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Nigeria
Businessman Tony Elumelu's bank on verge of securing French licence

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Tony Elumelu, chairman of the United Bank for Africa, in Washington, 15 October 2025.
Tony Elumelu, chairman of the United Bank for Africa, in Washington, 15 October 2025. © Ken Cedeno/Reuters

More than a year and a half after signing an agreement to open a Paris branch, Nigerian bank UBA is expected to receive authorisation from French officials in the coming weeks.

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