Union Bank aims to close 50 billion naira share sale year-end

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LAGOS, AUGUST 7, 2017 – Union Bank of Nigeria expects to close the sale of a 50 billion naira ($137 mln) share issue by the end of the year and hopes to win regulatory approval for it this quarter, it said on Monday.

The mid-tier bank has said it planned to raise fresh funds to boost its capital adequacy and tap opportunities to lend to agribusinesses.

DCSL 90X780

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