union bank

The Digest: Fresh details have emerged regarding the Central Bank of Nigeria's (CBN) January 2024 takeover of Union Bank, with a forensic audit alleging financial irregularities under the bank's former owners and directors. Key issues include a $300 million Afreximbank facility allegedly...

The Digest: The Central Bank of Nigeria has stated that it will review the Federal High Court judgment that nullified its January 2024 dissolution of Union Bank's board and management, while assuring the public that the bank remains stable and fully operational. In a statement, the CBN said it...

The Digest: A Federal High Court in Lagos has nullified the Central Bank of Nigeria's January 2024 dissolution of Union Bank's board and management, declaring the action ultra vires. Justice Chukwujekwu Aneke quashed all decisions taken by the CBN-appointed board and ordered the immediate...

The Digest: In a major move within the Nigerian financial sector, Union Bank of Nigeria has officially completed its merger with Titan Trust Bank. The consolidation, which received final CBN approval, sees Titan Trust Bank absorbed into Union Bank, promising seamless service for customers...