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Union Bank of Nigeria

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.

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.
Nigerian Stock Exchange NSE

NSE indices record 0.21 percent loss

The Nigerian Stock Exchange (NSE) market indices shed 0.21 per cent due to loses in some blue chips.

Chris Okunowo emerges new Directors Institute president

Chief Chris Olufunmilola Okunowo, F.IoD, a renowned legal practitioner and businessman has been elected as the 16th president of the Institute of Directors Nigeria (IoD) for a two-year tenure.

Airtel Africa’s shares drop by 9.99 per cent

Airtel Africa shares dropped by 9.99 per cent on the Nigerian Stock Exchange (NSE) a day after listing, forcing the market indices to close on negative region.

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.

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.

MTN Nigeria lifts trading on NSE, records 10 percent growth second trading day

MTN Nigeria Communications Plc for the second trading day appreciated by 10 per cent due to high demand for the equity on the Nigerian Stock Exchange (NSE).
Nigerian Stock Exchange NSE

NSE all-share index rises 0.85% as Bellwether stocks lift market

Chams Plc led the price gainers with 10 per cent following investors sustained their high demand for the stock after it recovered from a loss in 2017 to profit last year.
Nigerian Stock Exchange NSE

NSE: All-Share Index drops marginally by 0.06 per cent in cautious trading

Trading resumed on the nation’s bourse for the week on Monday still on a negative trend, declining marginally by 0.06 per cent in a cautious trading.
UK

Report: Former CBN chief, wife buy N15.6 billion property in UK

Paul Ogwuma, former governor of the Central Bank of Nigeria (CBN) and his wife have acquired property worth £33 million (N15.6 billion), a UK investigative journalism magazine has revealed.
Nigerian Stock Exchange NSE

Elections: NSE market capitalization decreases further by N196bn

Trading on the Nigerian Stock Exchange (NSE) on Thursday continued to react negatively to the outcome of the presidential election with the market capitalisation losing N196 billion to close below N12 trillion mark in February.
Nigerian Stock Exchange NSE

Election: Nigeria stock market loses N85 billion in six hours

The market capitalisation of listed equities on Tuesday shed N85 billion in six hours of trading to what traders attributed to profit taking as a result of the presidential poll.
Nigerian Stock Exchange NSE

NSE: Market indices improve by 0.12 per cent

The market indices of the Nigerian Stock Exchange on Thursday recorded marginal growth of 0.12 per cent.

Union Bank introduces TechVentures to support tech-based businesses

Union Bank of Nigeria Plc on Monday launch TechVentures, a unique banking proposition aimed at providing tailored services to technology companies in their various stages of business life cycle.
Nigerian Stock Exchange NSE

NSE: Bears on rampage, market capitalisation loses N136bn

The bears at the Nigerian Stock Exchange (NSE) continued to dominate trading for the fifth trading days in 2019 with the crucial market indicators declining further by 1.20 per cent.

FMDQ admits N13.50 billion Union Bank bonds

FMDQ OTC Securities Exchange has listed Union Bank of Nigeria Plc’s N7.19 billion Series 1 and N6.31 billion Series 2 Senior Unsecured Fixed Rate Bonds under its N100.00 billion Debt Issuance Programme on its platform.
Nigerian Stock Exchange NSE

NSE Index rises by 0.37% after two days downward trends

Activities closed for the week on the Nigerian Stock Exchange on a positive trend following gains recorded by some highly capitalised stocks after two consecutive days losses.

Recent Stories

The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 6

House of Reps moves to separate attorney-general from minister of justice

The House of Representatives is seeking to separate the office of the Attorney General of the Federation from that of the Minister of Justice, saying the separation will remove political interference in the operations of the Attorney General.
The number of Justices at the Supreme Court’s Bench has been reduced by one with the retirement of Justice Kumai Bayang Aka’ahs.

Justice Kumai Aka’ahs retires from Supreme Court

The number of Justices at the Supreme Court’s Bench has been reduced by one with the retirement of Justice Kumai Bayang Aka’ahs.

Rivers governor dares opponents, donates N20 million at book launch

Governor Nyesom Wike of Rivers State in Abuja on Tuesday dared his political opponents to do their worst as he donated N20m at the launch of a book titled, ‘The Big Interviews’, authored by Eric Osagie, a former Managing Director of The SUN.
There was wild jubilation in Sagamu on Saturday night after Anthony Joshua regained the WBA, IBF, and WBO heavyweight titles by defeating Andy Ruiz Jr.

Anthony Joshua replies Deontay Wilder, says tactics against Andy Ruiz deliberate

Anthony Joshua has defended his measured and tactful display against Andy Ruiz Jr, which saw him become a two-time heavyweight world champion.

Central bank expects 2.38% GDP growth by Q4

The Central Bank of Nigeria (CBN) expects to achieve 2.38 per cent Gross Domestic Product (GDP) growth rate in the fourth quarter of this year.