The FMDQ OTC Securities Exchange last week admitted the ₦13.50 billion Union Bank of Nigeria Plc Bonds on its platform. The bonds comprise the Union Bank of Nigeria Plc ₦7.19 billion Series 1 and ₦6.31 billion Series 2 Senior Unsecured Fixed Rate Bonds under its ₦100.00 billion Debt Issuance Programme on its platform. Welcoming guest […]
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The Nigerian Stock Exchange has sanctioned eight banks with fines totalling ₦102.7 million for failing to file their financial statements at the regulatory date. The Exchange launched its new sanction regime for the delay in submission of companies’ results on January 1, 2018, saying companies might pay fines ranging from ₦100, 000 to more than […]
Read More Union Bank of Nigeria (Union Bank) has announced the retirement of Mrs. Oyinkan Adewale, an Executive Director and Chief Financial Officer (CFO) of the bank since 2012. The bank disclosed this in a statement at the weekend. Its Chief Executive Officer, Mr. Emeka Emuwa, said the board, management and staff of Union Bank were very […]
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Winners have emerged in the Union Bank Campus Innovation Challenge, following a pitch event which held recently in Lagos. The Innovation Challenge provided a platform for students of tertiary institutions to present innovative, technology-driven ideas that address social and business challenges, for a chance to attract financial and mentorship support from Union Bank of Nigeria […]
Read More Union Bank Nigeria Plc has said it expects to boost lending for the rest of this year after a ₦64 billion write-down in the first half caused its book to shrink. The Chief Financial Officer, Oyinkan Adewale, was quoted by Bloomberg as saying on a conference call on Tuesday that the lender’s loan book would […]
Read More Union Bank has announced the release of its second Citizenship, Sustainability and Innovation (CSI) report – an annual compendium which highlights the bank’s strategic approach, initiatives and impact made in the areas of Citizenship, Sustainability and Innovation within the last year. “The report touches on the impact Union Bank made within its host communities in […]
Read More -First quater profit leaps by 17.02% increase Frontline financial institution Union Bank of Nigeria Plc, has recorded a 5.09 per cent decease in its financial year ended December 2017 audited results released to the investing public on the Nigerian Stock Exchange (NSE), on Monday. A breakdown of the results showed that profit after tax decreased […]
Read More Union Bank of Nigeria (UBN) Plc has listed 51.299 million ordinary shares of 50 kobo each at the Nigerian Stock Exchange (NSE), pushing its total issued shares from 16.936 billion ordinary shares to 16.987 billion ordinary shares. The supplementary shares arose from the bank’s Long Term Transformation Incentive Plan (LTTIP). Union Bank had secured regulatory […]
Read More Union Bank Learning Academy has been awarded full accreditation status by the Chartered Institute of Bankers of Nigeria. The lender said the development was in recognition of its compliance with regulatory standards and best practices. This, it said, underscored its commitment to the development of its employees as outlined in its employee value proposition, a […]
Read More The chief executive officer and managing director of Union Bank of Nigeria Plc Mr. Emeka Emuwa has disclosed that 80 percent of proceeds from the ongoing right issue will deployed to enhance the working capital of the bank. Emuwa who stated this Wednesday on the floor of the Nigerian Stock Exchange, NSE, while addressing the […]
Read More As part of activities to mark its centenary anniversary, Union Bank of Nigeria Plc has celebrated with its customers and stakeholders in Abuja, Oyo and Enugu in appreciation of their commitment and support over the years. Recall that NEWSTAGE reported that the Bank celebrated its centenary anniversary with 100 banks earlier this year. The lender said […]
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Union Bank Nigeria Plc’s ₦50 billion Rights Issue opened for subscription, yesterday, just as Forte Oil Plc has put on hold its proposed ₦20 billion capital raising after receiving the approval of Securities and Exchange Commission, SEC. Union Bank is offering 12.1 billion ordinary shares of 50 kobo each at ₦4.10 per share to the […]
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