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UBA’s quarterly profit rises 29% to N53bn on rate hikes
United Bank for Africa (UBA) reported a profit surge of 29.1 per cent in the three months to March, profiting from a series of rate hikes by the Central Bank of Nigeria that helped…
SEC says capital market to aid realisation of 2023 budget objectives
The Securities and Exchange Commission (SEC) has expressed its belief that the Nigerian Capital Market, being an organised and specialised financial market that drives capital mobilisation…
FX pains trim Transcorp’s profit by 63 percent in Q1
Transnational Corporation of Nigeria (Transcorp) recorded a 63.1 percent loss in profit as a result of incurring a loss in financing activities owing to foreign exchange, BusinessDay’s…
AFC eyes value chain, energy access for next growth phase
Africa Finance Corporation (AFC) said optimal value addition for Africa’s vast resources and closing the crippling energy deficit on the continent is its outlook for the next growth phase.…
Kredete launches AI-Powered lending platform in Nigeria
Kredete, a Nigerian fintech startup has formally launched its AI-powered lending platform in an effort to increase access to formal credit, financial literacy, and innovative financial…