BREAKING:  UBA announces 9% increase in profit

United Bank for Africa (UBA) on Friday announced about nine per cent increase in profit, according to its audited result and accounts for the period ended December 31, 2021.

The Pan-African bank reported N118.7billion profit in 2021 from N109.16billion reported in 2020.

Profit before tax also grew by 20.1 per cent to N153.07billion in 2021 fro N127.3billion in 2020.

…more details shortly

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