• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Saturday, May 10, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

Fitch Places Union Bank Ratings On Negative Watch After CBN Intervention

by Leadership News
1 year ago
in Business
CBN
Share on WhatsAppShare on FacebookShare on XTelegram

Fitch Ratings has assigned a Rating Watch Negative (RWN) to Union Bank of Nigeria Plc’s (UBN) Issuer Default Ratings (IDRs), Viability Rating (VR), and National Ratings.

Advertisement

The development follows the Central Bank of Nigeria’s (CBN) recent announcement of dissolving the board and management of three Nigerian banks, including UBN, due to regulatory non-compliance and corporate governance failure.

The RWN indicates the uncertainty surrounding the reasons for the CBN’s intervention, potential further regulatory actions, and the negative impact on UBN’s standalone credit profile.

Fitch aims to resolve the RWN within six months, seeking more clarity on the CBN’s intervention and its implications for UBN’s credit profile.

A downgrade and resolution of the RWN may occur with additional regulatory interventions, such as restrictive measures, fines, or findings affecting UBN’s asset quality, resulting in substantial losses and capital erosion. Funding instability, such as a deposit run or unavailability of additional liquidity sources, could also contribute to a downgrade.

RELATED

Keturah: Leveraging Resilience, Innovation To Succeed In Entrepreneurship

Keturah: Leveraging Resilience, Innovation To Succeed In Entrepreneurship

10 hours ago
Owerri Airport Records Maiden Foreign Flight As Air Peace Airlifts 2025 Hajj Pilgrims

Owerri Airport Records Maiden Foreign Flight As Air Peace Airlifts 2025 Hajj Pilgrims

11 hours ago

Ratings affirmation and removal from RWN are possible if UBN operates normally under the new management without further regulatory interventions or adverse financial profile implications.


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel



Tags: Central Bank of Nigeria (CBN)Union Bank
SendShareTweetShare
Previous Post

Police Recruitment: 136,177 Applicants Screened In 1 Week

Next Post

Insecurity: Kaduna Gov’t Mulls Security Trust Fund

Leadership News

Leadership News

You May Like

Keturah: Leveraging Resilience, Innovation To Succeed In Entrepreneurship
Business

Keturah: Leveraging Resilience, Innovation To Succeed In Entrepreneurship

2025/05/10
Owerri Airport Records Maiden Foreign Flight As Air Peace Airlifts 2025 Hajj Pilgrims
Business

Owerri Airport Records Maiden Foreign Flight As Air Peace Airlifts 2025 Hajj Pilgrims

2025/05/10
35% Lending Rates Stoke High Prices, Discouraging Investment – MAN
Business

‘Nigeria First’ Policy Will Boost GDP By 56% – Manufacturers

2025/05/10
Still On Revenue Sharing And Fiscal Responsibility
Business

Accountant-General Vows To Pursue Finance Management Bill Passage

2025/05/10
Boosting DFIs’ Capitalisation For Industrial Growth
Business

Logistics Industry To Grow Over $3trn By 2030

2025/05/10
Investing In Yam Byproducts For High Investment Returns
Business

Investing In Yam Byproducts For High Investment Returns

2025/05/10
Leadership Conference advertisement

Leadership Conference advertisement

LATEST

42% Of Africa’s Nurses Intend To Emigrate – WHO

Tinubu Has Transformed Abuja — Wike

NDYC Warns Against Politicising Governance In Zamfara

Weeks After Rape Acquittal, Nigerian Pastor Timothy Omotoso Rearrested In South Africa

Luton Town Release Victor Moses After Relegation From Championship

Arsenal Agree Deal To Sign Zubimendi From Real Sociedad

Dangote To Spend N15bn In 5-yr Dev’t Plan For ADUSTech

Gov Yusuf Secures Release Of 8 Female Inmates In Kano

Nigerian Fans Celebrate Historic British TV Series ‘Doctor Who’ Episode Set In Lagos

Airtel Unveils Spam Alert Service As Rollout Reaches 2 More Countries

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.