Union Bank of Nigeria
Rising COVID-19 cases, gloomy outlook drag NSE's index by 0.72%
Following rising cases of COVID-19 and gloomy economic outlook, the domestic bourse retreated after two consecutive weeks of gains last week, causing the NSE All-Share Index
Stock market ends rally with N49 billion plunge
Following price losses suffered by most blue-chip stocks, the Nigerian equities market reopened on a downturn yesterday, as market capitalisation lost N49billion in value.
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.
Bellwethers pushes stock market index by 0.02%
The Nigerian equities market recorded marginal appreciation yesterday, occasioned by gains in some blue chip stocks, as index increased 0.02 per cent.
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…
Stock market reopens bearish, indices down by N7 billion
Transactions on the trading floor of the Nigerian Stock Exchange (NSE) reopened on a downward note yesterday, following price losses...
Union Bank retires executive director, Adewale
Union Bank of Nigeria has announced the retirement of Mrs. Oyinkan Adewale, Executive Director and Chief Financial Officer (CFO) of the Bank since 2012. Chief Executive Officer of Union Bank, Emeka Emuwa, said the board, management and staff of Union Bank are very grateful...
Bank takes over firm’s property over alleged N5.2b debt
Union Bank of Nigeria Plc and its appointed receiver/manager, Gbenga Akinde-Peters have taken over landed property belonging to A-Z Petroleum Products Limited over the firm’s N5.2 billion debts.
Lawyer faults NBA over bank’s free legal services
A Lagos-based lawyer, Mr. Johnson Esezoobo, has condemned the national body of the Nigerian Bar Association (NBA), for its response against the move by the Union Bank of Nigeria to provide free legal services to the public. The bank had announced it seeks to offer legal services such as company incorporations, contracts, mediation and arbitration,…
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…