UAC of Nigeria recorded an N4.7 billion loss in the full year of 2022, on the back of operating expenses that reached a seven-year high, BusinessDay analysis shows.
The firm’s operating expenses climbed 17 percent to N17.35 billion in the full year of 2022 from N14.84 billion in the full year o
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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.
