BUSINESSJul 23 · 06:39 UTCBLOOMBERGEmele Onu

Nigeria’s Biggest Bank Sees Profit Surge After Recapitalization

First HoldCo Plc, Nigeria’s biggest lender by market value, forecasts a profit increase this year following a capital injection that strengthened its balance sheet, reduced costs, and improved loan recoveries.

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First HoldCoorganizationNigeriaplacecapital injectiontopicbalance sheettopicloan recoveriestopiccoststopic

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