Standard Chartered started syndicating term loan on Feb. 3 for Union Bank of Nigeria, according to e-mailed statements from the arranger. * Tenor: 3y * Margin: L+450 bps * Repayment: amortizing after 1y grace period * Debt will finance bank’s U.S. dollar trade finance business and general funding requirements * […]
Tag: Union Bank of Nigeria
Union Bank sacks another 137
Union Bank, on Monday, sacked another 137 staff in continuation of the ongoing downsizing of its workforce as a result of the current reform in the banking sector. The affected staff were disengaged, following decision on outstanding disciplinary cases, while some were sanctioned for various acts of misdemeanour. Meanwhile, the […]
House Probes Union Bank Over Alleged Infractions
The House of Representatives, Tuesday, mandated its Committee on Banking and Currency to investigate the operations of the Union Bank of Nigeria Plc under the management of Mrs. Funke Osibodu and report to the House within 21 days. This followed a motion of urgent public importance sponsored by Hon. Akpan […]
