UBA strengthens Lagos trade fair partnership with $6-billion SME loan facility
UBA boosts SME growth with a $6-billion loan facility ahead of the 2024 Lagos International Trade Fair, reinforcing its commitment to empowering African businesses and driving economic growth.
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UBA seeks $143.6 million in new capital to drive expansion across Africa.
Nigerian tycoon Tony Elumelu's UBA posts $189.6-million profit in H1 2024
The double-digit decline in profits can be attributed to UBA’s higher expenses, coupled with a drop in trading and foreign exchange gains.
Nigerian businessman Tony Elumelu's UBA targets $20-trillion revenue in 25 years
The goal, announced by UBA Group Managing Director and CEO Oliver Alawuba, underscores the bank’s vision to become one of the world’s top 10 banks over the next 25 years.
Nigerian tycoon Tony Elumelu’s UBA delivers $102.25-million profit in Q1 2024
Under Elumelu’s leadership, UBA’s total comprehensive income for the period also rose, from N51.03 billion ($36.56 million) to N581.47 billion ($416.7 million).
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Coty posts resilient Q1 2025 results; revenue hits $1.67 billion
The modest increase in revenue came despite a 1 percent foreign exchange impact and the divestiture of the Lacoste license.
InfraCredit secures $30 million to fund renewable energy projects in Nigeria
The funding will enable InfraCredit to expand renewable energy infrastructure, strengthening energy access in underserved communities.
Motsepe sees $100-million wealth boost amid $195-million lawsuit in Tanzania
This marks a $300 million increase in Motsepe's fortune so far in 2024, up from $200 million at the start of November.
Lowe’s launches $2.5-million relief fund for small businesses in Western North Carolina
Lowe's introduces $2.5 million initiative to expedite recovery for small businesses impacted by Hurricane Helene.