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Tag: Union Bank

Union Bank raises employee salaries by 40% amid rising cost of living
Business

Union Bank completes Titan Trust Bank merger after CBN approval

Union Bank of Nigeria, one of the country’s oldest financial institutions, has completed its merger with Titan Trust Bank Limited after securing final approval from the Central Bank of Nigeria. In a statement, the bank’s Head of Brand and Marketing, Mrs. Olufunmilola Aluko, said the merger—initiated with a Share Sale Agreement in 2021—strengthens Union Bank’s […]

Union Bank exit crashes NGX cap to N132bn
News

Union Bank affirms commitment to empowering children

Union Bank of Nigeria has affirmed its commitment to empowering Nigerian children during this year’s Children Day’s celebration. This disclosure was made by the Managing Director/Chief Executive Officer, Yetunde Oni during the bank’s special Barnyard Fiesta, themed ‘For Every Child, Every Right’ at its multiple-purpose Sports complex, held in Lagos, according to The Punch. Kids […]

Emefiele's proxy-run TTB denies fraudulent Union Bank acquisition
Business

Emefiele’s proxy-run TTB denies fraudulent Union Bank acquisition

Christin George Titan Trust Bank has blasted the Central Bank of Nigeria investigator, Jim Obazee-led panel over the report of the apex bank’s activities. The new generation bank claimed that there was no fraud in the acquisition of Union Bank. Recall that the Obazee-led panel had, on Wednesday, submitted the report of investigations into the […]

Fintech, partners to purchase Union Bank's loan portfolios
News Tech

Fintech, partners to purchase Union Bank’s loan portfolios

Bisola David A German-Nigerian fintech startup, BFREE, and some of its international funding partners have hinted at the prospect of acquiring some of Union Bank of Nigeria’s impaired loan portfolios. According to The Punch, BFREE and Union Bank signed a Memorandum of Understanding during the German-Nigerian Business Forum in Berlin which may permit the acquisition, according to […]

Fidelity Bank extends GMD/CEO contract
Business

Fidelity bank completes acquisition of Union Bank UK

Fidelity Bank Plc has completed the acquisition of a 100% share in Union Bank Plc UK. The Times reported that this information was made public in a press release sent to Nigeria Exchange Limited. The acquisition, according to the bank, is intended to support its “strategic initiatives on international expansion.” A large amount of value […]

Banking

Union Bank, Morocco’s Attijariwafa partner to boost cross-border trade

Union Bank of Nigeria has entered into a partnership agreement with Morocco’s Attijariwafa Bank in order to support their shared vision for Pan-African development. With this business partnership, Union Bank which happens to be one of Nigeria’s oldest financial institutions, seeks to reach a wider audience outside of the country. Customers of Union Bank in […]

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 […]

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