United Financial institution for Africa has signed a deal to begin full banking operations in France.
In a press release late Thursday, the banking group stated the landmark enterprise cooperation settlement with the French Finance Minister, Antoine Armand, was a part of President Bola Tinubu’s state go to to France.
In the course of the go to, the Chairman of UBA Group, Tony Elumelu, within the presence of Tinubu and the President of France, Emmanuel Macron, signed the settlement indicative of help by the French Authorities for the event of UBA’s full banking operations in France.
Talking on the signing ceremony, Elumelu stated, “This partnership reinforces our dedication to seamless worldwide banking companies for our prospects, not simply throughout the 11 Francophone African international locations we serve, however Africa as an entire and French and European prospects transacting with Africa.
“Increasing into France is a pure development, with Paris serving as our European Union hub as we proceed to convey Africa and the world collectively by means of revolutionary monetary options. Paris will be a part of London, New York, and Dubai as a essential element of our distinctive international community.”
With this settlement, UBA joins tier-1 banks in Nigeria, operating with a banking presence in France.
Tinubu arrived in France on Thursday for a two-day state go to, with each side seeking to deepen their financial and diplomatic ties.
It’s the first official state go to to Paris by a Nigerian chief in over twenty years.
Macron welcomed his counterpart with a heat greeting in Nigerian Pidgin English, stressing the cultural connection between the 2 leaders.
“Na large honour for France to welcome you for dis state go to,” he wrote on social media.
