30 results
- 23 Dec 2021
Titan Trust Bank Acquires Union Bank
Titan Trust Bank Limited (TTB), one of the fastest-growing and customer-centric financial service providers in Nigeria, has acquired Union Bank of Nigeria Plc. This followed an agreement by Union…
- 31 Aug 2025
Union Bank of Nigeria Completes Merger with Titan Trust Bank
Union Bank of Nigeria, one of the nation’s longest standing financial institutions, today announced the successful completion of its merger with Titan Trust Bank Limited, following final approval…
- 26 Dec 2023
TitanTrust Bank / Union Bank: A Call for Transparency by Investigators
By Azubike Ugwu In the last three days, we have seen a storm of allegations regarding the ownership of Titan Trust Bank Limited (TTB) and Union Bank of Nigeria Plc ("Union Bank"), and this has…
- 1 Feb 2023
IFC Partners Union Bank of Nigeria to Support Trade, SMEs
To boost access to finance for smaller businesses in Nigeria and to support increased trade, IFC yesterday announced a partnership with Union Bank of Nigeria Plc to help the bank expand lending to…
- 26 Oct 2019
Connect Nigeria, Union Bank, Others Set To Celebrate Top 100 Emerging SMEs
Connect Nigeria, in collaboration with Union Bank, Hot FM Lagos and Kunle Ladejobi & Co. have announced that all is now set for its annual Top 100 Emerging SMEs campaign. Launched in 2018,…
- 9 May 2024
CBN Unveils List of Licensed Deposit Money Banks
Central Bank of Nigeria (CBN) has released the list of licenced Deposit Money Banks operating in the country. Providing insights into the banking landscape in Nigeria, the list was made public on the…
- 3 Jun 2022
Union Bank Completes Sale to Titan Trust Bank
Union Bank of Nigeria (UBN) Plc announced it has completed the transfer of its 93.41 per cent share capital to Titan Trust Bank (TTB). This comes as it also revealed it has completed the divestment…
- 8 May 2023
Titan Trust Bank to Acquire Union Bank's minority shares
Titan Trust Bank Limited is set to acquire the equities of Union Bank of Nigeria (UBN) Plc held minority investors after the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission…
- 19 Feb 2020
CBN Releases List of Authorised Banks in Nigeria
Central Bank of Nigeria (CBN) has released the list of deposit money banks and financial holding companies operating in Nigeria, meaning that anybody who transacts banking business outside the list…
- 27 Jan 2021
Atlas Mara Denies Getting Offers to Sell Stake in Union Bank
The major shareholder in Union Bank of Nigeria Plc, Atlas Mara Limited, has denied media reports that it has received offers to sell off its stake in the first generation bank. A few days ago, there…
- 2 Jun 2026
CBN Grants Union Bank, Polaris, Keystone More Time to Complete Recapitalisation
Central Bank of Nigeria (CBN) has reportedly granted Union Bank of Nigeria, Polaris Bank and Keystone Bank additional time to complete their recapitalisation process following the expiration of the…
- 3 Jun 2025
Union Bank and PAPSS Revolutionize Cross-Border Payments
To deliver simpler, smarter banking solutions, Union Bank of Nigeria has partnered with the Pan-African Payment and Settlement System (PAPSS) network, a Financial Market Infrastructure that provides…
- 5 Aug 2015
Name and Shame: FCMB, MRS Fight over N6.2Bn Debt
Central Bank of Nigeria (CBN)-initiated name and shame campaign of banks’ delinquent debtors gained further momentum on Wednesday as First City Monument Bank Limited and Ecobank Nigeria published…
- 3 Jun 2021
FMDQ Exchange Admits Union Bank’s Series 8/9 Commercial Papers
The FMDQ Securities Exchange Limited, has approved the Quotation of the Union Bank of Nigeria Plc, ₦2.58 billion Series 8 and ₦32.38 billion Series 9 Commercial Papers under its ₦100.00 billion…
- 10 Sept 2021
Emeka Okonkwo, Union Bank CEO Increases Stake in Bank by N20.6m
Emeka Okonkwo, chief executive officer of Union Bank of Nigeria, has increased his stake in the bank by acquiring an additional 3,951,874 units of the bank’s shares, worth N20.6 million. Emeka…
- 20 Apr 2010
Union Bank Finances Merchant Vessel
Union Bank of Nigeria Plc is single-handedly financing the acquisition of a state-of-the-art merchant vessel (MV) C-Racer by Rangk Limited, an indigenous company. Speaking during the commissioning…
- 7 May 2021
Zenith, Access Banks Join Race to Acquire Union Bank
Zenith Bank Plc and Access Bank Plc, two Nigerian lenders – are among the list of financial institutions from Africa and the Middle East that have indicated an interest in the acquisition of Union…
- 29 Jan 2020
Union Bank Downsizes Operations, Sells UK Arm
Union Bank of Nigeria Plc has announced that it has entered a share sale and purchase agreement to divest its 100 per cent equity stake in Union Bank UK Plc. In a notification to the Nigerian Stock…
- 24 Mar 2021
Union Bank to Go Ahead with Sale of UK Subsidiary
Union Bank of Nigeria (UBN) Plc has restated its commitment to the sale of its United Kingdom’s (UK) subsidiary, Union Bank UK (UBUK) Plc, despite the delay in the transaction process. Joe Mbulu,…
- 18 Aug 2014
Western Union Partners First Bank on Outbound Service Launch
The Western Union Company, a leader in global payment services, has announced the launch of the outbound remittance service in Nigeria. Since the Western Union Money Transfer service was launched in…
- 16 Aug 2018
MTN Nigeria Inks N200bn loan facility with 12 banks for Network Expansion
MTN Nigeria on Wednesday signed a seven-year N200 billion medium term facility with a consortium of twelve (12) local banks, with FBN Quest acting as facility agent. Ferdi Moolman, Chief…
- 15 Jun 2021
NG Clearing Limited Becomes Nigeria’s Premier Central Counterparty
Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC) has granted NG Clearing Limited (NG Clearing) registration to perform the function of a central counterparty…
- 20 Apr 2018
EIB, AfDB to invest US$70m in Development Bank of Nigeria
The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment…
- 13 Nov 2023
Union Bank on Verge of Delisting from NGX
Union Bank of Nigeria is on the verge of finalizing its delisting from the Nigerian Exchange Group (NGX), offering minority shareholders a compensation of N7.70 (USD1 = NGN802.160) per share. This…
- 21 Jun 2022
CardinalStone Securities Executes Largest Block Deal in Nigerian Capital Market
CardinalStone Securities has announced its recent execution of the sale of 27,336,952,296 ordinary shares of Union Bank of Nigeria Plc at N7 per share by Atlas Mara Limited and Union Global Partners…
- 6 May 2024
Union Bank Achieves Another Milestone; Attains MSECB ISO Certifications
Union Bank, one of Nigeria’s foremost and most trusted financial institutions, has announced another significant achievement with its attainment of the MSECB management system certifications in…
- 27 Apr 2025
Supreme Court Sets Aside N22 Trillion Judgement against Union Bank
The Supreme Court of Nigeria has set aside a Federal High Court judgement in which over N22 trillion was awarded against Union Bank and other parties since 2014. The judgement arose from a suit…
- 7 Apr 2026
How Unethical Deals Triggered CBN Takeover of Union Bank -Forensic Report
A forensic audit report has detailed the multi-trillion naira financial mismanagement that led to the January 2024 sack of former directors and owners of Union Bank of Nigeria (UBN) and the…
- 15 Jun 2010
Banks Grant MTN N318 Billion Loan Facilities
MTN Nigeria, Nigeria’s leading telecommunications company has received fresh loan facilities to enable the company further expand its network across the country. A consortium of 15 Nigerian…
- 11 Jan 2024
Meet Yetunde Oni, Union Bank’s new CEO
Central Bank of Nigeria on Wednesday appointed Yetunde Oni as the new managing director/chief executive officer of Union Bank. The appointment comes after the apex bank dissolved the boards and…