Tag: Unity Bank
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Merger of Unity-Providus banks gets CBN’s nod
The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Ltd.
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Court stops Unity Bank, Agip oil from transacting with Delta community leadership
A Chief Magistrate’ Court in Delta has granted order of interim injunction restraining Unity Bank Plc, from financial/contractual dealings with Oleh Community Development Association (OCDA) Delta, led by Chief Believe Alakri. Other entities restrained by the court from dealing with the embattled OCDA’s leadership are, Agip Oil Company of Nigeria Ltd., Heritage Energy Operational Services…
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Ex-Unity Bank manager, Adam jailed for N11m ATM fraud
The Maiduguri Zonal Office of the Economic and Financial Crimes Commission, EFCC, has secured the conviction Adam kaka Adam, a former banker, who was sentenced to one year imprisonment by Justice Ibrahim Jauro of the Yobe State High Court sitting in Damaturu. The convict was prosecuted on one-count of theft to the tune of N11,…
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Robbers invade Ondo bank, kill one, injure scores
There was pandemonium in Ode Irele, headquarters of Irele Local Government Area of Ondo State on Thursday as armed robbers attacked a branch of Union Bank Plc in the town. According to an eyewitness, the bandits numbering nine stormed the bank at about 4.10pm and carted away an undisclosed amount of money from the bank…
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Unity Bank, Dynamiss Partner to Boost Access to E-Learning in Nigeria
Unity Bank Plc has forged a collaborative partnership with Dynamiss, a digital learning solutions provider, to provide low-interest credits to schools to boost access to digital learning resources in Nigeria. Under the partnership, a full e-learning package comprising Microsoft School Portal, Discounted Airtel Data and Free Contents and Devices powered by Dynamiss will be supported…
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Alleged contempt: Court fixes Sept. 23 for ruling in Unity bank’s application to join Emefiele
An FCT High Court in Kubwa has fixed Sept. 23, to rule on a motion seeking Unity Bank to join Godwin Emefiele, CBN Governor in contempt proceedings against him by a businessman, Godwin Emmanuel. Justice Bello Kawu fixed the date after Unity Bank plc’s counsel, Emmanuel Udegbunam moved a motion seeking to join Emefiele in…
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Unity Bank to unveil new investors after failed Milost $1bn deal
The board of Unity Bank Plc has confirmed that it is in discussions with prospective investors, who are interested in putting their money into the bank with a view to recapitalising it. According to the lender, which was recently suspended by the Nigerian Stock Exchange (NSE) for failing to release its financial results, details of…
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NSE lifts suspension on Unity Bank shares
The Nigerian Stock Exchange (NSE) on Friday suspended its ban trading in the shares of Unity Bank Plc hours after placing the ban. Recall that the stock market regulator had earlier on Thursday announced a suspension on Unity Bank shares and that of five other listed companies for failing to release their financial statements as…
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NSE suspends trading in Unity Bank, five others’ shares
The Nigerian Stock Exchange has suspended trading in the shares of Unity Bank Plc and five other listed companies. The Head, Listings Regulation, NSE, Godstime Iwenekhai, in a statement on Thursday, said the companies were suspended for failing to file their financial statements. Iwenekhai, who announced the suspension, said it was in pursuant to Rule…
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Alleged infractions: Milost Global terminates $1b investment deal with Unity Bank
A New York-based private equity firm, Milost Global Incorporated on Monday announced the termination of its one billion dollars ($1 billion) investment deal with one of Nigeria’s commercial bank, Unity Bank. This was contained in a statement by Milost Global. According to the firm, the deal dates back to August 2017, when the Chief Executive…