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Nigeria Records Slower GDP Growth Rate in Q1-2017; Sets to Exit Recession in Q2

May 26, 2017/Cordros Research Click here to download PDF Report Earlier this week, the National Bureau of Statistics (NBS) released Nigeria’s Gross Domestic Product (GDP) report for the first three months of 2017. The report shows that during the reference period, the economy contracted by 0.52% y/y (in real terms), […]

Fitch Assigns ‘B(EXP)’ Rating to UBA’s Senior Notes

May 23, 2017/Fitch Ratings (This statement was made by the rating agency on May 23, 2017) Fitch Ratings has today assigned an expected rating of ‘B(EXP)’ to United Bank for Africa Plc’s (UBA) proposed senior unsecured medium-term notes. UBA plans to raise between USD350 million and USD500 million of fixed-rate […]

UBA Announces Launch of $500 Million Eurobond

23/5/2017/NSE United Bank of Africa Plc (“the Bank” or “UBA”) is pleased to notify The Nigerian Stock Exchange (the “NSE”) and the investing public of its intention to launch up to USD500 million senior unsecured medium term debt notes (the “Notes” or the “Transaction”). The Bank intends to list the […]