Tag: Union Bank

Union Bank pledges to support small businesses at Top 100 SME Conference

Jasmin Ekua, Banking & Finance

Leading financial institution, Union Bank of Nigeria, has reiterated their support for Small and Medium-sized Enterprises in the country to drive increased growth and development. This commitment was made during the recently held ‘Top 100 Fastest Growing SMEs in Nigeria’ conference hosted by Business Day newspaper. The event themed ‘How SMEs can thrive in an age of volatility’ was well attended by various stakeholders in the SME sector, including entrepreneurs, industry experts, start-ups, and financiers. The event had different panel sessions to discuss the multiple problems facing SMEs in Nigeria.…

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Towards A Stronger Union – Year 105 in Review

Jasmin Ekua, Banking & Finance

2022 was a remarkable year for Union Bank of Nigeria (“Union Bank”). The leading financial institution celebrated its 105th year of serving Nigerians with the announcement of the completion of a landmark transaction that saw the integration of the Bank with Titan Trust bank to form a stronger union. This announcement kicked off several noteworthy events and major milestones and Union Bank is pleased to recapitulate these milestones the Bank recorded in 2022. The noteworthy events in each month are summarised below under the respective headings. January 2022: Union Bank…

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Union Bank wins Global Finance Award for Best SME Bank in Nigeria

Jide Ige

Union Bank of Nigeria ‘Union Bank’ has been named as the Best Small and Medium Enterprises (SME) bank in Nigeria by Global Finance – a leading financial international publication, in its second annual 2023 SME Bank Awards. Global Finance seeks to help corporate leaders, bankers, and investors chart the course of global business & finance and has become a trusted standard of excellence for banks and their corporate partners. Honorees of the 2023 Best SME Bank Awards have been chosen globally across the following regions: Africa, Asia-Pacific, the Caribbean, Central…

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Union Bank and MobiHealth International Announce Partnership

Jasmin Ekua, Banking & Finance

Union Bank of Nigeria “Union Bank” has announced the first banking partnership with globally recognised telehealth services company Mobihealth International “Mobihealth” during a signing ceremony held at the United States Embassy in Abuja today. Mobihealth’s mission ‘to provide everyone with timely access to quality and affordable healthcare and healthcare providers from all over the world,’ has garnered international accolades and awards for the company and its founder Dr. Funmi Adewara, including recognition from the Bill & Melinda Gates Foundation and the United Nations Sustainable Development Goals. The company has also…

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Union Bank, WACOT Rice Kick Off Financial Inclusion Drive for Smallholder Farmers in Kebbi

Jasmin Ekua, Banking & Finance

As part of Union Bank’s commitment to driving financial inclusion in Nigeria, the Bank has partnered with WACOT Rice Limited – a rice processing company, to financially include 6,000 local farmers including youth and women in Kebbi State. The Kebbi Financial Inclusion Drive (KFID) which will cover four Local Government Areas – Argungu, Augie, Suru, and Dandi – is a critical part of WACOT’s Argungu Outgrower Expansion Project funded by the United States Agency for International Development (USAID) West Africa Trade Hub. This program is set to resolve the overwhelming…

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In the News: Fidelity Bank Acquisition of Union Bank UK

Jide Ige

We refer to the news regarding the announcement of the proposed acquisition of Union Bank UK Pic. (“UBUK”) by Fidelity Bank. Recall that in 2020, Union Bank of Nigeria Plc. (“UBN”) or (“the Bank”) in a regulatory filing issued to the Nigeria Stock Exchange (NGX), the Bank announced that it had entered a Share Sale and Purchase Agreement to divest 100% of its equity stake in Union Bank UK Plc following a competitive bid process. This sale was in line with Union Bank’s strategy to streamline its focus on growth…

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EFCC docks Union Bank, staff for cyber fraud

Jide Ige

The Economic and Financial Crimes Commission (EFCC), Makurdi Zonal Office, has arraigned one Amos Richard Chimaobi, a compliance and internal control staff of Union Bank Plc and, his employer, Union Bank Plc before Justice Mobolaji Olajuwon of the Federal High Court, Makurdi, Benue State. The defendants were arraigned on a four-count charge that border on criminal negligence and cyber-crime to the tune of N1, 245, 000.00 (One Million, Two Hundred and Forty-five Thousand Naira). One of the charges reads: “That you, Union Bank Plc, being a financial institution and you…

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Union Bank, Mama Moni establish innovation hub for low-income women

Jide Ige

LAs part of its commitment to boost women empowerment, talent development, and financial inclusion, Union Bank recently partnered with MamaMoni Empowerment Foundation to set up an Innovation Hub for low-income women and girls from urban slum communities. The hub, which is located in Amuwo-Odofin area of Lagos State, was formally opened on the 21st of May, 2019. The vocational training program has been established to enable the girls and women to build sustainable means of living. It is anticipated that each year, over 400 underprivileged beneficiaries will receive training in…

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Offa Robbery Gang Leaders Confessions: “How Sen. Saraki, Gov. Ahmed, CoS Abdulwahab gave us arms and ammunition

Jide Ige

The police have invited the Senate President, Bukola Saraki, over the Offa bank robberies on April 5 during which some policemen were killed and millions of naira stolen. He was asked to report to the Force Intelligence Response Team Office at Guzape, Abuja to answer to the allegations reportedly levelled against him by five alleged gang leaders involved in the robberies at First Bank, Guaranty Trust Bank, Ecobank, Zenith, Union Bank and Ibolo Micro-Finance Bank, all in Offa, Kwara State. The alleged gang leaders include Ayoade Akinnibosun, 37; Ibikunle Ogunleye,36; …

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