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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