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BusinessNews

Why Nigeria’s Central Bank dissolved board, management of Union Bank, others

By Chioma Obinagwam Nigeria’s apex bank, the Central Bank of Nigeria (CBN) has dissolved the Board and Management of Union Bank, Keystone Bank,...

BusinessNews

Fidelity Bank joins race for acquisition of other banks, targets 5 banks

Nigerian lender, Fidelity Bank, plans to acquire five commercial banks across Africa.   This follows the bank’s recent acquisition of London unit of...

BusinessNews

Banks open banking halls for cash withdrawals on weekends to ease naira crunch (in photos)

…most banks were crowded with customers looking to get their share of naira notes By Chioma Obinagwam Most Deposit Money Banks (DMBs) in...

BusinessNews

Nigeria’s President, Buhari, approves disbursement of $350m Cabotage fund

Nigeria’s President, Muhammadu Buhari, has given a nod to the disbursement of the Cabotage Vessel Financing Fund (CVFF). Confiance News gathered from a...

BusinessNews

CBN disburses N23.2bn to 28 maiden beneficiaries of 100 for 100 PPP

By Chioma Obinagwam The Governor of Nigeria’s apex bank, the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has formally launched the 100...

BusinessNews

Why Titan Trust Bank acquired Union Bank

Titan Trust Bank Limited (TTB) has acquired Union Bank of Nigeria Plc. This followed an agreement by Union Global Partners Limited, Atlas Mara...

BusinessNews

Clearing Limited gets approval to become Nigeria’s premier Central Counterparty

By Chioma Obinagwam Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC) has granted NG Clearing Limited (NG Clearing) registration to...

BusinessNews

Union Bank gets approval to quote series 8, 9 Commercial Papers on FMDQ Exchange

By Chioma Obinagwam FMDQ Securities Exchange Limited has approved the quotation of Union Bank of Nigeria Plc’s ₦2.58 billion Series 8 and ₦32.38...

BusinessNews

We will drive customer acquisition, channel optimisation– incoming Union Bank CEO assures

By Chioma Obinagwam Union Bank of Nigeria Plc took to Nigerian Exchange Group (NGX Group) Plc’s platform to honour its outgoing Chief Executive...

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Again Ikeja Electric customers experience frustration in recharging energy tokens

By Chioma Obinagwam Customers of Ikeja Electric Distribution Company (DisCo) have been thrown into darkness because they cannot buy tokens and some of...

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