PROFILE: Meet Yetunde Oni, Union Bank’s new Managing Director By Zekeri Idakwo Following the recent dissolution of the boards of three Nigerian banks, the Central Bank of Nigeria has appointed Yetunde Oni as the new Managing Director/CEO of Union Bank. The CBN announced Oni's appointment as the...

Alleged Illegal Acquisition: CBN Fires Union, Keystone, Polaris Bank Boards   There are strong indications that the Central Bank of Nigeria (CBN) has finally wielded the big stick on some erring banks in the wake of details of alleged malfeasance that emerged from the report submitted...

NSE Lists Union Bank’s N30bn Bonds   The Nigerian Stock Exchange has listed Union Bank of Nigeria Plc’s N30bn10-Year bond. The NSE said in a notice that the N30bn bond was listed at 16.20 per cent interest rate under the bank’s N100bn debt issuance programme. Describing the bond...

Union Bank, 23 Other Firms Suffer Free Float Deficiencies   Union Bank Plc, Lafarge Africa Plc and 22 other companies listed on the Nigerian Stock Exchange suffer free float deficiencies. Free float represents the portion of shares of a corporation that are in the hands of public...

FMDQ OTC Admits Union Bank's N13.5bn Bond On Platform FMDQ OTC Securities Exchange has admitted Union Bank of Nigeria Plc’s ₦N7.19 billion Series 1 and ₦N6.31 billion Series 2 Senior unsecured fixed rate bonds under its ₦N100.00 billion Debt Issuance Programm on its platform. At the...

The 12 banks involved in the $1.2 billion 9Mobile loan are setting aside a large part of the debt from their books ahead of the December 31 end-date for the fiscal year. The mobile company took the loan four years ago from a consortium of...