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Union Bank grows profit to N15.9bn

Recapitalisation: MfBs canvass regulatory support to attract investors

By Nkiruka Nnorom MONEY MARKET Union Bank of Nigeria Plc has recorded N15.9 billion in Profit Before Tax (PBT) for the nine month ended September 30, 2020, representing two percent increase over N15.5 billion posted in 2019. The bank’s financial statement for the period showed that it grew its gross earnings by six percent to N18.8
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Afreximbank grows assets to $19bn

Afreximbank grows assets to $19bn

By Emma Ujah, Abuja Bureau Chief African Export-Import Bank (Afreximbank) grew its total assets to $19.33 billion as at 30 September 2020, up 34% from $14.44 billion as at the end of last year. This was contained in the bank’s unaudited financial statements released on Monday with an explanation that the result was achieved primarily
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