence

United Capital Plc has disclosed an insider transaction involving a member of its Trade and Investment team, Mr. Abafor Arinze Praise. According to the official notification, Mr. Arinze purchased 22,000 ordinary shares of United Capital Plc at a price of ₦19.20 per share, amounting to a total investment of ₦422,400.00.

The transaction, conducted in Nigeria on 15 September 2025, was filed as an initial notification and involved shares identified under ISIN code NGUCAP000004. Insider purchases like this are often interpreted as a sign of internal confidence in the company’s financial health and strategic direction. Mr. Arinze’s role within the Trade and Investment division suggests a close understanding of United Capital’s market positioning, making his investment particularly noteworthy.

United Capital Plc, headquartered at Afriland Towers on Broad Street, Lagos, is led by Chairman Mr. Chika Mordi and Group CEO Mr. Peter Ashade. The company continues to be a key player in Nigeria’s financial services sector, with operations spanning asset management, investment banking, and securities trading.