Nigeria: UBA Commits U.S.$700 Million to Power Sector Privatisation

30 January 2014

United Bank for Africa Plc (UBA) said it supported the recent privatisation of the power sector with $700 million (N113 billion) thorough funding to different investors.

A statement from the bank quoted its Group Managing Director/Chief Executive Officer, Mr. Phillips Oduoza, to have made this remark while speaking at the recently concluded World Economic Forum (WEF) in Davos, Switzerland.

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