Shareholders applaud return to profitability


Union Bank of Nigeria (UBN) shareholders on Wednesday lauded the management for returning the company to profitability.

The shareholders stated this at the bank’s 48th Annual General Meeting (AGM) in Lagos.

They also applauded the bank’s improved performance and corporate governance policy and urged the management to consolidate the performance.

Mr Moses Igbrude, the General Secretary,  Independent Shareholders Association of Nigeria (ISAN), said  that the bank had made remarkable efforts to return to profitability.

Igbrude said that the bank needed to be more innovative, especially in the areas of technology advancement, to enable them to woo back customers that exited the bank in the past.

“They have done well.  The management has been able to reposition the bank to profitability.  The management needs to lay a solid foundation going forward.

“They should deploy…

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