ANALYSTS have rated the United Bank of Nigeria, UBA Plc 2017 financial performance as fair following improvement in key line items as gross earnings and Profit After Tax, PAT showed relative improvement, just as the bank’s African subsidiaries’ contribution improved significantly.
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BANKS’ borrowing from the Central Bank of Nigeria (CBN) shot up by 80 percent to N52 trillion in 2017, from N29 trillion in 2016, due to pressure to survive the impact of high interest rate regime and ceaseless liquidity mop-up, driven by the tight monetary policy of the apex bank
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Spurred on by the company’s steady growth in Sub-Saharan Africa and in line with its focus on investing in the continent, Mastercard has appointed Raghav Prasad as Division President for Sub-Saharan Africa. The company in a stamen said: “Prasad will strengthen the company’s ongoing commitment of delivering value to customers and consumers in Africa byRead
The full year 2017 (FY'17) corporate results of 96 major companies quoted on the Nigerian Stock Exchange, NSE have shown a significant impact of the recovery of the economy which started mid last year, with their gross earnings surging by over 22.3 percent to hit N7.6 trillion from 6.2 trillion in 2016.
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You will recall, November last year we started our learning activities with three microfinance institutions. We have made available to them almost N5 billion. This was supposed to be for several MSMEs. Since we are a wholesale institution we work through financial
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