Petro Union, CBN, UBN £2.5billion case resumes tomorrow at Supreme Court
The Supreme Court will tomorrow continue its hearing in the case involving the Central Bank of Nigeria (CBN), Union Bank of Nigeria (UBN) and an oil and gas company - Petro Union Oil and Gas Limited...
Financial stocks lift NSE’s market capitalisation by N15 billion
Gains recorded by some financial stocks, especially Guaranty Trust Bank (GTB) and Union Bank of Nigeria (UBN), yesterday lifted market capitalisation by N15 billion.
Stock market reopens upbeat as index rises 1.38%
The local bourse, reopened the week on a positive note yesterday, as buying interest in Dangote Cement, and 29 other stocks pushed the index by 1.38 per cent.
Union Bank posts N12.1b H1 profit, deposits up 4 per cent
FOR the half-year (H1), which ended June 30, 2019, Union Bank of Nigeria (UBN), posted an N12.1 billion Profit Before Tax (PBT), a four per cent growth over the ₦11.7 billion reported in H1 2018.
Wema Bank, Presco, others lead stock market’s N95 billion loss
The bears sustained hold on the equities sector of the Nigerian Stock Exchange (NSE) yesterday, as more blue-chip stocks depreciated in price, especially Wema Bank and Presco, causing the All-Share Index to decline further by 0.01 per cent. Specifically, the All-Share Index shed 3.46 absolute points, representing a dip of 0.01 per cent to close…
Price depreciation drag NSE’s indices by N89 billion
At the end of yesterday’s transactions on the equity sector of the Nigerian Stock Exchange (NSE), price depreciation on the shares of 21 companies, especially Meyer Plc and UAC Property pulled market capitalisation by N89 billion.
UBN’s ex-workers flay Pencom over alleged non-remittance of N43b
The 6,748 retired workers of Union Bank of Nigeria (UBN) have accused the bank for not paying their N42.77 billion 11 years after their exit from the bank. The former staffers who are agitating for the remittance of outstanding pension arrears under the aegis of Grand Progressive Association of Contributory Pensioners of Union Bank of…
Share conflict suit for hearing September 26
The suit filed in Federal High Court, Lagos by an 80-year-old shareholder, Prince Babasola Thomas on behalf of his siblings against Union Bank of Nigeria (UBN) Plc, for the restoration of his 1,114,886 Unilever Nigeria Plc shares will resume hearing on September 26.