The Office of the Special Investigator probing the Central Bank of Nigeria (CBN) has summoned the Chairman of Titan Trust Bank (TTB), Mr. Tunde Lemo, and two other shareholders of the bank to a “follow-up meeting” in Abuja on Thursday over the controversial acquisition of Union Bank of Nigeria last year. The summons were issued hours after Lemo, a former …

Union Bank of Nigeria has reiterated its commitment to providing easy access to capital for Small and Medium-sized Enterprises (SMEs) in the country to boost the growth and profitability of the sector. At the 2023 edition of the ‘Top 100 Fastest Growing SMEs in Nigeria’ conference recently hosted by BusinessDay newspaper, the Area Business Executive of Union Bank, Gloria Omereonye …

Luxembourg-based Universal Green Energy Access Programme (UGEAP), and Union Bank of Nigeria have formalised a strategic partnership to catalyse the development of the renewable energy market in Nigeria. This collaboration, marked initially by a Memorandum of Understanding (MoU), aims to drive sustainable energy access for households and small and medium businesses across Sub-Saharan Africa, primarily focusing on Nigeria. A 15-year …

Union Bank of Nigeria said it has notified all stakeholders about the final process of obtaining approval to delist its shares from the Nigerian Exchange Group (NGX). The bank said in a statement that, upon completion of the process, its shareholders would receive a scheme consideration of N7.70 per share. Last May, Union Bank had received an offer from its …

The Niger Delta Development Commission (NDDC) will partner with financial institutions to assist women to access finance to enhance their livelihood, according to its Managing Director, Dr Samuel Ogbuku. During a courtesy visit by a delegation of Union Bank Nigeria at the NDDC headquarters in Port Harcourt, Ogbuku pledged to partner on women empowerment in the Niger Delta region. He …

Union Bank of Nigeria, a leading financial service provider, has released its 2022 Citizenship, Sustainability, and Innovation (CSI) report, outlining its efforts across three pivotal areas – Citizenship, Sustainability and Innovation. The seventh edition of the report, titled ‘Driving Inclusive Growth; Impacting Lives, Enabling Success’, provides an extensive overview of Union Bank’s ongoing commitment to fostering a sustainable future. It …

Fidelity Bank has agreed to take over the United Kingdom unit of Nigeria’s second oldest lender, Union Bank. In a statement by Fidelity Bank on Tuesday, it said that this new development is the latest phase in the train of divestments by Union Bank which began late last year. At that time, Union Bank offloaded 90 percent of its shareholding to …