onatisi:
I have always been telling people that nigeria is the best and easiest place to make money. Outsiders sees the opportunities and they keep rushing to nigeria but nigerians don't and can't see the abundant opportunities surrounding them. They keep complaining day and night and keep insulting gej instead of sitting down and thinking of how to tap into the limitles business opportunites at their fingertips .

J12:


I do.

IVORY2009:


No doubt Nigeria is one of the easiest place to make money, but the question would be, how, where, do you achieve that, when you perhaps will be experiencing unfavourable economic policies, most developed countries in the world today attracts investors becos they probably have strong government policies in place that will protect their investment, but in Nigeria is it so?

Nicklaus:
That isn't what the article says, it says union bank succeeded barclay's. And not transformed into it

To illustrate the changes in its ownership structure, the bank changed its name to the “Union Bank of Nigeria Plc.”

Adesiji77:


However, the bank was forced to withdraw following the Indigenisation Decree promulgated by the Nigerian military regime in the 1970s in protest against Britain’s refusal to sanction the apartheid regime in South Africa.

LordMecuzy:
More jobs

redcliff:


I expected that you explained it to me...

edenhazard:
barclays nigeria premier league

J12:
We need more commercial banks and not investment banks.
Its such a shame that we have only about 20 banks when other countries have hundreds of financially and commercially active and strong banks that support the economy.

We need about 20 more commercial banks in Nigeria to boost our financial system. Barclays should go to hell with interests

J12:


Investment banks are for the rich and wealthy, they don't help the economy as much as commercial banks.

mfm04622:


Nigeria have more than 20 banks. Can you count how many community banks we have? Or are Community Banks not banks?

Adesiji77:


From the Bank's website:

[b]Union Bank of Nigeria Plc. has been in existence for almost a century withroots that can be traced to 1917 when Colonial Bank was founded. Colonial Bank was acquired by Barclays Bank in 1925 and this resulted in the change of name to Barclays Bank (Dominion, Colonial and Overseas or Barclays Bank (DCO)). In 1969, Barclays Bank (DCO) was incorporated as Barclays Bank of Nigeria Limited, to satisfy criteria set by banking laws decreed in 1968.

In 1971, the bank’s shares were floated on the Nigerian Stock Exchange and 8.3% of the shares were offered to Nigerians. In 1972, the Federal Government of Nigeria bought 51.67% of the bank’s shares leaving Barclays Bank Plc. with 40% ownership. In 1979, Barclays Bank Plc. sold its 40% share to Nigerian citizens and businesses. These changes in ownership were done to satisfy the conditions stipulated by the Enterprise Promotion Acts of 1972 and 1979.For the first time in Nigeria's history, a true Nigerian bank, was born. In 1993, the Federal Government of Nigeria completely divested its ownership of the bank’s holdings to Nigerians. Thus, Union Bank became one of the first, publicly owned banks in Nigeria, as it was owned completely by Nigerian individuals and organisations.
[/b]

Source: http://www.unionbankng.com/index.php?option=com_content&view=article&id=4&Itemid=201

Adesiji77:

donsteady:
Well, I bank with Barclays here in Ghana, they are too stricts.

Nicklaus:
Very analytic, but didn't prove that It was barclay's, so it's either u don't really understand it. And just because it may hav been in existence for about a century didn't make it barclay's.

IVORY2009:


Which of the Niger? 9ja or Niger republico'

Nicklaus:
Very analytic, but didn't prove that It was barclay's, so it's either u don't really understand it. And just because it may hav been in existence for about a century didn't make it barclay's.

Adesiji77:


I guess you missed the part that said

"....Barclays Bank Plc. sold its 40% share to Nigerian citizens and businesses. These changes in ownership were done to satisfy the conditions....the bank changed its name to the “Union Bank of Nigeria Plc.”

poseidon12:


Barclays Bank changed name to Union Bank and Standard Bank to First bank after the indigenization decree. So, yes Union Bank was Barclays Bank.

Adesiji77:


No, Union Bank used to be Barclays.

kevoh:
The British are here again

signz:


And CFA will now be the most sought after professional certificate in Nigeria