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Business News

COVID-19: Union Bank closes some branches, downgrades activities in FCT, Lagos, Ogun

Union Bank of Nigeria has shut down a number of its branches nationwide while maintaining skeletal activities in some others, and full operations in a few.

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Union Bank reports 33% growth in PBT for FY2019, Union bank releases FY 2019 financial result, records profit increase,Union bank releases FY 2019 financial result, records profit increase, COVID-19: UBN activates Flexiwork, COVID-19: Union Bank closes some branches, downgrades activities in FCT, Lagos, Ogun, Union Bank seals $40million partnership with IFC.

Union Bank of Nigeria has shut a number of its branches nationwide while maintaining skeletal activities in some others, and full operations in a few.

In a message to its customers, the bank said, “Due to the impact of COVID-19, we are modifying how we serve you. Bank safely with Union mobile and cards.”  

The modification will see most branches across the country shut with only the Automated Teller Machines operational, while some will stay open but only accept envelope deposits in order to prevent crowd in the banking halls. Only a few branches in major cities will still have full operations.

In Lagos State, where the lockdown is total, 11 branches including the head office at Marina, Herbert Macaulay Way Yaba, Oba Akran Avenue, Ikeja, 3rd Avenue Festac Town, Ikorodu, and Adeola-Odeku will remain fully operational while the branches at Tinubu Square and Western Avenue will keep the ATMs operational and receive envelope deposits only.

[READ MORE: COVID-19: Lagos state has recorded no deaths)

A total of 38 branches, including the branches at Lawanson Surulere, Ogudu, Oshodi, Oregun, Agege, will only have the ATMs operations while the banking hall would be shut.

Union Bank's statement

The FCT will only have 3 branches fully operational: Kubwa, Wuse II and Abuja Municipal. The banking hall in other branches will be shut to walk-in customers, but the ATMs would be available for use.

In Ogun State, where the lockdown is also effective, the branch at Onikolobo Road Abeokuta will be fully operational, while the branch at Ijoku, Sagamu will only receive envelope deposits with its ATMs available for use.

All other branches will only have ATMs functional for customers.

READ MORE: COVID-19: Startups groan over losses, may shutdown in months

During the presidential broadcast on Sunday evening, President Muhammadu Buhari had declared a total lockdown in the FCT, Lagos and Ogun states, exempting essential service providers including banks and financial institutions.

He, however, stated that these institutions and individuals are to maintain skeletal operations.

To view the full list of Union bank branches operational across Nigeria, click here.

Jaiz bank

Ruth Okwumbu has a MSc. and BSc. in Mass Communication from the University of Nigeria, Nsukka, and Delta state university respectively. Prior to her role as analyst at Nairametrics, she had a progressive six year writing career.As a Business Analyst with Narametrics, she focuses on profiles of top business executives, founders, startups and the drama surrounding their successes and challenges. You may contact her via [email protected]

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Coronavirus

Covid-19: WHO approves China’s Sinopharm vaccine

WHO has announced the approval of China’s Sinopharm vaccine for Covid-19 vaccination.

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Covid-19: First world nations oppose waiving intellectual rights for vaccine development

The World Health Organization (WHO) has announced the approval of China’s Sinopharm vaccine for Covid-19 vaccination.  The vaccine is reported to have 79% efficacy against covid.

This was disclosed today in a report by Reuters. The vaccine would also be the second Chinese-made vaccine after Sinovac vaccine and would be the first developed outside Europe and North America to receive WHO accreditation.

“This expands the list of COVID-19 vaccines that COVAX can buy, and gives countries confidence to expedite their own regulatory approval, and to import and administer a vaccine,” WHO Director-General, Tedros Adhanom Ghebreyesus said.

The WHO added that the easy storage requirements make it highly suitable for low-resource settings.

“Its easy storage requirements make it highly suitable for low-resource settings,” a WHO statement said while also disclosing that the vaccine has been approved for people above the age of 18 to receive two shots.

“On the basis of all available evidence, WHO recommends the vaccine for adults 18 years and older, in a two-dose schedule with a spacing of three to four weeks,” the statement added.

The vaccine was created by Beijing Biological Products Institute, a subsidiary of Sinopharm subsidiary China National Biotec Group, with an efficacy of 79% for all age groups.

The WHO however, admitted that few older adults (over 60 years) were enrolled in clinical trials, so efficacy could not be estimated in this age group.

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The quest for vaccine efficiency got a major boost earlier this week as Nairametrics reported that the United States government announced that it supports the waiver of Intellectual Property Protections on Covid-19 vaccine development, in a bid to boost the fight against the pandemic, and says it will participate in the Okonjo-Iweala-led WTO negotiation to make it happen.

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Obituaries

“Mama Taraba”, Former minister and senator, Aisha Al-Hassan is dead

Ex-Women Affairs minister, Aisha Jummai Al-Hassan, popularly known as Mama Taraba is dead

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A former Minister for Women Affairs and ex-Governorship Candidate in Taraba State, Aisha Jummai Al-Hassan, popularly known as Mama Taraba is dead.

According to media reports she died in a hospital on Friday in Cairo, Egypt at the age of 61.

Al-Hassan, who was a former senator of the Federal Republic of Nigeria from Taraba North Senatorial District, was the All Progressive Congress (APC) Governorship Candidate for Taraba in the 2015 general elections.

READ: Abba Kyari’s last letter to President Buhari

She later contested for the same seat on the platform of the United Democratic Party in the 2019 general elections after resigning from APC and as a minister in the administration of President Muhammadu Buhari on July 27, 2018.

The former senator was born on the 16th of September, 1959 in Jalingo, Taraba State, to Alhaji Abubakar Ibrahim, Sarkin Ayukan Muri.

READ: Chad’s President Deby dies of injuries suffered on the frontlines, as son takes over

Aisha Jummai Al-Hassan attended Muhammed Nya Primary School, Jalingo and LEA Primary School, Tudun Wada, Kaduna before proceeding to Saint Faith College (now GGSS) Kawo Kaduna where she studied between January 1973 and June 1977.

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