UAC 2022

2022 BSM Index

TOP 50 BRANDS NIGERIA® 2022

 
#36UAC of Nigeria Plc.
BSM Index55
 YoY+3
CEO Folasope Babasola Aiyesimoju
Year Founded (in Nigeria) 1931
Websitewww.uacnplc.com
Head Office

UAC House
1-5, Odunlami Street
Marina
Lagos

NationalityNG
Customer Base–
 Number of Branches –
 Annual Turnover–
Employees1,486
 Marketing Budget –

United Africa Company of Nigeria (UACN Plc), is an evergreen investment holding company that aims to generate attractive long-term returns for investors by growing its businesses into market leaders in their respective segments. A leading Nigerian diversified conglomerate that operates in the Food and Beverage, Real Estate, Paint and Logistics sectors of the economy. It is also involved in some strong regional and international partnerships in a bid to enhance sustainable growth and consolidate its leadership position.

UAC has been a foremost participant in the Nigerian economy since 1879 when it was established. It was a UACI’s group of companies in Nigeria, a group that was incorporated to transact in selected markets within the country. Many of these companies later became divisions under UAC of Nigeria in 1973 following a consolidation exercise.

UACN’s business activities was initially in the auto trade market but soon expanded into other areas. Strategic to its business conduct in Nigeria, the firm believed in the development of the economy and an improvement in the income of farmers and Nigerians as key to its success. This belief partly motivated its drive to expand into other areas of business. A major segment of the firm was produce buying of cash crops from local farmers for export to foreign markets. This activity also involved extension of credit to traders and middlemen who went into the hinterland to source for quality grades of produce.

UAC’s strategic partnerships are aimed at enhancing operational excellence and delivery capabilities as well as consolidating and building its market share in a competitive and fast growing market. The Company proactively seeks to take advantage of the opportunities presented by its current business model.

The Company’s Corporate Social Responsibility (CSR) Programme – The Goodness League is a major boost to education in Nigeria through its infrastructural intervention and support for Legacy Schools across the country. UAC’s Schools Support Programme has benefitted educational institutions in the South West, North West, South South, North Central and South East geo-political zones of the country.

 

RSS UAC News
  • UAC Of Nigeria PLC – Notice Of Board Changes July 28, 2023
    The Board of Directors (the “Board”) of UAC of Nigeria PLC (“UAC” or the “Company”) wishes to inform the Nigerian Exchange Limited, the Company’s shareholders and the investing public as follows: APPOINTMENT The appointment of Mr. Adebolanle Badejo (“Debola Badejo”) as an Executive Director of the Company effective 28 July 2023, subject to the approval […]
    Taiwo Oluwadare
  • UAC Of Nigeria PLC – Election Of Vice-Chairman Of the Board Of Directors June 22, 2023
    The Board of Directors (the “Board”) of UAC of Nigeria PLC (“UAC” or the “Company”) is pleased to announce the election of Mr. Khalifa Adebayo Biobaku as Vice Chairman of the Board effective June 21, 2023. Mr. Biobaku is currently a Non-Executive Director on the Board of UAC and was appointed in that capacity on […]
    Taiwo Oluwadare
  • Retirement Of Mr. Babatunde Kasali As Non-Executive Director June 21, 2023
    UAC of Nigeria PLC (the “Company”) wishes to inform the Nigerian Exchange Limited, its shareholders and the investing public of the retirement of Mr. Babatunde Kasali, a Non-Executive Director from the Board of Directors (the “Board”) of the Company at the end of the Company’s Annual General Meeting on 21 June 2023. View Statement
    Taiwo Oluwadare