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Why Hakeem Belo-Osagie Sold UBA For $250m After Saving It From Bankruptcy

Joy Onuorah, THEWILL -
Hakeem Belo-Osagie says buying UBA was meant to be an investment, not a lifelong banking career. He discovered the bank was effectively bankrupt weeks after the acquisition and spent years rebuilding it. The turnaround came with mass restructuring,...
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BusinessOgochukwu Onwaeze, THEWILL -

NGX Extends Losses as ASI Falls 1.05 Percent, Market Breadth Turns Bearish

The ASI opened at 244,802.11 points but fell by 2,579.01 points to close at 242,223.10 points. Market capitalisation, however, remained unchanged at N158.721 trillion between the opening and closing figures provided for the session.
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