The Central Bank of Nigeria (CBN) has imposed fines of N150 million each on nine Deposit Money Banks (DMBs) for failing to dispense cash via Automated Teller Machines (ATMs) during the festive season.
Union Bank Plc and a family have not come to terms regarding a judgment of a High Court in Lagos, which recently awarded N112,050,000 against the bank for wrongly selling the latter's property located at No. 6, Moore Road, Ikoyi, Lagos State, at a grossly undervalued price of N60 million.
Swift Networks will appeal a judgment by the Federal High Court in Lagos, that granted Union Bank an interim order of Mareva Injunction.
From FMN's commercial paper issuance to Coronation Group's license acquisition, these stories highlight the defining moments from Corporate Nigeria last week. Enjoy.
Shareholders will receive N7.00 per scheme share as consideration for share transfer following the acquisition of shares held by all minority shareholders in Union Bank Plc by Titan Trust Bank Limited.
Union Bank has received a court order to convene a meeting to consider or approve a Scheme of Arrangement between them and the holders of its fully paid ordinary shares.
Titan Trust Bank informed the BOD of Union Bank of an offer for the acquisition of all the shares held by the shareholders in Union Bank.
Union Bank Plc confirmed it sold its UK subsidiary, Union Bank UK for a cash consideration of N8 billion only.
Union Bank of Nigeria Plc has released its audited financial statements for the year ended 31st December 2022, revealing strong financial performance despite macroeconomic headwinds.
Union Bank of Nigeria (“Union Bank”) and Attijariwafa bank have signed a partnership agreement to support the Pan-African...
The bank explained that the growth in profits was supported by additional net interest income
Some minority shareholders of Union Bank Plc have expressed worry over the acquisition of the over 100 years old bank by Titan Trust Bank Limited.
