Interest rate to remain high amid inflationary pressures — United Capital
10 billion, as the investment banking and financial services group benefited from robust growth across its core businesses, higher trading income and expanding fee-based revenues.32 billion a year earlier, supported by strong investment income, fee and commission earnings and a sharp increase in net trading income.
Speaking at its investor relations roundtable, held in Lagos, with the theme: “Decoding performance insights into United Capital Growth Drives and outlook”, the company’s Group Chief Executive Officer, Peter Ashade, said: “With inflation still above the various Central Banks’ targets owing to impact from elevated oil prices (triggered by the US-Iran war), Inflation is expected to remain sticky as oil supply shocks persist.
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