In response to government reforms that have aggravated inflation, several banks, including Wema Bank, Zenith Bank, Guaranty Trust Bank (GTB), United Bank for Africa (UBA) and Union Bank, have decided to enhance their employees’ salaries and allowances to help them cope with the escalating cost of living. The inflationary situation in Nigeria was triggered by
Union Bank of Nigeria, one of Nigeria’s oldest financial institutions and Attijariwafa bank, a leading multinational commercial bank based in Morocco have signed a partnership agreement to support the Pan African development strategy of both financial institutions. Attijariwafa bank, a leading multinational commercial bank based in Morocco with over 5,835 branches spread across 26 countries
Union Bank of Nigeria Plc has recorded gross earnings of N118.8 billion for the nine months ended September 30, 2020, indicating a six per cent growth from N111.9 billion posted in the corresponding period of 2019. Net interest income before impairment grew by 15 per cent N41.7 billion from N36.4 billion in 2019 driven by
Union Bank has announced its partnership with TEDxLagos to host the annual TEDxLagos event for the third consecutive year. The collaboration is in line with the bank’s efforts to support initiatives which boost Nigeria’s development and growth. TEDx is a global platform created in the spirit of TED’s mission, “ideas worth sharing”, and aims to
As part of efforts to support businesses and economic activities a leading female empowerment group, Leading Ladies Africa, in alliance with Union Bank Plc has empowered 40 female-owned enterprises which was themed, “Enterprise and Leadership Programme.” It was initiated to provide start-ups from the various sectors of the economy with the support needed to develop
As part of its commitment to supporting strong leadership mentality in young girls in Nigeria, Union Bank of Nigeria Plc has announced plan to partner with a non-profit organisation, the Junior Achievement Nigeria (JAN) to organise the annual LEAD Camp, a week-long program designed to identify, convene and coach exceptional female students from across
Union Bank of Nigeria Plc maintained an impressive performance with profit before tax of N5.4 billion, despite the challenging operating environment that pervaded the first quarter (Q1) of 2019, The unaudited results showed that Union Bank closed the Q1 with gross earnings of N37.7 billion, indicating a decline of five per cent from N39.5 billion
