Union Bank wins at 4th FMDQ GOLD Awards

Union Bank, one of Nigeria’s foremost financial institutions, has received an award for the Largest Commercial Paper Lodgement in the primary market awards category at the just concluded FMDQ GOLD awards. This is an award bestowed on the issuer with the largest total commercial paper value admitted on FMDQ’s depository during the year in view.

Union Bank received the award for its N100 billion commercial programme issuance on FMDQ.

The GOLD Awards ceremony, underscored by the tenets of FMDQ’s ‘GOLD’ Agenda (Global Competitiveness, Operational Excellence, Liquidity, and Diversity), is designed to recognise excellence, quality service, dedication, innovation, and dynamism in the Nigerian fixed income market.

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Commenting on the recognition, Chief Executive of Union Bank, Emeka Okonkwo, said the award was indicative of the confidence the investing community has shown in the re-energised Union Bank brand. He said:

“We are honoured to receive this award from FMDQ, a testament to our contribution to the acceleration of the financial markets, and the economy. We acknowledge and appreciate the support of the investor community and assure our stakeholders on our unwavering commitment to delivering our long-term growth strategy.”

Now in its fourth edition, The FMDQ Gold Awards, held annually, recognises stakeholders whose participation in the fixed income, foreign exchange, and derivatives markets, have supported and fostered growth and development of these markets as well as the Nigerian economy. The inaugural edition was held in 2018.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.