Tag Archives: UACN

Nigeria’s largest and oldest conglomerate, UAC of Nigeria (UACN) Plc is scheduled to close the application list for its ongoing N15.4 billion rights issue this Friday, December 22, 2017 giving shareholders some 48 hours to pick their rights. UACN is raising N15.36 billion through a rights issue of 960.43 million ordinary shares of 50 kobo each at N16 per share. …

Read More »

Rising costs have undermined profit capacity for UACN and the conglomerate is headed for the lowest profit figure in many years at the end of 2017. The company is sustaining growth in revenue for the second year but it is devoting an increasing share of it to operating cost. Last year, rising costs caused a subdued recovery in profit, which …

Read More »

After 11 years as the Group Managing Director/ Chief Executive Officer UAC of Nigeria Plc (UACN), Mr. Larry Ephraim Ettah will retire from the company on January 1, 2018. The board of UACN that announced this in a statement on Wednesday, revealed that Ettah would proceed on his pre-retirement leave from same date. To this end, the board announced the …

Read More »

UAC of Nigeria Plc has recorded a profit after tax of N5.6 billion for the year ended December 31, 2016, just as the company plans  to bolster its operations with a capital injection of N15.4 billion through a Rights Issue. The Chairman of UACN, Mr. Dan Agbor, disclosed this yesterday at the company’s annual general meeting (AGM) in Lagos. According to …

Read More »