IFC, Union Bank partner to boost access to trade finance in Nigeria
The International Finance Corporation (IFC), a member of the World Bank Group, has partnered with Union Bank Plc to boost access to finance for local business and increase international trade for Nigeria.
Connect Nigeria Business Fair begins 27 August
Information portal and business service provider, Connect Nigeria will hold her annual event, the Connect Nigeria Business Fair, on August 27 and 28, 2020.
Union Banks shuts branch over employee's contact with coronavirus patient
Union Bank said it has closed a branch at Ikota, Lagos after its employee had a contact with a "now confirmed" case of novel coronavirus three weeks ago. The bank said another employee at the same branch was at the Africa Magic Viewers' Choice Awards on March 14. Lagos State Government said the event was…
New guide to bank charges takes off today
Today marks the take-off point for a new regime of banking charges against customers for services rendered, but there is general apathy trailing expectations of compliance
902 ex-employees take Union Bank to court over N75.7 billion unremitted pension fund
About 902 retired members of staff of Union Bank Plc. have instituted a suit against the bank before the National Industrial Court sitting in Lagos...
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.
Bank loses suit against firm
A Federal High Court, Lagos has dismissed a suit by Union Bank seeking to recover an alleged debt from a multinational firm, Petrocam Trading Nigeria Limited. Justice I. N. Oweibo, in a suit marked FHC/L/CS/383/2018 held that the bank’s suit was an abuse of court process. Petrocam Trading Nig Ltd, Mr Patrick Ilo and…
Institute urges practitioners to embrace tech innovations
Supply Chain professionals have been advised to embrace the 4th industrial revolution in order to remain relevant in their profession. Experts said the profession has evolved from mere transactional buying to strategic procurement with heavy reliance on technology. They added that procurement practice has entered into the 4th industrial revolution with emphasis on the application…
Union Bank is CHINI Africa’s 2019 Advertiser of the Year
At the recent Creative Week, Union Bank emerged Advertiser of the Year by CHINI Africa, Cannes Lions Official Festival’s representative in Nigeria.
Customer sues bank over illegal withdrawals
A customer of Union Bank, Mr. Benjamin Okoronkwo, has sued the bank over alleged illegal withdrawal of the sum of N5.9 million from his savings account domiciled with the Umuahia branch office. In the suit marked No HU/307/2018 and filed before the High Court of Abia State, Umuahia, the claimant is seeking an order directing…