Union Bank Shareholders Endorse N54.4bn Share Premium Reduction
Shareholders of Union Bank of Nigeria (UBN) on Tuesday endorsed the proposed reduction of N54.4 billion from the bank’s share premium account aimed at restructuring its balance sheet for optimal performance. They gave the approval at the bank’s Extra-Ordinary General Meeting (EGM) held in Lagos. The bank’s Chairman, Cyril Odu, said the company’s financial position, … Read more