UBA Group Soars: Breaking Records with N607 Billion Profit Boosted by Surging Interest Income and FX Gains

UBA Group Soars: Breaking Records with N607 Billion Profit Boosted by Surging Interest Income and FX Gains UBA Nigeria Plc, one of the oldest and largest banks in Nigeria, recently announced its audited accounts for the year 2023, unveiling remarkable financial achievements. The bank recorded a substantial increase in gross earnings, reaching an impressive N2…

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Africa Finance Corporation Secures Record-Breaking $1.16 Billion Syndicated Loan, Marking its Largest Debt Facility Yet

Africa Finance Corporation Secures Record-Breaking $1.16 Billion Syndicated Loan, Marking its Largest Debt Facility Yet Africa Finance Corporation (AFC) has successfully raised its largest-ever debt facility, securing a substantial 3-year syndicated loan worth $1.16 billion. The financing round attracted participation from lenders spanning the Middle East, Europe, and Asia, indicating significant global interest in Africa’s…

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CBN Implements Oversight Measures: Law Enforcement to Monitor Nigerian Banks for Illicit Financing Amid Recapitalization Efforts

CBN Implements Oversight Measures: Law Enforcement to Monitor Nigerian Banks for Illicit Financing Amid Recapitalization Efforts The Central Bank of Nigeria (CBN), in conjunction with law enforcement agencies, has announced stringent monitoring measures to oversee the recapitalization efforts within the Nigerian banking sector. This initiative aims to prevent the infusion of illicit financing into the…

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