Membis247Blog

MEMBIS247Blog Lifestyle NigeriaMembis247News Fidelity Bank To Acquire Union Bank UK ADVERTISEMENT Fidelity Bank Plc has entered a binding agreement to acquire 100 percent equity stake in Union Bank UK Plc. G atekeepers New s  reports that the bank said this in a corporate filing on the Nigerian Exchange Limited (NGX) signed by Ezinwa Unuigboje, the company secretary. Fidelity Bank said the Central Bank of Nigeria (CBN) had issued “No Objection” letter for the deal. ADVERTISEMENT It also added that the transaction is still subject to the approval of the Prudential Regulatory Authority (PRA) of the United Kingdom. Nneka Onyeali-Ikpe, Managing Director and Chief Executive Officer, Fidelity Bank Plc, while speaking on the development, said the was a move to expand services from the local market and diversify. ADVERTISEMENT “This transaction aligns with our strategic plan of expanding our service touchpoints beyond the Nigerian market and providing straight-through services that meet and ex