Nigeria’s first-tier bank, United Bank for Africa Plc has seen revenue grow by almost double from N557.2bn to N1.07tn despite the setbacks that financial institutions in Africa’s biggest economy faced in 2023 on account of the naira redesign and exchange rate depreciation.
The company’s pre-tax profit beat expectations after the lender grew it from N200.87bn in 2022 to N757.68bn which represents a 277.18 per cent growth.
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