The Economic and Financial Crimes Commission (EFCC) is set to arraign the former Managing Director of Asset Management Corporation of Nigeria (AMCON), Ahmed Kuru. EKO HOT BLOG gathered that Ahmed Kuru is to be arraigned alongside the current Managing Director of Arik Air, Captain Roy Ilegbodu, the receiver manager of Arik Air, Kamilu Omokide, Union … Read more
Eko Hot Blog reports that Union Bank, one of Nigeria’s foremost financial institutions, has re-emphasized the need to preserve and restore the global habitat through sustainable environmental practices. According to a press statement issued by the bank on Monday, this clarion call was made during an event organized in partnership with the Nigerian Conservation Foundation … Read more
CBN has appointed a new board of directors to govern Polaris, Union, and Keystone banks The former director of governors was dissolved last night Hadi Sirika says the appointment takes immediate effect Eko Hot Blog reports that barely a few hours after dissolving the board of directors of governing Polaris, Union, and Keystone banks, the … Read more
Eko Hot Blog reports that the Federal Government has reportedly initiated actions to take control of Union Bank Limited and Titan Trust Bank Limited, intending to oust their respective boards next week. This development stems from the findings of Special Investigator Jim Obazee, appointed by President Bola Tinubu in July 2023, to scrutinize the operations … Read more
Eko Hot Blog reports that Titan Trust Bank has reacted to the special investigative report by the Jim Obazee-led panel into the activities of the Central Bank of Nigeria (CBN) under Godwin Emefiele, stating that there was no fraud in the acquisition of Union Bank. Obazee submitted the report of his investigation into acquiring Union … Read more
Fidelity Bank Plc has entered into a binding agreement to acquire a 100% stake in Union Bank UK Plc. EKO HOT BLOG reports that top commercial bank, Fidelity Bank has entered into an agreement to buy 100 per cent stake in the United Kingdom unit of Nigeria’s second oldest lender, Union Bank. EDITOR’S PICK: … Read more
NMFB New NIB Loan Approvals Are Out EKO HOT BLOG reports that the management of Nirsal Microfinance bank, NMFB, has given a new update regarding the Non-interest Banking NIB loan. This was contained in a statement released by NMFB recently. Read Also: NPower News: How To Know If Your Nexit Training Confirmation Was Done Correctly It reads, “New … Read more
CBN has removed ATM maintenance fee and also reduced other bank charges. EKO HOT BLOG reports that the Central Bank of Nigeria (CBN) has reviewed charges and rates for electronic banking operations in the country. The development was disclosed in the CBN new ‘Guide to Charges to Banks Other Financial and non-financial, on Thursday, 27th … Read more
The Managing Director/Chief Executive of Access Bank Plc, Mr Herbert Wigwe, in an interview with Cable News Network (CNN) speaks on the bank’s move to break more grounds and expansion move into other African nations EKO HOT BLOG gathered that Access Bank Plc is putting in more effort to conquerer the African nations in a … Read more
Ecobank Nigeria bags “Consumer Finance Product of the Year” award at the Middle East & Africa (MEA) Retail Banking Innovation Awards organized by Digital Bankers. EKO HOT BLOG reports that the Middle East & Africa (MEA) Retail Banking Innovation Awards has named Ecobank Nigeria winner of “Consumer Finance Product of the Year” at the Middle … Read more
Union Bank is in distress as EFCC indicts Former CEO Emuwa, others over alleged N1.9bn fraud. Eko Hot Blog learnt in a report by The Moment Nigeria that Union Bank of Nigeria Plc, one of the old generation deposit money banks (DMBs) in Nigeria is currently enmeshed in an alleged N1.9 billion fraud saga. This … Read more
Union Bank of Nigeria (UBN) said on Friday that it would provide potable water to the six geo-political zones in the country as part of its support and Corporate Social Responsibility to Nigerians. Mrs Ogochukwu Ekezie-Ekaidem, Head, Strategic Corporate Communications and Marketing, UBN, made the disclosure at a Virtual Media briefing organised for Financial Correspondents … Read more
Union Bank of Nigeria (UBN) Plc has donated $130,000 or N50 million to tackle the spread of the Coronavirus pandemic in Nigeria. The donation was made into a fund set up by 54gene, an African genomics research, services and development company working closely with the Nigeria Centre for Disease Control (NCDC) to fight the Covid-19 … Read more
The National Pension Commission (PenCom) has released a list containing 237 organisations eligible to seek different federal government contracts in 2020. The agency explained that the companies were issued compliance certificates after meeting requirements on regulations concerning their employees’ contributions as contained in the pension’s law. The law, the Pension Refund Act 2014, requires firms … Read more
Union Bank has emerged the Best Company in Environmental Excellence award, and the SERAS Innovation Prize at the 2019 Sustainability, Enterprise and Responsibility Awards (SERAs). The Bank also emerged 2nd runner up in the Most Responsible Company award category at the formal ceremony which took place recently in Lagos. Following a rigorous vetting of its Corporate Social Responsibility (CSR) and sustainability … Read more
Union Bank Plc has in conjunction with Leading Ladies Africa unveiled 40 female entrepreneurs who will be participating in the keenly sought after Enterprise and Leadership Programme (ELP). The initiative, being put together by women-focused non-profit organisation, Leading Ladies Africa, is a two-month, practical, hands-on pro-gramme that is focused on enabling women entrepreneurs in Nigeria … Read more
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
Union Bank has recorded 33 percent growth in profit before tax (PBT) to N18.5 billion for the year ended December 31, 2018. The bank’s financial report for the period released yesterday on the Nigerian Stock Exchange, NSE, showed that gross earnings fell to N145 billion from N168 billion in 2017, representing 11 percent decline over … Read more