Home Topics Union Bank

Union Bank

Nigerian Stock Exchange NSE

NSE: Trading defies inflation figure, index up 0.90 per cent

The Nigerian Stock Exchange (NSE) All-Share Index on Friday rose by 0.90 per cent in spite of rise in inflation rate recorded in December 2019.

Nigerian banks attract $4.74 billion foreign investments in six months

Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn.

203 former employees drag Union Bank to court

No fewer than 203 former employees of the Union Bank of Nigeria Plc on Thursday dragged the bank before the National Industrial Court, Ibadan, over unpaid N16.2bn balance of pension entitlements.
Nigeria can become a stronger and more prosperous nation if states have more powers, according to Vice President Yemi Osinbajo, SAN.

VP Osinbajo warns churches on use of social media

Vice-President Yemi Osinbajo on Thursday advised leaders of different faith to be careful with the use of social media in order to avoid promoting conflicts.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Bank server hacked, company’s N752 million stolen – auditor tells court

A Federal High Court in Lagos has heard how thieves hacked United Bank for Africa (UBA) Plc computers and stole N752 million from a Flour Mills of Nigeria Plc, account.
The Economic and Financial Crimes Commission, EFCC, Port Harcourt Zonal office has arraigned Gladys Udia before Justice M. L Abubakar of the Federal High Court in Port Harcourt, Rivers State, on a seven-count charge bordering on conspiracy, stealing, forgery and alteration to the tune of N3,476,700.

Bank staff arraigned for ‘stealing’ customer’s N3.47 million

The Economic and Financial Crimes Commission, EFCC, Port Harcourt Zonal office has arraigned Gladys Udia before Justice M. L. Abubakar of the Federal High Court in Port Harcourt, Rivers State, on a seven-count charge bordering on conspiracy, stealing, forgery and alteration to the tune of N3,476,700.

Union Bank chairman passes on

The Board of Union Bank of Nigeria Plc has announced the passing of Mr. Cyril Odu, Chairman of the Bank’s Board.
The Controller of the Nasarawa State Command of the Nigeria Correctional Service, Emmanuel Okoro, on Thursday refuted reports by a section of the media which claimed there was a jail break at the Keffi Old Prison.

Man jailed for using expired ATM card to buy drinks, fried meat in Edo

A 51-year old man, Ikidi Innocent, is to spend three months in jail for using expired Union Bank ATM card to buy drinks and fried meat.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

Businessman drags EFCC, NCAC, others to court for freezing his 12 bank accounts

A 54-year-old man, on Monday, sued the Economic and Financial Crimes Commission (EFCC) and the National Council for Arts and Culture (NCAC) over an alleged unlawful freezing of his thirteen bank accounts.

University of Lagos gets N5 billion for research

The University of Lagos (UNILAG) was able to attract up to N5 billion in research in the past one year, a lecturer in the university has said.

Tax: Akwa Ibom government seals off Ecobank, Union Bank premises

The Akwa Ibom State government has sealed the premises of Ecobank in Uyo over alleged tax default.

Federal government files motion seeking forfeiture of N2 billion, properties linked to PEF official

The federal government has filed an application before the Federal High Court in Abuja seeking for interim forfeiture of monies and properties allegedly traced to an official of Petroleum Equalization Fund (PEF).
Telecommunications operators have blasted the Nigerian Civil Aviation Authority (NCAA) over its threat to demolish about 7000 mast, largely owned by Global System for Mobile communication (GSM) service providers in the country.

NCAA begins 8,805 telecom masts demolition

The Nigerian Civil Aviation Authority (NCAA) on Tuesday said it will demolish 8,805 masts belonging to Globacom Nigeria Limited, banks and other financial institutions.

Shareholders approve Union Bank’s N54.5 billion capital restructuring

Shareholders of Union Bank of Nigeria (UBN) Plc have approved a proposal to cancel N54.46 billion accumulated permanent losses in the books of the commercial bank.

NIRSAL secures fresh N4.5 billion from three banks for farmers

The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.

Union Bank shareholders endorse N54.4 billion share premium reduction

Shareholders of Union Bank of Nigeria (UBN) on Tuesday endorsed the proposed reduction of N54.4 billion from the bank’s share premium account aimed at restructuring its balance sheet for optimal performance.

Bank customers decry poor ATM services during Sallah

Bank customers in the Federal Capital Territory (FCT), on Tuesday decried poor network and insufficient funds in most Automated Teller Machines (ATMs).

Debt: Court dismisses bank’s suit against Petrocam

The Federal High Court in Lagos has dismissed a suit filed by Union Bank Limited seeking the recovery of an alleged debt from a multinational firm, Petrocam Trading.

Recent Stories

Manchester City defender Nicolas Otamendi is a target for former club Valencia. Getty - Contributor

La Liga side ‘line up transfer’ for Man City centre-back

La Liga side Valencia are ‘weighing up a move’ to bring Man City centre-back Nicolas Otamendi back to the Mestalla Stadium, report The Sun.
Femi Fani--Kayode

Lawyer’s absence stalls Femi Fani-Kayode’s ‘N5.9 billion fraud’ trial

A Lagos Division of the Federal High Court on Thursday adjourned the trial of former aviation minister, Femi Fani-Kayode, due to the absence of one of the defence lawyers.
Super Eagles prospect, Sebastian Osigwe has backed Gernot Rohr’s men to qualify for Qatar 2022 and reiterated his desire to represent Nigeria ahead of Switzerland

Sebastian Osigwe: It’ll be a dream to play for Super Eagles

Super Eagles prospect Sebastian Osigwe has backed Gernot Rohr’s men to qualify for Qatar 2022 and reiterated his desire to represent Nigeria ahead of Switzerland.
EDITORS NOTE: Graphic content / Members of Islamic Movement of Nigeria (IMN) wave flags and chant slogans as they take part in a demonstration to protest against the imprisonnement of a Shiite, in Abuja, on October 29, 2018. - The army and police confronted members of the Islamic Movement of Nigeria (IMN), the group's spokesman Ibrahim Musa told AFP, amid reports of casualties. Rights groups have accused Nigeria's military of killing more than 300 IMN supporters and burying them in mass graves during the 2015 confrontation, a charge the military strongly denies. (Photo by Sodiq ADELAKUN / AFP)

IMN: Shi’ites can’t be reason for US visa restriction on Nigeria

The Islamic Movement in Nigeria, also known as Shi’ites, said that there was no basis for the United States to extend visa restrictions to Nigeria simply because of their activities in the country.
An FCT High Court, Maitama, on Wednesday fixed Jan. 27, 2020 for Olisa Metuh, a former PDP spokesman, charged with criminal destruction of evidence to open his defence.

Sherif vs Atiku: Court adjourns custody hearing to January 27

Hearing in the case instituted by Maryam Sherif, divorced wife of Alhaji Atiku Abubakar, son of Nigeria’s former Vice President, for custody of their children, has been adjourned to Monday 27th January 2020.