Tag Archives: Union Bank

Union Bank Plc on Thursday announced its financial statement for the year ended 31st December 2017 to the investing public, even as the bank’s performance notwithstanding the contraption in the domestic economy, showed a 26 per cent rise in the group gross earnings to N163.8 billion. It will be recall that following an oversubscribed rights issue that raised approximately N50 billion …

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Union Bank, one of Nigeria’s most trusted financial institutions, in collaboration with Connect Nigeria has announced the launch of the Top 100 Emerging SMEs campaign at the just concluded eBusiness fair for Small to Medium Enterprises (SMEs) which held recently at the Eko Hotel & Suites in Lagos. The eBusiness fair, organized by Connect Nigeria and sponsored by Union Bank, …

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Over 1000 investors, startups, hardware/software professionals, business developers, policy makers and other key stakeholders in the startup and technology sector recently converged at the Landmark event Centre in Lagos for the 2018 Techpoint Build event. The event, which is a brainchild of the Techpoint.ng team was tagged ‘Using technology to accelerate the nation’s economy’. The event which sponsored by Union …

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Union Bank, one of Nigeria’s longest serving banking institutions, has been named ‘The Fastest Growing Retail Bank, Nigeria’ in the 2017 edition of the International Finance Magazine (IFM) Awards. The award was presented at the IFM Award ceremony which took place this January in Dubai, United Arab Emirates. The IFM Award is a leading international award that celebrates excellence within …

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Union Bank of Nigeria Plc has announced its membership of Business Call to Action (BCtA) with a commitment 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. Launched at the United Nations in 2008, BCtA aims to accelerate progress towards the Sustainable Development Goals (SDGs) …

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Barring all odds, Union Bank of Nigeria Plc will use 80 per cent of its proceed from ongoing Right Issue for working capital, Managing Director, Emeka Emuwa has said. He disclosed this on Wednesday October 11, 2017 at the Lagos floor of the Nigerian Stock Exchange (NSE). Emuwa who presented the bank facts behind the offer to the stockbroking community …

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Union Bank of Nigeria (UBN) Plc has concluded arrangements to float its N50 billion rights issue on Wednesday as the first generation bank seeks to regain its leadership in the banking industry. Union Bank plans to raise N49.745 billion from existing shareholders through a rights issue of 12.133 billion ordinary shares of 50 kobo each at N4.10 per share. The …

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There is good news for small businesses and farmers. They can draw from the N26 billion Agriculture and SMEs Fund, it was announced yesterday. Union Bank Managing Director Mr Emeka Emuwa broke the news in Abuja at the end of the Bankers Committee meeting. He said the board of the Agriculture and SMEs Fund had been inaugurated. The N26 billion …

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Union Bank of Nigeria has unveiled a plethora of digital banking solutions in Lagos.  The solutions include a new version of its mobile banking app, UnionMobile, and *826#, a unique USSD code which will allow customers perform banking transactions through short code messaging on their mobile phones. The Bank also revealed its upgraded online banking platform, UnionOnline, with aesthetic improvements, …

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Shareholders at the  48th Annual General Meeting  of Union Bank Plc plans to  launch a rights issue in the second quarter of 2017 to raise up to Fifty Billion Naira (N50 billion) in Tier 1 capital as it looks to accelerate business growth and position as a leading commercial bank in Nigeria. The additional funding will also allow the bank …

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