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UBA, DEG sign N20.5bn term loan to support SMEs in Nigeria

United Bank for Africa (UBA) Plc and Deutsche Investitions- und Entwicklungsgesellschaft mbH, the German Development Finance Institution, have entered into a partnership aimed at supporting small and medium scale businesses (SMEs) in Nigeria. To this end, both institutions have signed a $50million (N20.5billion) term Facility Agreement. The facility with a tenor of six years is…

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