• Home
  • News
    Seme Border Customs Seizes Fake $6m, Other Items…arrest 2

    Seme Border Customs Seizes Fake $6m, Other Items…arrest 2

    admin 02 Feb 2023
    • Owed Arrears: Personnel Won’t Boycott 2023 General Elections Says NSCDC

      Owed Arrears: Personnel Won’t Boycott 2023 General Elections Says NSCDC

      admin 02 Feb 2023
    • Foreign Affairs Minister, Onyeama, US Navy Laud NN On Fight Against Sea Piracy At 2023 Exercise Obangame Flag Off

      Foreign Affairs Minister, Onyeama, US Navy Laud NN On Fight Against Sea Piracy At 2023 Exercise Obangame Flag Off

      Albert Uba 31 Jan 2023
    • Navy Discomfited Over Ship In Distress Viral Video, Says Action Mischievous

      Navy Discomfited Over Ship In Distress Viral Video, Says Action Mischievous

      Albert Uba 31 Jan 2023
    • Black Sunday In Lagos As 40Feet Container Falls On Commercial Bus Killing 8 Passengers

      Black Sunday In Lagos As 40Feet Container Falls On Commercial Bus Killing 8 Passengers

      admin 29 Jan 2023
    • Nigeria Customs Intercepts Military, Police Hardwares, Hard Drugs At Lagos Airport…generates N69.77 billion in 2022

      Nigeria Customs Intercepts Military, Police Hardwares, Hard Drugs At Lagos Airport…generates N69.77 billion in 2022

      Albert Uba 18 Jan 2023
    • CBN Gov, Emefiele Resumes Duty After Annual Vacation As DSS Denies Invasion Of Office

      CBN Gov, Emefiele Resumes Duty After Annual Vacation As DSS Denies Invasion Of Office

      admin 16 Jan 2023
    • 2023 Armed Forces Remembrance Day: Navy Wins Paintball, Polo Tournaments

      2023 Armed Forces Remembrance Day: Navy Wins Paintball, Polo Tournaments

      admin 16 Jan 2023
    • Pandemonium At Lagos APC Arewa Community Peace Parley As Miscreants Wreak Havoc

      Pandemonium At Lagos APC Arewa Community Peace Parley As Miscreants Wreak Havoc

      admin 07 Jan 2023
  • Features
  • Opinion
    Why China Will Reclaim Siberia (OPINION)

    Why China Will Reclaim Siberia (OPINION)

    Albert Uba 12 Feb 2022
    China, Russia Have Central Asia Problem

    China, Russia Have Central Asia Problem

    Albert Uba 19 Jan 2022
    Oluwo carpets Buhari on anti- corruption crusade, says govt playing the ostrich

    Oluwo carpets Buhari on anti- corruption crusade, says govt playing the ostrich

    admin 26 Nov 2021
    Of SCOAN and Misadventure of ungrateful disciples (OPINION)

    Of SCOAN and Misadventure of ungrateful disciples (OPINION)

    Albert Uba 25 Oct 2021
  • Editorial
  • Special Focus
    I Shall Focus on Rural Infrastructure Provision in The University Town Of Nsukka If Elected- Hon. Abba

    I Shall Focus on Rural Infrastructure Provision in The University Town Of Nsukka If Elected- Hon. Abba

    admin 07 Sep 2022
    ‘OBI-tuary’: Iloegbunam flays Omatseye, says he’s stupid journalist of survival

    ‘OBI-tuary’: Iloegbunam flays Omatseye, says he’s stupid journalist of survival

    admin 04 Aug 2022
    Nigerian ICT wizard, Aliyu dares facebok, twitter others with ShapClik one-in-all App

    Nigerian ICT wizard, Aliyu dares facebok, twitter others with ShapClik one-in-all App

    Albert Uba 03 Feb 2022
    Nigeria needs to be safe, secure for thriving socio-economic activities-DR. OBI

    Nigeria needs to be safe, secure for thriving socio-economic activities-DR. OBI

    Albert Uba 08 Oct 2021
  • Elevation
  • Inside Court
  • NDLEA
  • Police
Home» News»“Year 2022 Remarkable For Union Bank”

“Year 2022 Remarkable For Union Bank”

23 Dec 2022 News Leave a comment 183 Views


SPONSORED

LAGOS-YEAR 2022 was a remarkable year for Union Bank of Nigeria (“Union Bank”). The leading financial institution celebrated its 105th year of serving Nigerians with the announcement of the completion of a landmark transaction that saw the integration of the Bank with Titan Trust bank to form a stronger union. This announcement kicked off several noteworthy events and major milestones and Union Bank is pleased to recapitulate these milestones the Bank recorded in 2022. The noteworthy events in each month are summarised below under the respective headings. 
January 2022: Union Bank celebrates its 105th year of operations as Titan Trust Bank gets nod from regulators for the official integration. The fusion of both entities created expanded networks, increased operational efficiency and capacity as well as improved service delivery for the customers.

The new direction set Union Bank on a path of delivering prosperity and shared growth for its partners and customers all over the African continent.
February 2022: As part of its commitment to push beyond banking to promote innovation and creativity nationwide, Union Bank partnered with AfricaNXT – formerly known as Social Media Week, to host the largest gathering of innovators across Africa.

As an organisation focused on accelerating digital innovation, Union Bank showcased some of its ‘Digital Ventures’ products (Kula, Booster and M36) at the event via an interactive booth. The Bank also hosted two insightful sessions – a panel discussion and a masterclass session – targeted at the tech ecosystem. 

March 2022: As an organisation committed to leading the charge for inclusion and parity, Union Bank has consistently leveraged International Women’s Day (IWD) to promote impactful discourse and encourage positive action for gender equality 2022 was no different. In in line with the 2022 global theme #BreakTheBias, the Bank hosted an event to celebrate everyday women breaking biases and shattering barriers in their professional and personal lives.
A key highlight of the event was the inauguration of the first executives for Wehub – Union Bank’s Women Empowerment Hub which is an internal network launched in 2016 to motivate, connect and provide support to women within the Bank. The newly elected executives were charged with the task to drive the implementation of impactful initiatives aimed at advancing the Bank as a progressive place to work.
April 2022: As part of its ‘Beyond Banking’ strategy and commitment to innovation and technological advancement in Nigeria, Union Bank launched SpaceNXT a future-forward, purpose designed co-working technological and innovation hub built to promote innovation and encourage collaboration within the tech ecosystem in Nigeria. Located within the Union Bank Head Office in Lagos Nigeria, SpaceNXT provides an enabling environment where tech enthusiasts, visionaries and creators can converge for the propagation of new ideas. It is a launching pad for innovators to collaborate, develop and improve on ideas around digital systems and tech-based solutions. 

May 2022: Following the completion of the official integration, and the subsequent receipt of all necessary regulatory approvals, Union Bank posted a formal notice of change in control with TGI Group, parent of TTB, now the majority shareholder and core investor in Union Bank. In addition to this, the Bank also announced the completion of the divestment of the Bank’s entire shareholding interest (direct and indirect) in its subsidiary, Union Bank (UK) Plc (“UBUK”) and the effective appointment of a Chief Executive Officer, Board Chair, and the reconstitution of a new Board of Directors. The new CEO, Mr Mudassir Amray and Board Chair, Farouk Gumel assumed office on the 2nd of June 2022
June 2022: Leading development bank Afrexim Bank backed Titan Trust Bank with the sum of $300,000,000 to support the integration with Union Bank. This is to ensure the Bank is well positioned to deliver value to its customers and shareholders.
July 2022: Following a successful first season, Union Bank announced the return of Save & Win Promo, its flagship campaign aimed at rewarding new and existing customers with cash rewards and other gift items worth over N55,000,000. The second edition of the nationwide campaign coincides with the Bank’s 105th anniversary and will benefit more customers to appreciate them for their support and loyalty over the years. 

August 2022: As part of its continued commitment to UN SDG5, Union Bank continued its long-standing partnership with Junior Achievement Nigeria (JAN) to impact over 300 girls, in the 21st edition of the Leadership Empowerment Achievement and Development (LEAD) Camp which marked the eighth year of collaboration between JAN and Union Bank. The week-long event was used to provide guidance and improve the skill sets of the girls in areas of financial literacy, entrepreneurship, technology, creative arts, and entertainment. Development sessions in the program included coding, understanding sexual abuse, and personal hygiene, while the participants also received mentorship from respectable and high-ranking women in the country’s private and public sectors.
September 2022: Mr. Farouk Gumel, Chairman, Board of Directors, Union Bank of Nigeria delivered the keynote address that formed part of the theme for the 15th Annual Banking and Finance Conference tagged Repositioning the Financial Services Industry for an Evolving Global Context. In his remarks, Farouk Gumel emphasised how the rapidly expanding agricultural sector in Nigeria has the potential to grow exponentially and contribute not just to the advancement of the Nigerian economy, but also the welfare of the local farmers who form a large percentage of the unbanked.
He highlighted how Union Bank in their 105-year history continues to support the Nigerian farmer and pointed out that the recent integration with the parent TGI group has further opened more opportunities for the Bank to leverage international partnerships to service the rural economy. 

In the same month, Union Bank partnered with WACOT Rice Limited – a foremost rice producing company and subsidiary of Tropical General Investment (TGI) Group, to provide banking solutions for 6,000 local farmers including men, women, and young people across 4 Local Government Areas in Kebbi State. This partnership, called the Kebbi Financial Inclusion Drive is in line with Union Bank’s commitment to boost financial inclusion in Nigeria.
October 2022: Union Bank signed a partnership with Mobihealth – a globally recognised, integrated telehealth provider based in the UK, facilitating health solutions for underserved communities in Africa. This first of its kind partnership is part of Union Bank’s commitment to enabling success for its customers. The Bank aims to leverage this partnership to expand access to high-quality and convenient healthcare services for its customers at discounted rates.
In addition, Union Bank also secured a $25 million funding line from Africa Agriculture & Trade Investment Fund (AATIF) to expand its agricultural business footprint in Africa. This funding aims to support the Bank’s agri-expansion and outreach strategy and is expected to further contribute to the growth of the competitive food and agricultural sector in Nigeria that is fully aligned with national priorities – including improving food security, increased agricultural production and local food processing. 

November 2022: To expand its footprint in Africa, Union Bank signed an MOU with Attijariwafa Bank – a leading multinational commercial bank and financial services company based in Morroco. Through this partnership both Banks will develop new joint business opportunities for their respective customers that seek to support the trade finance and investment corridors between Nigeria and all the countries where Attijariwafa bank operates.
December 2022: To closeout it’s 105th year anniversary activities, Union Bank launched a brand-new sonic identity tagged ‘The Sound of Union. The launch of the Sound of Union – a 9-track EP, spanning different genres including afrobeats, highlife, jazz, alternative rock and more – is part of the Bank’s strategy to engage with todays and tomorrow’s generations. The goal of the launch is to leverage the universality of music to build better connections with new and existing audiences through this unique sound identity. The Sound of Union EP is now streaming exclusively on Boomplay. 
Awards & Recognitions: In 2022, the Bank received several awards and recognitions both locally and globally including the Global Finance award for the Best SME Bank 2023, the Euro Money Euromoney ‘Highly Regarded’ Bank for Corporate Banking, Corporate and Social Responsibility (CSR) and Environmental, Social and Governance and ‘Notable’ Bank for SME Banking and Digital Solutions. We were also awarded the Middle East and Africa Banking Innovation Awards for Best Trade Finance Platform 2022, and Budgit Active Corporate Citizens award for Civic Investments.


Banks in Nigeria Friday Atufe Lagos State Union Bank 2022-12-23
Tags Banks in Nigeria Friday Atufe Lagos State Union Bank
Facebook Twitter Stumble linkedin Pinterest More
Previous Article :

Delta Police Puncture Syndicate Of Kidnappers Masquerading as Hunters Group

Next Article :

FG Commences Rehabilitation Of Police Stations Across The Country Says Dingyadi

Related Articles

Seme Border Customs Seizes Fake $6m, Other Items…arrest 2

Seme Border Customs Seizes Fake $6m, Other Items…arrest 2

admin 02 Feb 2023
Owed Arrears: Personnel Won’t Boycott 2023 General Elections Says NSCDC

Owed Arrears: Personnel Won’t Boycott 2023 General Elections Says NSCDC

admin 02 Feb 2023
Foreign Affairs Minister, Onyeama, US Navy Laud NN On Fight Against Sea Piracy At 2023 Exercise Obangame Flag Off

Foreign Affairs Minister, Onyeama, US Navy Laud NN On Fight Against Sea Piracy At 2023 Exercise Obangame Flag Off

Albert Uba 31 Jan 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Most Viewed Posts

Arrested Nollywood Actress, Oluwadarasimi Weeps In Custody, Asks For Forgiveness
EFCC

Arrested Nollywood Actress, Oluwadarasimi Weeps In Custody, Asks For Forgiveness

03 Feb 2023
Police intensify fight against cultism in Lagos, sweep metropolis of 23 suspected cultists
Police

Police intensify fight against cultism in Lagos, sweep metropolis of 23 suspected cultists

07 Jun 2018
CSP Okuwobi: Honouring the best with the crest!
Elevation

CSP Okuwobi: Honouring the best with the crest!

19 Jul 2018
Synagogue church guest house in order before collapse —REPORT
News

Synagogue church guest house in order before collapse —REPORT

29 Mar 2019
CP Kayode ‘Sir K’ takes over C’River State Command…his intimidating profile
Police

CP Kayode ‘Sir K’ takes over C’River State Command…his intimidating profile

13 Jan 2021

Website Traffic Counter

Flag Counter

Advertisement

Follow us

Newslater

Recent Posts

  • Arrested Nollywood Actress, Oluwadarasimi Weeps In Custody, Asks For Forgiveness

    Arrested Nollywood Actress, Oluwadarasimi Weeps In Custody, Asks For Forgiveness

    03 Feb 2023
  • Seme Border Customs Seizes Fake $6m, Other Items…arrest 2

    Seme Border Customs Seizes Fake $6m, Other Items…arrest 2

    02 Feb 2023
  • Lagos Police Launch Manhunt For Ogboni Strongman, Bakare For Illegal Possession Of Firearms

    Lagos Police Launch Manhunt For Ogboni Strongman, Bakare For Illegal Possession Of Firearms

    02 Feb 2023
  • Owed Arrears: Personnel Won’t Boycott 2023 General Elections Says NSCDC

    Owed Arrears: Personnel Won’t Boycott 2023 General Elections Says NSCDC

    02 Feb 2023
  • Court Remands Oil Magnate, Epelle In EFCC Custody For Alleged N157m Fraud

    Court Remands Oil Magnate, Epelle In EFCC Custody For Alleged N157m Fraud

    02 Feb 2023

Random Posts

I Shall Focus on Rural Infrastructure Provision in The University Town Of Nsukka If Elected- Hon. Abba

I Shall Focus on Rural Infrastructure Provision in The University Town Of Nsukka If Elected- Hon. Abba

‘OBI-tuary’: Iloegbunam flays Omatseye, says he’s stupid journalist of survival

‘OBI-tuary’: Iloegbunam flays Omatseye, says he’s stupid journalist of survival

Nigerian ICT wizard, Aliyu dares facebok, twitter others with ShapClik one-in-all App

Nigerian ICT wizard, Aliyu dares facebok, twitter others with ShapClik one-in-all App

Nigeria needs to be safe, secure for thriving socio-economic activities-DR. OBI

Nigeria needs to be safe, secure for thriving socio-economic activities-DR. OBI

DCP AKINBAYO: Breaking uncommon frontiers in developmental policing in Nigeria

DCP AKINBAYO: Breaking uncommon frontiers in developmental policing in Nigeria

Tags

Abdulrasheed Bawa Abuja ASABA Bawa Commissioner of Police CP Muhammed Ali CP Sylvester Alabi EFCC IGP Alkali Usman Baba IGP Baba Kidnappers Lagos Lagos State NDLEA President Muhammadu Buhari Wilson UWUJAREN
Copyright 2021, All Rights Reserved
Crimeworld Online magazine