UAC of Nigeria has declared its first loss after tax in six years due to pressures from lower sales and higher operating expenses.
Data sourced from the firm’s financials showed UACN reported N1.16 billion loss after tax in the three months of 2023 compared to a profit of N638.75 million in the
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Folake Balogun
Folake Balogun is a tech journalist covering Africa’s fast-growing digital economy with a strong focus on incisive analysis of startup trends, venture capital, and fintech innovation, while also exploring emerging technologies such as artificial intelligence and the future of connectivity by highlighting their economic and social impact.
