United Capital Group, (NGX: UCAP) has successfully completed the recapitalisation of its Securities and Exchange Commission (SEC)-regulated subsidiaries well ahead of schedule.
According to a press release on the Nigerian Exchange, the Group has satisfied the revised minimum capital requirements under the Commission’s Circular No. 26, about 14 months before the June 30, 2027 compliance deadline.
The SEC’s revised minimum capital framework, introduced pursuant to the Investments and Securities Act 2025, substantially increased capital thresholds for capital market operators.
Key requirements include:
– Fund and Portfolio Managers (full scope): ₦5.00 billion (previously ₦150 million
– Trustees: ₦2.00 billion (previously ₦300 million)
– Issuing Houses (underwriting): ₦7.00 billion (previously ₦200 million)
These changes aim to strengthen market resilience, enhance investor protection, and better align capital adequacy with the risk profile of capital market activities.
United Capital’s four SEC-regulated subsidiaries
— United Capital Investment Banking,
— United Capital Asset Management,
— United Capital Trustees, and United Capital Securities have each independently met or exceeded their applicable thresholds.
This achievement was confirmed at the Group’s Annual General Meeting (AGM) held in Abuja on Friday, April 24, 2026, with the Board noting that all milestones were accomplished without any external capital raising.
This early and comprehensive compliance is notable in a market where many operators are still preparing for the 2027 deadline.
United Capital now stands among a select group of fully compliant financial services groups in Nigeria.
This recapitalisation aligns with strong financial performance.
At the AGM, shareholders approved a final dividend of ₦0.70 per share, bringing the total 2025 dividend to ₦1.00 per share (₦18 billion payout), a 25% increase from ₦14.4 billion in 2024.
The Group reported a 35% revenue growth to ₦58.55 billion and 17% rise in profit after tax to ₦28.15 billion. Assets Under Management (AUM) now exceed ₦2 trillion, with all seven subsidiaries profitable.
About the company
United Capital Plc was incorporated in Nigeria as a limited liability company on March 14, 2002 under the Companies and Allied Matters Act, No.3, 2020.
It became a public company and was listed on the Nigerian Stock Exchange in January 2013 after a successful spinoff from United Bank for Africa Plc, a commercial bank in Nigeria.
UCAP is the first investment bank to listed on the Nigerian Exchange Limited. UCAP is a holding company with five subsidiaries namely United Capital Trustees Limited, United Capital Asset Management, United Capital Securities Limited, UC Plus Advance Limited and UCEE Micro Finance Bank Limited. Its areas of business include investment banking, asset management, trusteeship, securities trading, micro-finance bank and consumer finance.
Administrator and Writer
