UAC of Nigeria Plc posted its strongest revenue performance on record in 2025, after completing the full acquisition of CHI Limited. However, heavy one-off acquisition costs sharply eroded earnings, dragging net income down by 97 percent.
The conglomerate’s revenue rose to N343.4 billion in 202
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David Olujinmi
David Olujinmi is a financial journalist, with a knack for reporting and analysing the capital markets. He has experience in reporting the Nigerian and African financial scene.
With a Bsc in Chemical Engineering from the Obafemi Awolowo University, he has a significant grasp of numbers that has aided his understanding of the financial context.
