Tony Elumelu's United Capital acquires 5-percent stake in Nigerian Exchange Group
United Capital, the Pan-African group backed by financier Tony Elumelu, has completed the acquisition of a 5% equity stake in Nigerian Exchange Group.
United Capital
Tony Elumelu's United Capital wins historic Ethiopia investment banking licence in first for foreign firms
Nigeria's United Capital Group has secured Ethiopia's first investment banking licence ever issued to a foreign institution, committing over $1.5 million to launch local operations.
United Capital, led by Peter Ashade, grows revenue 35% to $43.1 million
Under Peter Ashade, United Capital grew revenue 35% to $43.1 million in 2025. Net trading income surged 176%, and shareholders received $13.2 million in dividends.
United Capital reports nearly $10-million profit for first nine months of 2024
Gross earnings surged by 60.87 percent, reaching N28.17 billion ($17.21 million) from N17.51 billion ($10.7 million) in the corresponding period of 2023.
Nigerian banker Peter Ashade-led United Capital rakes in $8.75-million profit in 2023
The company’s performance is marked by an 18 percent year-on-year increase in profit after tax to N11.42 billion ($8.73 million).
Nigerian banker Peter Ashade-led United Capital rakes in $11 million in profit in 9M 2023
Ashade said United Capital’s third-quarter performance reflects the group’s ability to deliver sustainable earnings despite the challenging business environment.
Led by Peter Ashade, United Capital rakes in $5.3 million in profit in Q1 2023
United Capital is an investment bank and a pan-African financial services group led by Ashade.
Nigerian investment banker Peter Ashade’s United Capital gains $29 million in 18 days
Ashade has been at the helm of United Capital since 2018.
Led by Nigerian banker Peter Ashade, United Capital posts $17.7 million in profit in 9M 2022
Ashade has been at the helm of United Capital since 2018.
Led by Nigerian banker Peter Ashade, United Capital earns more than $10 million in profit in H1 2022
Profit for the six-month period ending June 30 increased by more than 41 percent, from $7.38 million in the first half of 2021 to $10.42 million.
Peter Ashade’s United Capital gains $46 million in one week
Meanwhile, Emmanuel Nnorom saw the market value of his 30.5 million shares soar above $1 million.
Peter Ashade’s United Capital earns $27 million in profit as managed funds surpass $785 million
United Capital is a fast-growing banking and investment services business.
Peter Ashade-led United Capital posts $14.53 million in profit in 9M 2021, assets surge by 72 percent
United Capital is a financial and investment services company based in Lagos, Nigeria.