Union Bank pledges improved access to capital for small businesses

December 12, 2023 Amaka Ifeakandu 0

Foremost financial institution, Union Bank of Nigeria, has reiterated its commitment to providing easy access to capital for Small and Medium-sized Enterprises in the country to boost the growth and profitability of the sector. This assertion was made at the 2023 edition of the ‘Top 100 Fastest Growing SMEs in Nigeria’ conference recently hosted by Business Day newspaper. The event, Read More

BFREE plans $40mn to acquire bad loans from Union Bank

In a completely new strategy towards debt recovery, German-Nigerian financial technology (fintech) firm, BFREE, plans to put down $40 million to acquire some distressed loan portfolios in Union Bank of Nigeria. A statement from the Nigerian lender said both parties signed a Memorandum of Understanding (MOU) in Berlin on November 21, 2023, at the German-Nigerian Business Forum. It was disclosed Read More

UGEAP, Union Bank partner to drive renewable energy market in Nigeria

November 21, 2023 Amaka Ifeakandu 0

Luxembourg based Universal Green Energy Access Programme (UGEAP), and Union Bank of Nigeria have formalised the basis for a strategic partnership to catalyse the development of the renewable energy market in Nigeria. This collaboration, marked initially by a Memorandum of Understanding (MoU), aims to drive sustainable energy access for households and small and medium businesses across Sub-Saharan Africa, primarily focusing Read More

Union Bank receives award;by Euromoney as Nigeria’s Leading Bank in Diversity, Inclusion

November 2, 2023 Amaka Ifeakandu 0

Foremost Nigerian financial institution, Union Bank, has again clinched another major award after being named Nigeria’s most diversified and inclusive bank by Euromoney, a leading authority on banking and financial markets, in its 2023 Euromoney Awards for Excellence in Leadership. This remarkable recognition underscores Union Bank’s unwavering commitment to fostering diversity, inclusion, and empowerment, particularly for women and other underrepresented Read More

Union Bank risks losing assets over N1.495trn lawsuit

April 21, 2023 Admin III 0

Union Bank of Nigeria (UBN) is at risk of losing more than half of its total company assets following a N1.497 trillion lawsuit. From the bank’s financial records for 2022 which was released recently, out of the total legal claims filed against Union Bank is N1.495 trillion from a single case, which is 53.2 percent of the company’s N2.79 trillion Read More