Union Bank rewards customers with N55m in promo

Union Bank rewards customers with N55m in promo

Union Bank rewards customers with N55m in promo     Union Bank has said it will reward new and existing customers with N55 million in cash and gift in the ‘Save & Win Palli’ promo. In a statement on Thursday, it said the campaign was introduced to provide relief to its customers as Nigeria continued to grapple with the economic hardship induced by the COVID-19 pandemic and other national issues. “The Save & Win Palli Promo is another way we are offering Nigerians some relief (a.k.a. ‘palliative’) from the economic…

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Union Bank races to the debt market for N34.96bn short-term funding

Union Bank rewards customers with N55m in promo

Union Bank races to the debt market for N34.96bn short-term funding     To settle its short-term financial obligations, the old yet agile horse of Union Bank of Nigeria plc has raced hurriedly to the debt market to raise fund to a tune of N34.96 billion. This was achieved through N2.58 billion Series 8 and N32.38 billion Series 9 Commercial Papers (CPs) just quoted on the FMDQ Securities Exchange. The Commercial Papers came under the lender’s N100.00 billion Commercial Paper Issuance Programme on the Exchange platform. These admissions on FMDQ…

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Union Bank declares N7.28bn dividend

Union Bank Emeka Emuwa

Union Bank declares N7.28bn dividend     The board of directors of Union Bank of Nigeria (UBN) Plc has recommended payment of a dividend per share of 25 kobo to shareholders as return for the 2020 business year. Based on a total of 29,120,752,788 shares outstanding of the company, the dividend amounted to an aggregate of N7.28 billion. The dividend recommendation was part of the highlights of the audited report and accounts of the bank for the year ended December 31, 2020, released at the weekend at the Nigerian Exchange…

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Union Bank issues statement on $40m IFC deal

Union Bank issues statement on $40m IFC deal

Union Bank of Nigeria has intimated the Nigerian Stock Exchange (NSE) and the investing public on its recent finance deal with the International Finance Corporation (IFC). The IFC, a member of the World Bank Group, had recently announced a $40 million finance guarantee facility to Union Bank to boost access to finance for local business, enable increased international trade for Nigeria. The US$40 million facility, under IFC’s Global Trade Finance Program (GTFP), will support Union Bank to establish working partnerships with nearly 300 major international banks within the GTFP network,…

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Union Bank appoints new directors

union Bank

Union Bank of Nigeria Plc has announced new appointments to it’s board of directors. Through a filing at the Nigerian Stock Exchange (NSE)in Tuesday, it aqcuainted it’s shareholders and other stakeholders in the market with the development. The lender said that it’s board had appointed Emeka Anthony Ogbechie as non-executive director with effect from 27th May 2020, to replace Dick Kramer who retired from the board of the bank in September 2019. Union bank said that Mr. Ogbechie is a seasoned finance professional with experience in strategy and corporate planning;…

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