Group Completes SEC Recapitalisation Ahead Of 2027 Deadline

United Capital Group has successfully completed the recapitalisation of all four of its Securities and Exchange Commission-regulated subsidiaries, surpassing the revised minimum capital requirements well ahead of the June 30, 2027 deadline.

The achievement was attained without external funding, positioning the Group among a select number of fully compliant capital market operators in Nigeria.

The revised minimum capital framework, introduced under the Investments and Securities Act 2025, significantly increased the capital thresholds for regulated operators in the Nigerian capital market.

Under the new framework, Fund and Portfolio Managers operating at full capacity are required to maintain a minimum capital base of N5 billion, up from N150 million, while Trustees must now hold N2 billion, up from N300 million.

Issuing Houses providing underwriting services are also expected to maintain N7 billion, up from N200 million.

The new capital structure is designed to strengthen market resilience, improve investor protection, and align capital adequacy with the growing risks in capital market operations.

As of December 2025, United Capital maintained N9 billion in capital, exceeding the regulatory threshold by N2 billion. Its subsidiary, United Capital Asset Management, recorded N13.9 billion, surpassing the requirement by N3.9 billion, while United Capital Trustees posted N7.5 billion, exceeding the minimum benchmark by N5.5 billion. United Capital Securities also maintained N2.5 billion, above the required threshold.

The Group disclosed that the recapitalisation milestones were confirmed during its Annual General Meeting held in Abuja on April 24, 2026, where the Board stated that all compliance targets had been achieved without raising external capital.

In a statement filed with the Nigerian Exchange, the Group noted that completing the recapitalisation exercise ahead of the deadline demonstrates its financial strength and strategic positioning in a market where many operators are still preparing for compliance.

According to the company, the revised capital requirements represent increases of between 10 and 33 times the previous 2015 minimums for several operators, making compliance a major challenge across the industry.

Chairman of the Board, Uche Ike, said the successful recapitalisation reflects the Group’s strong governance structure and long-term growth strategy.

“The timely completion of this recapitalisation underscores the strength of our governance and our commitment to building a resilient institution. This robust capital base positions United Capital strongly for future opportunities and enhances our ability to deliver sustainable growth and long-term value to our shareholders and stakeholders,” he said.

The Group’s chief executive officer, United Capital, Peter Ashade stated on the significance of completing the recapitalisation ahead of the SEC deadline, emphasizing that it reflects the discipline and foresight with which the institution is operated.

“We proactively addressed regulatory compliance, understanding that it serves as a foundation for our long-term ambitions across our Group and for our clients,” he stated.

Ashade highlighted that United Capital is well-equipped to operate at the highest standards of the capital market and to explore larger, more sophisticated opportunities both within Nigeria and across the regions where it operates.