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Tag Archives: Union Bank

Union Bank takes over firm’s property over alleged N5.2b debt

Union Bank

Union Bank of Nigeria Plc and its appointed receiver/manager, Gbenga Akinde-Peters have taken over landed property belonging to A-Z Petroleum Products Limited over the firm’s N5.2 billion debts. The take over of the property situated at Plot 3508 Cadastral Zone A06, Maitama District, Abuja, covered by a Certificate of Occupancy (C of O), dated September 7, 2005, with registration No. ...

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Union Bank raises 50 billion capital to accelerate growth

Union Bank

Union Bank of Nigeria (UBN) Plc anticipates improved performance in its business as it begins to deploy about N50 billion new capital raised recently from its shareholders. Chief Executive Officer, Union Bank of Nigeria (UBN) Plc, Mr. Emeka Emuwa, said the net proceeds from the rights issue, which was oversubscribed by 20 per cent, would accelerate the pace of doing ...

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Silverbird Galleria Shutdown: Is The Common Sense Crusader In a Fix?

Silverbird Galleria

Silverbird Galleria Shutdown: Common sense crusader and a senator of the Federal Republic of Nigeria, Ben Murray Bruce is in the news again. But this time it seems the common sense he advocates for has departed his domain temporarily. Punch reports that, The Asset Management Corporation of Nigeria on Thursday morning sealed the Lagos and Abuja premises of Silverbird Galleria ...

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