Money

Union Bank upgrades to PCIDSS v4.0 certification

DailyTimesNGR DailyTimesNGR 12 August 2024 0

Union Bank, one of Nigeria’s most noteworthy and trusted financial institutions, has received another significant recognition with its recent attainment of the Payment Card Industry Data Security Standard (PCIDSS) version 4.0 certification. This notable achievement, which is an upgrade from the

Money

Union Bank advocates for environmental restoration, commemorates World Environment Day

DailyTimesNGR DailyTimesNGR 17 June 2024 0

BY TEMITOPE ADEBAYO Union Bank, one of Nigeria’s has reemphasised the need to preserve and restore the global habitat through sustainable environmental practices. This clarion call was made during an event organised in partnership with the Nigerian Conservation Foundation to commemorate this year’s World Environment Day. The program, held on June 5th, 2024, at the […]

Business

Union Bank, Women’s World Banking, other to implement ‘Digital Supplier Credit’ solution

Ihesiulo Grace 23 August 2023 0

By Temitope Adebayo In line with its commitment to enabling success for its customers, Union Bank has partnered with its parent company, TGI Group and Women’s World Banking, to introduce the ‘Digital Supplier Credit’ solution under its women’s banking proposition, αlpher. The ‘Digital Supplier Credit’ solution is designed to address the

Business

Union Bank partners TEDxLagos to boost Nigeria’s development

Ihesiulo Grace 4 June 2020 0

Union Bank has announced its partnership with TEDxLagos to host the annual TEDxLagos event for the third consecutive year. The collaboration is in line with the Bank’s efforts to support initiatives which boost Nigeria’s development for growth. TEDx is a global platform created in the spirit of TED’s mission, “ideas worth sharing”, and aims to […]

Business

AGM: Shareholders commend Union Bank for enhanced profitability, approve dividend payout

Ihesiulo Grace 6 May 2020 0

Shareholders of Union Bank of Nigeria Plc. have approved a dividend payout of N25Kobo per N0.50 ordinary share, while applauding the Bank’s strong performance and focus on shareholder value enhancement. READ ALSO: Bill Gates’ $10bn bribery allegation: Reps threaten action The shareholders, during the Bank’s first-ever virtual Annual General Meeting (AGM) which held on

Business

Union Bank declares N6.2bn profit in Q1 20202

Ihesiulo Grace 30 April 2020 0

Union Bank of Nigeria Plc has declared a Profit Before Tax (PAT) of N6.2 billion in its unaudited financial statements for the first quarter ended March 31, 2020, against N5.2 billion reported during the corresponding period of 2019. The result, which was released by the Nigerian Stock Exchange (NSE) on Wednesday shows that the PBT […]

Business

Zenith Bank, Union Bank debunk proposed acquisition

Ihesiulo Grace 18 March 2020 0

Zenith Bank Plc and Union Bank of Nigeria Plc have denied media report on the proposed merger or acquisition.   A report on Friday had it that   Zenith Bank   had reportedly been given approval to merge or acquire with another listed bank on the Nigerian Stock Exchange (NSE), Union Bank of Nigeria. The report by an […]

Business

Union Bank posts 33% increase in PBT to N24.7bn in 2019

Ihesiulo Grace 6 March 2020 0

.To pay dividend of N0.25 kobo after 11 years The management of Union Bank of Nigeria Plc on Thursday announced Profit Before Tax (PBT) increase of 33 per cent to N24.7 billion as against N18.7 billion reported in 2018. This is even as the lender for the first time since November 17, 2008, proposed a […]

Business

IFC, Union Bank to boost SMEs, Women-led Businesses with $25m

Ihesiulo Grace 28 February 2020 0

IFC, a member of the World Bank Group, today announced a $25 million local-currency investment in a risk-sharing facility to expand Union Bank’s lending to Small and Medium Enterprises (SMEs) in Nigeria. The facility, which will cover as much as 50 per cent of the risk of the bank’s loans to entrepreneurs aim to help […]

Banking Business

Union Bank of Nigeria to divest from UK subsidiary

Ihesiulo Grace 28 January 2020 0

Lagos – Union Bank of Nigeria (UBN) Plc has entered a share sale and purchase agreement to divest 100 per cent of its equity stake in Union Bank UK Plc (UBUK). The bank said this in a statement by its Company Secretary, Somuyiwa Sonubi, posted on the Nigerian Stock Exchange (NSE) website on Tuesday. It […]

Featured Law

203 ex-employees drag Union Bank to court over unpaid N16bn pension

Ihesiulo Grace 31 October 2019 0

Ibadan – No fewer than  203 former employees of the Union  Bank of Nigeria Plc on Thursday dragged the bank before the National Industrial Court, Ibadan, over unpaid N16.2bn balance of pension entitlements. Supreme Court ruling daylight robbery – Timi Frank The case was filed by Augustine Onu, Abegunde Solomon, Olanisebe Ezikiel and 200 others. […]

News

Union Bank boosts access to finance with BCtA

Ihesiulo Grace 18 January 2018 0

As part of effort to provide access to financial services to a minimum of 30,000 people from low income communities within 11 states across Northern Nigeria by 2020, Union Bank of Nigeria (Union Bank) has announced its membership of Business Call to Action (BCtA). BCtA, which was launched at the United Nations in 2008, aims […]

Business News

Union Bank assures shareholders over N50bn rights issue

Ihesiulo Grace 12 October 2017 0

…..as 80% rights proceeds goes to operations Union Bank of Nigeria (UBN) Plc, on Wednesday, said its ongoing N50 billion rights issue would position the bank to pay enhanced dividends to its shareholders. UBN Managing Director, Mr Emeka Emuwa, made the disclosure at the bank’s “facts behind the offer’’ on the floors of the Nigerian […]

Capital Market

Morison, UBN seek N502m, N49.7 bn rights’ issue

Ihesiulo Grace 27 August 2017 0

Due to the prevailing high cost of borrowing from financial institutions in the country, Morison Industries Plc and Union Bank, like other quoted companies who are in dire need of capital, have resorted to applying for a rights issue to be approved by the Nigerian Stock Exchange. In Morison Industries Plc’s proposed, but yet to […]

Banking

Union Bank excites customers with 100th anniversary promo

Ihesiulo Grace 26 April 2017 0

Union Bank, has kicked off its 100th anniversary promotion with lots of rewards and giveaways for customers all through this year. The customer promotion, which is part of activities to mark the bank’s centenary anniversary in 2017, is unprecedented, as customers stand a chance of winning a brand new car each quarter for simply updating […]

Business

Union Bank launches 5 upgraded branches in Edo

Ihesiulo Grace 9 March 2017 0

To celebrate its 100-year milestone while delivering on its promise to provide consistent banking solutions, Union Bank Plc, one of the longest-standing innovative banks in Nigeria, recently launched five state-of-the-art branches in Edo State. The upgraded branches are located at Akpakpava Street, Mission Road, Ugbowo branch, Agbor Road and Ekpoma branch. Addressing

News

N5.5b court suit: My victory over union bank divine – Fr. Mbaka

Ihesiulo Grace 14 February 2017 0

The Director, Adoration Ministry, Enugu, Rev. Fr. Ejike Mbaka, has described his legal victory over the Union Bank Plc as divine. An Enugu State High Court had while delivering judgement between the cleric and the union bank in suit No ‎E/56/10, awarded the sum of N5.5 billion in Mbaka’s favour. Reacting to the verdict on […]