News from Union Bank of Nigeria

Our parent bank, Union Bank of Nigeria Plc, announced this week the signing of a Transaction Implementation Agreement with a group of investors which will lead to the injection of $500million equity and a further $250million tier 2 capital into the bank.

In a letter to customers, Group Managing Director, Mrs. Funke Osibodu, stated that the investment will “position the bank to regain its pride of place in the Nigerian banking sector”.