Tag: Union

CBN clears $64.44m forex backlog for airlines
Business News

CBN appoints new CEOs, MD for Union, Keystone, others

Following the Wednesday dissolution of the former board members, the Central Bank of Nigeria has appointed new board members for Union Bank, Keystone Bank, and Polaris Banks. The Central Bank of Nigeria attributed the dissolution to corporate governance shortcomings and regulatory non-compliance. Additionally, the apex bank admitted to engaging in acts that put its financial […]

Union Bank exit crashes NGX cap to N132bn
News

Union Bank exit crashes NGX cap to N132bn

Bisola David The removal of Union Bank of Nigeria’s shares from the Nigerian Exchange Limited’s Official Daily List on Monday resulted in a N132 billion decrease in market capitalization. According to The Punch, the Nigerian Exchange Group’s regulatory body, NGX Regulations Limited, sent out a notice to trading license holders on Monday, November 27, 2023, […]

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