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UNION BANK TO IMPROVE AGRIBUSINESS LENDING IN NIGERIA
Union Bank Plc, one of Nigeria’s oldest banks, was established in 1917 has officially opened a N50 billion rights issue to the public which it hopes to deploy into raising its capitalization and growing agribusiness loans. The bank, had gotten approval from the Securities and Exchange Commission (SEC) to sell 12.1 billion ordinary shares at N4.01 per share at the rate of 5 new shares for every 7 held. The Issuing Houses involved in the transaction are…
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