BY TEMITOPE ADEBAYO Union Bank of Nigeria has reaffirmed its long-standing commitment to quality education by sponsoring the 11th edition of the Maltina Teacher of the Year Award, under its flagship Edu360 initiative. The Bank, in partnership with Nigerian Breweries Plc and the Felix Ohiwerei Education Trust Fund, continues to recognise and reward outstanding teachers […]
BY MOTOLANI OSENI Union Bank of Nigeria has rewarded another set of customers in the ongoing Save and Win Palli Promo 4 campaign. Six lucky customers each won a brand-new motorcycle, and 120 additional winners won cash prizes. The third monthly hybrid live draws were transparently conducted in Lagos under the supervision of relevant regulatory […]
BY TEMITOPE ADEBAYO Union Bank, one of Nigeria’s leading financial institutions, has rewarded three customers with tricycles in the second monthly draw of its ongoing ‘Save and Win Palli Promo 4’ campaign. The draw, held at the bank’s Douglas Road branch in Owerri, Imo State, also saw 120 winners receive a total of N7,800,000. Sixty […]
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 previously awarded Payment Card Industry Data Security Standard (PCIDSS) version 3.2, recognises the Bank’s […]
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 […]
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 financial needs of women-led […]
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 […]
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 Tuesday, […]
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 […]
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 […]
.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 […]
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 […]
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 […]
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. […]
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 […]
…..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 […]
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 […]
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 […]
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 guests at the […]
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 […]