Union Bank of Nigeria Plc

The team of the Special Investigator has issued a fresh invitation to the chairman of Titan Trust Bank, Tunde Lemo to appear before it on December 28 to update his statement with it following publications in some newspapers that were…

Union Bank of Nigeria Plc has successfully reined in credit losses since 2018 and the bank’s income statement is free of the burden of net loan impairment expenses for the fifth year running to 2022. The bank’s first-quarter…

Union Bank of Nigeria Plc overturned a 28 percent drop in profit in the second quarter into a 29 percent rise quarter-on-quarter in the third quarter ended September 2020. Management balanced costs against revenue weakness during the…

Rising loan loss expenses is the price that the Union Bank of Nigeria Plc is paying for the mandatory expansion of customer lending in compliance with the increase in loan deposit ratio last year. Loan impairment expenses consumed more than…

Union Bank of Nigeria Plc gained reasonable operating speed in the final quarter that shaped up its full-year performance in line with forecast. We had expected that further improvement in the final quarter would turn the revenue decline in…

Umoru Abdulkadir Union Bank of Nigeria Plc has begun the sale of commercial papers worth N20 billion to finance its working capital in its quest to delivers on its promise of becoming the nation’s most trusted and reliable banking…

The Federal Government has begun interrogation of those implicated in the alleged fraud that left over 65,000 Nigerian shareholders losing two billion dollars worth of shares. Those invited for interrogation were former minister of…

With the rising loan defaults by customers owing to the biting economic recession, Five Tier-Two commercial banks comprising Sterling Bank Plc, Diamond Bank and First City Monument Bank Plc have provided N117.4 billion for bad loans in…