Justice A. Mohammed of the Federal High Court, Port Harcourt, has ordered the interim forfeiture of $2.8 million intercepted by the Economic and Financial Crimes Commission...
The Economic and Financial Crimes Commission (EFCC) has filed a motion for the interim forfeiture of the $2.8 million it seized from the Akanu Ibiam International...
The Economic and Financial Crimes Commission (EFCC) has reacted to claims by Union Bank and Bankers Warehouse Limited that the $2.8m (N1.02bn) seized by its operatives...
Union Bank Nigeria Plc has claimed ownership of the $2.8 million intercepted by the Economic and Financial Crimes Commission, EFCC, at the Akanu Ibiam International Airport,...
Despite the improving macroeconomic environment, the banking industry seems likely to continue to grapple with Non-Performing Loans (NPLs), in the short-term at least, as financial results...
More issues have emerged concerning Flat 7b, No 16, Osborne Towers, Ikoyi, Lagos, where the sums of $43,449,947, £27,800 and N23, 218,000 were recently recovered by...
Contrary to speculation in some quarters, the expiration, yesterday, of the deadline set by the Federal High Court, Abuja, for Deposit Money Banks (DMBs) in the...
The management of Ontario Oil and Gas limited has denied any fraudulent sale of refined petroleum products, as alleged by Union Bank Plc in an ex...
Union Bank of Nigeria (UBN) Plc on Wednesday opened application list for its N50 billion supplementary offer as the first generation bank seeks to raise new...
Union Bank of Nigeria (UBN) Plc has concluded arrangements to float its N50 billion rights issue on Wednesday. Application list for the rights issue will open...
Union Bank of Nigeria (UBN) Plc has received approvals from the Securities and Exchange Commission (SEC) to move forward on raising Tier 1 capital through supplementary...
Union Bank of Nigeria (UBN) Plc plans to use part of the balance in its share premium account to write off about N248 billion deficit in...
Nigeria’s first generation bank, Union Bank of Nigeria (UBN) Plc, on Wednesday secured the approval of its shareholders to float a supplementary rights issue to raise...
It was a huge harvest for robbers dressed in army camouflage at the weekend as they carted away N25 million from the Ughelli branch of Union...
Union Bank of Nigeria (UBN) Plc has announced its earnings for the third quarter, showing 39 per cent growth in pre-tax profit to N13.3 billion and...
After three consecutive negative trading sessions, Nigerian equities rode on the back of emerging bargain-hunting trend and inflow of more corporate earnings and interim dividends to...
Reprieve came the way of businessman Jimoh Ibrahim on Monday, as a Federal High Court sitting in Lagos discharged an interim injunction empowering the Asset Management...
The Group Chairman of NICON Investment Limited, Mr. Jimoh Ibrahim, Tuesday, reacted strongly to the interim asset seizure order made by a Federal High Court sitting...
The balance sheets of most of the deposit money banks (DMBs) are bleeding badly as a result of the huge debts portfolio in form of non-performing...
Union Bank of Nigeria (UBN) Plc, recorded a pre-tax profit in the first half of this year as the group’s core banking operations helped to cushion...