Union Bank gets shareholders approval to increase share capital to N17.5bn

Shareholders of Union Bank of Nigeria Plc (UBN) have voted to raise additional share capital of up to N50 billion by way of rights issue to existing shareholders.

The decision was announced at the company’s Extraordinary General Meeting (EGM) held Wednesday in Lagos.

The meeting sought and received the approval of the company’s shareholders to increase the bank’s authorised share capital from N9.511 billion to N17.5billion.

…..details later…..

Iheanyi Nwachukwu

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