TechEconomy
  • About
  • Privacy Policy
  • Careers
  • Manage Subscriptions
Tuesday, October 3, 2023
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Apps
      • Gadgets and Appliances
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Podcast
  • TECHECONOMY TV
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Apps
      • Gadgets and Appliances
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Podcast
  • TECHECONOMY TV
No Result
View All Result
Tech | Business | Economy
No Result
View All Result

Home » CBN Gives Fidelity Bank nod to Acquire Union Bank UK Plc

CBN Gives Fidelity Bank nod to Acquire Union Bank UK Plc

Yinka Okeowo by Yinka Okeowo
August 30, 2022
in Finance
0
Sifax
Advertisements

The Central Bank of Nigeria (CBN) has given a nod to Fidelity Bank Plc in its bid to acquire 100 percent equity stake in Union Bank UK Plc.

In a corporate filing at the Nigerian Exchange Ltd. (NGX) on Tuesday, the bank said the Central Bank of Nigeria (CBN) had issued ‘No Objection’ to its proposed acquisition of the bank, which commenced London operations in 1983.

RelatedPosts

Naira, Stanbic IBTC Bank PMI

Nigeria’s Headline Purchasing Index: Businesses Show Signs of Recovery

October 3, 2023

LIRS Tasks Businesses on Consumption 5% Tax Compliance

October 2, 2023

The transaction is however still subject to the approval of the UK’s Prudential Regulatory Authority (PRA).

Managing Director and Chief Executive Officer, Fidelity Bank, Nneka Onyeali-lkpe, said the acquisition, which gives her firm 100% equity stake, will increase the expansion of her company’s operation in UK.

“This transaction aligns with our strategic plan of expanding our service touchpoints beyond the Nigerian market and providing straight-through services that meet and exceed the needs of our growing clients.” Onyeali-lkpe said.

She further stated that, “The diverse service bouquet and business model of Union Bank UK offered a compelling synergy, and we hope to build on the existing capacity to create a scalable and more sustaining service franchise that will support the wider ecosystem of our trade businesses and diaspora banking services.”

Recall that the owners of Union Bank had also sold the Nigerian branches to Titan Trust Bank in June 2022. Titan Trust Bank acquired 93.41 percent stake in Union Bank Nigerian.

The acquisition will enable Fidelity Bank improve its trade businesses and diaspora banking services between the African and European continents, as well as increase its clients list.

Advertisements
innovation
AIT
Advertisements
Tags: CBNFidelity BankUnion Bank
ShareTweetSend
Previous Post

AFPIF 2022: MainOne Leads Drive for Interconnection in Africa

Next Post

REPORTER’S DIARY: MTN MIP Fellows’ Visit to Eko Innovation Centre

Yinka Okeowo

Yinka Okeowo

Related Posts

Naira, Stanbic IBTC Bank PMI
Finance

Nigeria’s Headline Purchasing Index: Businesses Show Signs of Recovery

by Peter Oluka
October 3, 2023
0

Strong cost pressures meant that firms operating in the Nigerian private sector remained under pressure in September. Although new order...

Read more
Consumption Tax by LIRS

LIRS Tasks Businesses on Consumption 5% Tax Compliance

October 2, 2023
Sim Card, SIM Cards, SIM Swap, SIM Fraud, Telecom subscriber

Ecobank Alerts Customers to Increase in Sim Swap Fraud

October 1, 2023
Tax Reforms Committee and FIRS

Why FIRS Sent N5bn to Presidential Tax Committee – Oyedele

September 30, 2023
Mastercard SME Confidence Index on SMEs in Nigeria

78% of SMEs in Nigeria Expect Similar Revenue in 2023 – Mastercard report

September 30, 2023
cbdcs and Financial inclusion

CBDCs: What They Mean for Financial Inclusion, Private Sector Banks

September 28, 2023
Next Post

REPORTER'S DIARY: MTN MIP Fellows' Visit to Eko Innovation Centre

Comments 0

  1. Pingback: CBN Gives Fidelity Bank nod to Acquire Union Bank UK Plc - News Curators

Leave a Reply Cancel reply

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

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSLETTER

Subscribe

* indicates required
Techeconomy
Advertisements
Ad 15
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
​Sodiq Tijani Toju Africa

Meet Sodiq Tijani, a Product Expert and Entrepreneur Banking the Unbanked

March 2, 2023
Product Led vs Sales Led Business Models

Product Led vs Sales Led Business Models: What Startups Should Know

January 10, 2023
Samsung Galayx A04e - Cheapest Samsung Phones in 2023

Cheapest Samsung Phones in 2023

September 11, 2023
Sodiq Tijani Youcloudpay

How Sodiq Tijani is Empowering African SMEs for Economic Growth

February 9, 2022
Google Cybersecurity Scholarship

Google Recognizes Shortage of Cybersecurity Experts in Africa, Announces Scholarships

22

Ad Dynamo Has Eyes on Nigeria – CEO

19

Digital Marketing in Africa: Bringing Much-Needed Skills to Nigeria’s Youth

16

Ad Dynamo by Aleph Group Launches free Digital Academy

14
IHS Towers wins Big in Tech Innovation Awards 2023

IHS Towers wins Big in Tech Innovation Awards 2023

October 3, 2023
OPay Reacts to Viral Video, Allegations of Fraud

OPay Reacts to Viral Video, Allegations of Fraud

October 3, 2023
Change management

Successful Change Management Requires an Awareness of Built-in Resistance 

October 3, 2023
Naira, Stanbic IBTC Bank PMI

Nigeria’s Headline Purchasing Index: Businesses Show Signs of Recovery

October 3, 2023

Follow Us

MarkTECH

Adeola Adejokun on MarkTech - Music and Marketing
MarkTECH

Is Music and Marketing Truly a Match Made in Heaven?

by Techeconomy
October 1, 2023
0

Writer: ADEOLA ADEJOKUN Ah, the sweet melodies of music - a global language spoken and understood by almost everyone, everywhere....

Read more

WomenPreneurs

Hiring in South Africa by Jessica Hawkey redAcademy
WomenPreneurs

Women in Business: Q&A with Jessica Hawkey, Founder & MD of redAcademy

by Techeconomy
August 22, 2023
0

"Jessica Hawkey is the Managing Director of redAcademy"

Read more

BusinesSENSE For SMEs

Managing Difficult Customer
BusinesSENSE For SMEs

Five Keys to Managing Difficult Customers

by Techeconomy
August 23, 2023
0

You will at one point in your business be confronted with dealing with difficult customers. So, mastering the right strategies...

Read more
  • About Us
  • Career
  • Contact Us
  • Policy
  • en English
    • ar Arabic
    • en English
    • fr French
    • ha Hausa
    • ig Igbo
    • ru Russian
    • yo Yoruba

© 2023 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Apps
      • Gadgets and Appliances
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Podcast
  • TECHECONOMY TV

© 2023 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.