Tag Archives: SEC

Union Bank To Deploy Fresh Capital To Business Areas In 2018

By Nse Anthony-Uko (Sundiata Finance) – Chief executive officer of Union Bank, Mr. Emeka Emuwa, has the bank would deploy fresh capital across identified business areas and it is expected to increase capacity to serve customers better while accelerating the speed of doing business in 2018 and delivering returns to investors in short to medium term. In a statement issued ...

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CBN, SEC Slams N214m Fine On 5 Banks For Market Infractions

(Sundiata Finance) – The apex financial sector regulating bodies in Nigeria, Central Bank of Nigeria (CBN) and Securities and Exchange Commission (SEC) have sanctioned five commercial banks N213.7 million between January and June 2017 over 26 market infractions. The sanctions vary from commercial banks failure to detect single Biometric Verification Number (BVN) wrongly linked to accounts owned by different individuals, ...

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Union Bank Gets SEC Approval To Raise N50bn Rights Issue

(Sundiata Finance) – Following the announcement that it will float a N50 billion rights issue in 2017, Union Bank has received approvals from the Securities and Exchange Commission (SEC) to move forward on raising the Tier 1 capital. The lender in a statement said it anticipates that the rights issue will be open for subscription in September 2017. During the ...

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