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Why shareholders approved Union Bank UK sale
Banking

Why shareholders approved Union Bank UK sale

The recent sale of Union Bank UK, a subsidiary of Union Bank Plc to Fidelity Bank has been attributed to its poor performance in recent times. According to Nairametrics, it was revealed that shareholders approved the sale of the bank in their recent Extra Ordinary General Meeting because it has been reporting losses as against […]

Fidelity Bank to take over Union Bank UK
Banking

Fidelity Bank to buy Union Bank UK

Fidelity Bank Plc has revealed its plans to acquire a 100 per cent equity stake in Union Bank Plc in the United Kingdom. The Bank via a corporate filing on the Nigerian Exchange Limited on Tuesday said the Central Bank of Nigeria had issued ‘No Objection’ to its proposed acquisition of the bank which commenced […]

Banking News

10 banks lend customers N2.9tn in 12 months

Between December 2020 and December 2021, the combined loan portfolio of 10 Deposit Money Banks in Nigeria rose by N2.9tn, data collated from their audited financial statements show. The banks are Stanbic IBTC, Fidelity Bank Plc, Sterling Bank, Wema Bank, First City Monument Bank, Access Bank Plc, Guaranty Trust Bank Plc, United Bank for Africa […]

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