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Tag: Union Bank

  • Union Bank celebrates employees

    Union Bank celebrates employees

    Union Bank of Nigeria has held its prestigious Union Bank Employee Recognition (UBER) Awards ceremony.

    At the event held at The Stable, Surulere, Lagos, outstanding workers were honoured for their dedication, innovation and customer-centricity, embodying the company’s core values.

    The event, attended by members of the Board of Directors, senior management officials and workers, marked a milestone in the bank’s 108-year legacy of celebrating excellence.

    The ceremony with the theme: ‘The Constellation edition’, showcased three distinct categories of awards: CEO Awards recognising Stellar Efficiency, Aurora for Most Innovative Staff, and Vega for Customer Centricity; alongside Performance Based Awards, including Solis for Business Deal of the Year, Galaxy for Highest Total Income, Optimus for Highest CASA Contributors Non-Sales, and Velox for Highest Incremental CASA Average. These accolades reflect Union Bank’s commitment to acknowledging diverse forms of excellence that drive organisational success.

    Managing Director and Chief Executive Officer, Mrs Yetunde Oni, said recognition served as principle and practice.

    “Tonight is about recognition not as a gesture, but as a principle. Recognition affirms what we value. It reinforces standards. And it reminds us that excellence is noticed,” she said.

    Mrs Oni highlighted the importance of culture in sustaining performance, noting that “what we choose to celebrate is what we sustain.”

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    Highlight of the evening was the premiere of the ‘Endless Possibilities’ thematic campaign, a powerful narrative celebrating the indomitable Nigerian spirit that thrives against all odds. The film captures the essence of resilience, innovation and determination that defines everyday Nigerians who continuously transform challenges into opportunities.

    The campaign reflects how this same spirit of perseverance has characterised institutions like Union Bank, that have stood the test of time, becoming integral threads in the nation’s social and economic fabric.

    Speaking on the campaign, the Chief Brand and Marketing Officer, Olufunmilola Aluko, said: “This film is a celebration of the innate resilience that defines us as a people who consistently rise above circumstances to create something meaningful. What makes this narrative so powerful is that it is not unique to any one institution, but rather a shared heritage that has shaped our collective journey. This is the story we wanted to tell, because it is a story that belongs to all of us.”

    The ceremony concluded with Mrs Oni’s powerful affirmation to all nominees: “Whether you receive an award tonight or not, know that your contribution is valued and your impact recognised. With your dedication and professionalism, Union Bank will continue to grow with confidence, credibility and purpose.”

  • Union Bank celebrates Nigerians’ resilience with its endless possibilities campaign

    Union Bank celebrates Nigerians’ resilience with its endless possibilities campaign

    The popular phrase “Naija No Dey Carry Last” is not a cliché, but a reminder of Nigerians’ resilience in any economic, social, and political environment. Union Bank of Nigeria has once again reaffirmed its commitment to the innovative and resilient Naija Spirit, following the launch of its Endless Possibilities Campaign. This initiative recognises and celebrates the can-do spirit of every Nigerian.

    The Bank conceived the thematic campaign as a tribute to the unique Nigerian spirit of resilience and aspiration to achieve great things despite numerous hurdles along the way. This speaks to the ‘fighting spirit’ of the everyday Nigerian, who strives for success and growth despite the obstacles thrown in their way.

    Throughout its distinguished 108-year history, Union Bank has been and enabling success for the previous, current, and future generations through its Simpler, Smarter Banking. The Bank has proudly aligned itself with the Nigerian narrative, one defined by unwavering determination and purposeful ambition, serving all generations. Through its comprehensive range of products, services, and community initiatives, the institution has served as a steadfast financial partner and dependable companion, guiding customers on their financial journeys and supporting them at every stage of life.

    The Union Bank Endless Possibilities campaign tells the Nigerian story of pride, respect, and optimism, celebrating the enduring capacity of every Nigerian to overcome adversity and see possibilities in seemingly impossible situations. The Bank reaffirms its unwavering obligation to stand as a steadfast financial partner, empowering customers to realise their ambitions and fulfil their dreams.

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    The bank’s Chief Brand and Marketing Officer Olufunmilola Aluko, said: “Union Bank wants to go beyond surface-level representation and connect with Nigerians on a profoundly human level. We have always seen ourselves not just as a financial institution, but as a reliable partner on everyday people’s journey. Through this campaign, we aim to celebrate every Nigerian, from the corporate achiever to the artisan, the dreamer, and the doer, showcasing the shared values that unite us, such as resilience, creativity, ambition, and pride. An affirmation of our belief in the Nigerian story and spirit of courage, determination and ability to dream big and achieve huge objectives in the face of multiple challenges. As a Brand that has stood for over 108 years, we will continue to support the evolution and transformation of the Nigerian people, whether through our digital platforms, SME support, youth-focused initiatives or specialised community impact projects that deliver value and enable success for our customers. “

    Union Bank remains steadfast in its commitment to supporting customers and Nigerians at large as they pursue their aspirations. Whether serving corporate professionals, farmers, technology entrepreneurs, or tailors, the institution is uniquely positioned to deliver services that foster meaningful impact and sustained growth.

  • Union Bank invests in female entrepreneurs at WIMBIZ Summit

    Union Bank invests in female entrepreneurs at WIMBIZ Summit

    UNION Bank of Nigeria (UBN) has reasserted its position as a strategic partner in advancing economic growth and gender equity by taking a prominent position at the 2025 WIMBIZ Annual Conference in Lagos.

    The Bank’s participation also reaffirmed its role as a partner in Nigeria’s development, supporting women’s empowerment initiatives.

    Organised under the theme “O.W.N: Own. Walk. Nurture,” the conference served as a key forum for galvanizing female leadership and commerce.

    The conference, which encouraged women to lead, grow and build lasting impact, created an atmosphere charged with the collective ambition of thousands of women determined to reshape narratives around leadership, commerce and equity.

    The Bank demonstrated its commitment through sponsorship of the Business Pitch Competition, funding entrepreneurs via its dedicated platform, alpher, which turns ideas into real businesses. The support aligns with the Bank’s belief that empowering women economically helps create a stronger, more resilient nation.

    By funding the aspirations of burgeoning entrepreneurs via alpher, Union Bank provided the critical capital necessary to convert diverse business ideas into operational realities.

    The Bank promotes alpher as a lifestyle ecosystem that aids women to “O.W.N” their lives by granting access to collateral-free loans essential for business expansion, connecting them to professional mentorship networks and providing capacity-building training.

    The platform also supports women’s wellness with benefits like discounted healthcare to promote personal well-being alongside business growth.

    Olufunmilola Aluko, Chief Brand and Marketing Officer of the bank, expressed the intentionality behind the institution’s support, saying the partnership with WIMBIZ is a clear testament to the Bank’s conviction that for Nigeria to thrive, women must be empowered to fully Own, Walk and Nurture their potential.

    Aluko explained that every time they fund a business pitch or provide the alpher platform, they are essentially giving women the resources to own their unique stories and walk with authority in the competitive marketplace.

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    Union Bank, she affirmed, is committed to helping women entrepreneurs nurture these businesses into institutions that will drive the national economy forward, ensuring that every step they take is a step toward a more prosperous future for themselves and the entire nation.

    The event saw the participation of prominent female leaders within Union Bank, including the Chief Talent Officer and heads of various departments as well as several other female employees across various levels and units of the Bank.

    Union Bank’s efforts align seamlessly with the United Nations Sustainable Development Goals (SDGs), specifically SDG 5 on Gender Equality, SDG 8 on Decent Work and Economic Growth and SDG 17 on Partnerships for the Goals.

    The conference, held at Eko Hotel and Suites, drew thousands of women leaders, entrepreneurs and professionals. The event also featured speeches from dignitaries such as Lagos State Governor Babajide Sanwo-Olu and renowned economist Arunma Oteh.

  • Union Bank deepens media ties at forum

    Union Bank deepens media ties at forum

    Union Bank of Nigeria has hosted an informal yet engaging meet-and-greet with leading media professionals at its headquarters in, Lagos.

    The event, held at SpaceNXT—the Bank’s purpose-built co-creation hub for innovators and creators—was designed to provide a relaxed platform for fostering personal connections and strengthening collaboration between the Bank and its media partners.

    Unlike a formal press briefing, the gathering created a convivial atmosphere for open dialogue, underscoring Union Bank’s recognition of the media’s vital role in shaping public discourse and amplifying the Bank’s purpose-driven mission.

    In attendance were senior members of the Bank’s leadership, including the Executive Director, Corporate Banking (Lagos and West), Taiwo Shote, Chief Brand and Marketing Officer, Olufunmilola Aluko; and Head of Strategy and Planning, Tosin Ibikunle.

    Speaking during the event, Olufunmilola Aluko highlighted the essence of the occasion, noting that it was primarily about human connection.

    “Union Bank has been around for 108 years, and we’ve seen it all—from telegram banking to digital wallets, from handwritten ledgers to AI-driven analytics. But through all that change, one constant has remained: the media.

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    We wanted to create a space that is unhurried and human, where we can meet without the weight of deadlines or the formality of press statements. Behind those exchanges are real people who share a deep commitment to storytelling, truth, and impact,” she said.

    Echoing her sentiment, Tosin Ibikunle reaffirmed the Bank’s commitment to transparency and partnership as it prepares for its next phase of growth.

    “Union Bank has diligently strengthened its systems and service experience. As we roll out new initiatives, we look forward to working closely with the media to tell our story with clarity, accuracy, and impact,” Ibikunle added.

    The event concluded with a guided tour of Stallion Plaza and a lively networking session, reflecting Union Bank’s ongoing commitment to building authentic, human-centred relationships beyond formal corporate interactions.

    Union Bank remains steadfast in its mission to foster trust, transparency, and meaningful partnerships with the media and other stakeholders as it continues to support customers and contribute to Nigeria’s economic growth.

  • Union Bank promotes employee wellness

    Union Bank promotes employee wellness

    Union Bank of Nigeria has underscored the importance of healthy body and workplace as the bank staged the inaugural edition of its ‘Stay Recharged Health Walk’.

    The walk, which kicked off at the Stallion Plaza, Union Bank’s head office in Marina, passed through 7.5 kilometres of several vibrant Lagos streets to terminate at the bank’s sports complex, The Stable, on Bode Thomas Street, Surulere.

    Chief Talent Officer, Union Bank of Nigeria, Omayuli Wale-Ajayi, said the dynamic event affirmed the bank’s steadfast commitment to employee well-being and sustainable workplace development.

    According to her, the overwhelming participation and enthusiasm from employees from diverse departments and locations made it a celebration of physical fitness, mental health, and the power of community spirit.

    She explained that ‘Stay Recharged’ was a featured event drawn from a cornerstone of Union Bank’s employee value proposition of employee wellness, thoughtfully crafted to foster a culture where health, happiness, and productivity flourish.

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    She noted that the initiative responded directly to the urgent need for purposeful wellness programmes that nurture both physical and mental health at work, adding that the programme reflected the bank’s recognition that employee wellbeing is fundamental to sustained productivity, engagement, and organisational excellence.

    She said: “At Union Bank, well-being is not an afterthought; it is part of how we work. Our inaugural Stay Recharged Health Walk reflects our commitment to building a culture where our people are energised, supported, and thriving. When we take care of ourselves, we build stronger teams and stronger institutions.

    “The ‘Stay Recharged Health Walk’ aligns with the United Nations Sustainable Development Goals, specifically SDG 3: Good Health and Well-being and SDG 8: Decent Work and Economic Growth. This initiative reflects Union Bank’s commitment to fostering a workplace culture that prioritises employee wellness, supports decent and productive work, and contributes to long-term organisational sustainability.

    “By investing in these wellness experiences, Union Bank not only strengthens its internal community but also reinforces its reputation as an employer of choice. Union Bank remains dedicated to developing innovative, health-focused programmes that inspire employees to adopt healthier lifestyles, supporting long-term growth for both individuals and the organisation”.

  • Union Bank of Nigeria completes merger with Titan Trust Bank

    Union Bank of Nigeria completes merger with Titan Trust Bank

    Union Bank of Nigeria, one of the nation’s longest-standing financial institutions, today announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN).

    This milestone, according to a statement  from the bank’s  Chief Brand and Marketing Officer, Mrs. Olufunmilola Aluko,    concludes a process that began with the signing of a Share Sale Agreement in 2021 and positions Union Bank as an even stronger force within Nigeria’s financial services sector. Under the terms of the merger, Union Bank has fully absorbed Titan Trust Bank’s operatons and assets. The combined institution will continue to operate under the Union Bank brand, while Titan Trust Bank ceases to exist as a separate entity.

    With an expanded footprint of over 293 service centres and 937 ATMs nationwide, supported by strengthened digital channels, Union Bank is poised to deliver enhanced value across retail, SME, and corporate segments. The merger combines Union Bank’s trusted heritage with Titan Trust’s agility and innovation, creating a platform for sustainable growth and broader financial inclusion.

    Union Bank’s Managing Director and Chief Executive Officer, Mrs. Yetunde Oni, described the development as “a pivotal moment in our 108-year journey, and a launchpad for delivering greater value to our customers. By blending stability with innovation, we are better positioned to meet the evolving needs of Nigerians and to be their most trusted financial partner.”

    Read Also: Union Bank empowers young entrepreneurs

    Also speaking on the transaction, Chairman of the Board of Directors, Mr. Bayo Adeleke, said: “This is a new era of growth, collaboration, and shared prosperity. By bringing together the strengths of both institutions, we are committed to creating lasting value for our customers, shareholders, and communities while advancing Nigeria’s financial inclusion agenda.”

    The Bank has assured customers that there will be no disruption to existing services. Account details remain unchanged, and customers will continue to access a full suite of products and services seamlessly, with an accelerated push towards enhanced digital solutions.

    This strategic consolidation strengthens Union Bank’s market position, unlocks operational synergies, and underscores its ambition to deliver a modern, robust, and inclusive banking experience for all.

  • Union Bank empowers young entrepreneurs

    Union Bank empowers young entrepreneurs

    Union Bank of Nigeria, under its “Made in Naija” initiative, has emphasised its commitment to supporting homegrown businesses.

    The bank recently sponsored the RISE Business Challenge at the University of Lagos, Akoka, during the 6th Annual Youth Leadership Conference.

    Dubbed Turning Point 6.0, the Resilience, Innovation, Social Responsibility, and Entrepreneurship (RISE) Challenge was a collaboration between Union Bank and the conference convener, Mr Olusegun Odufuwa, to empower youth-led businesses with financial and mentorship support through a pitch competition.

    Targeted at uplifting young men and women with requisite entrepreneurial skills, the event aligns with one of the Bank’s primary objectives of encouraging Made in Naija and the next generation of Nigerian innovators and business leaders, culminating in positive social impact and sustainable economic growth.

    The competition also aims to identify and reward outstanding business ideas demonstrating viability, sustainability, and social impact.

    This year’s RISE Challenge winners were chosen after a rigorous selection process involving participants sending their proposals for a team of judges and business experts to assess. The final four selected competitors then pitched their ideas individually to a panel of judges, who chose the winners based on innovation, social impact, sustainability, and financial viability.

    Read Also: Union Bank launches N131m savings promo

    The first, second and third places received cash prizes of N1,000,000, N750,000, and N250,000, respectively.

    During the event, Ayokunumi Abraham, Head SME of Union Bank of Nigeria, said, “Union Bank is passionate about supporting Made In Naija and youth-led businesses to scale for sustainable growth. We believe this will not only boost and nurture upcoming enterprises but also create a positive ripple effect that will drive employment, innovation, economic opportunity, and access that will empower small and medium businesses across the length and breadth of the country.”

    Union Bank reiterated that it would continue to promote Made in Naija and young innovators to drive economic growth and strengthen its position as a leading bank for entrepreneurs

  • Union Bank begins PoS withdrawal limit

    Union Bank begins PoS withdrawal limit

    Union Bank has commenced the implementation of a daily withdrawal limit on point-of-sale (PoS) terminals.

    The implementation followed a directive by the Central Bank of Nigeria (CBN) on December 17, 2024, limiting the daily withdrawal limit on PoS to N100,000 per customer.

    According to CBN, the intervention is aimed at addressing identified challenges, combating fraud and establishing uniform operational standards across the industry.

    Six weeks later, Union Bank, in an email to customers seen by TheCable, said implementation of the daily withdrawal limit has commenced and customers are limited to a weekly withdrawal of N500,000 on PoS.

    Read Also: Union Bank appoints chairman, directors

    “In line with CBN directives, please note that effective immediately, the daily withdrawal limit on POS is now N100,000, while the weekly limits are now fixed at N500,000,” the email reads.

    “Our ATMs are also available for your cash withdrawals. We encourage you to use our alternative channels (UnionMobile, *826#, UnionOnline) for all your transactions.”

    The bank’s announcement comes a week after CBN sanctioned nine banks for failing to ensure cash availability via automated teller machines (ATM) during the festive season.

    Union Bank was one of the affected banks.

    The nine banks were fined N150 million following spot checks that revealed noncompliance with the apex bank’s cash distribution guidelines.

  • Union Bank launches N131m savings promo

    Union Bank launches N131m savings promo

    Union Bank of Nigeria (UBN) has launched the fourth edition of its Save and Win Palli Promo, which will run from December 2024 to May 2025.

    The campaign offers customers the chance to win over N131 million in cash prizes, motorcycles, tricycles, fuel vouchers, and a star prize of N5 million to be handed out to three lucky winners at the grand finale in May 2025.

    Head, Retail Banking and Digital, Union Bank of Nigeria (UBN), Vivian Imoh-Ita, said the Save and Win Palli Promo campaign is opened new and existing customers, who are required to save a minimum of N10,000 monthly to qualify for draws.

    Imoh-Ita explained that monthly winners can receive N100,000, while quarterly draws will reward lucky savers with motorcycles, tricycles, and other exciting prizes.

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    “Customers who save in multiples of N10,000 will increase their chances of winning. Since its inception in 2021, the Save and Win Palli Promo has rewarded close to 2,000 customers with various prizes, including household appliances, cash gifts, and a GAC SUV. The initiative underscores Union Bank’s commitment to supporting Nigerians during challenging economic times by promoting a sustainable savings culture.

     “The Save and Win Palli Promo has consistently improved the lives of our customers by encouraging financial stability and rewarding loyalty. This fourth edition reaffirms our commitment to enabling inclusive growth and positively impacting communities,” Imoh-Ita said.

    The bank stated that winners would be selected through a transparent, electronically generated process supervised by regulatory authorities.

    According to the bank, new customers can join the promo by downloading the UnionMobile app to open an account or visiting any Union Bank branch.

    “Union Bank’s Save and Win Palli Promo continues to reflect its dedication to fostering financial inclusion, transforming lives, and empowering customers to achieve their financial goals,” Imoh-Ita said.

  • Union Bank appoints chairman, directors

    Union Bank appoints chairman, directors

    Union Bank of Nigeria (UBN) Plc has appointed Mr. Bayo Adeleke as chairman of board of directors. Seven other members of the board were also appointed.

    In a statement, UBN announced the appointment of two executive directors, Mr. Kelechi Nwaoba and Mr. Taiwo Shote, and five non-executive directors: Mr. Mohammed Balarabe, Mrs. Chiamaka Ezenwa, Mr. Ibrahim Oruma, Mrs. Oluyinka Morgan, and Mrs. Eileen Shaiyen.

    Adeleke brings extensive experience in the banking and financial services industry, having held leadership roles at First Bank of Nigeria.

    According to the statement, the new chairman’s strategic acumen and commitment to excellence will be instrumental in guiding the bank’s next phase of growth and transformation.

    The statement also noted that the other new appointees also came with a wealth of experience and expertise to the board.

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    For instance, Balarabe has a distinguished career in corporate banking and regulatory compliance, while Ezenwa has global experience in financial services, particularly in M&A and sustainable infrastructure.

    Managing Director, Union Bank of Nigeria (UBN) Plc, Mrs. Yetunde Oni expressed satisfaction with the new appointments, stating that they demonstrate the bank’s commitment to building a robust leadership framework.

    The new board members are expected to contribute significantly to the bank’s strategic goals and reinforce its position as a leader in the industry.

    “These appointments are a testament to Union Bank’s unwavering commitment to building a robust leadership framework. The collective expertise of our newly appointed chairman, executive directors, and non-executive directors will significantly contribute to our strategic goals and reinforce our position as a leader in the industry,” Oni said.

    The bank assured all customers that the new additions to its leadership structure would continue to evolve, innovate, and ensure excellent services that would meet their demands and propel the financial institution to long-term, meaningful growth.