CREATOR: gd-jpeg v1.0 (using IJG JPEG v62), quality = 82
BrandNewsDay Nigeria reports that Fidelity Bank, Tuesday, has disclosed in a regulatory filing at the Nigeria Exchange Ltd that it reached an agreement to acquire a “100 per cent equity stake in Union Bank UK Plc.”
This online news platform noted that the bank believes the sale is aligned with its strategy to geographically streamline its business operations to focus on growth opportunities in Nigeria.
But the subject to the approval of the Prudential Regulatory Authority of the United Kingdom
Nneka Onyeali-Ikpe, the Managing Director/Chief Executive Officer, Fidelity Bank said, “This transaction aligns with our strategic plan of expanding our services touchpoints beyond the Nigerian market and providing straight-through services that meet and exceed the needs of our growing clients.
“The diverse bouquet and business model of Union Bank UK offer a compelling synergy and we hope to build on the existing capacity to create a scalable and more sustaining service franchise that will support the wider ecosystem of our trade businesses and diaspora banking services.”
In January 2020, the bank it has entered a share sale and purchase agreement to divest its 100% equity stake in Union Bank UK Plc.
Stanbic IBTC Pension Managers, a subsidiary of Stanbic IBTC Holdings, has successfully concluded its 2026…
The Federal Government has unveiled FreeTV, a new free-to-air digital television platform designed to provide…
The FTC warned car dealer groups across America about hidden fees & misleading pricing. New…
Johannesburg, South Africa. 17 June 2026 – Ukiyo, a South African edutech and youth development…
Lagos, Nigeria — As part of its ongoing commitment to youth empowerment, financial inclusion, and…
Kenya layer farmers are experiencing lower-than-expected egg production, with industry experts attributing the decline largely to…
This website uses cookies.