PROFILE

UNION BANK OF NIGERIA PLC

Stallion Plaza 36
Marina, Lagos
Nigeria
Phone: 012716800
Fax:
Web Site:


DETAILS
 
Index Membership: Nigerian Stock Exchange





Sector: Financials
Industry: Banking
Full Time Employees: 0



CORPORATE GOVERNANCE
 
 

KEY EXECUTIVES
 
  Pay Exercised
Richard Kramer,
Chairman
$$
 
Emeka Emuwa,
CEO
$$
 
Adekunle Mickey Adeosun,
Executive Director
$$
 
Philip C Ikeazor,
Executive Director
$$
 

BUSINESS SUMMARY
 
Union Bank of Nigeria Plc is one of the oldest banks of Nigeria tracing its history back to 1917 as a colonial bank. It was a subject of an equity injection of USD 500 million by a Union Global Partners Limited in December 2011 following the financial crisis. Union bank returned to profitability in 2012. Currently, the Bank is primarily owned by UGPL (65%) and AMCON (20%) and a diverse group of shareholders that account for the balance (15%). Union Global Partners Limited comprises African Capital Alliance, ADC African Development Corporation, Corsair Capital, Netherlands development finance company and The Chandler Corporation.
 
 
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