Union Bank wins fourth FMDQ GOLD award – Blueprint Newspapers Limited

Union Bank of Nigeria, received an award for Largest Commercial Paper Deposit in the Primary Market Price Category at the just concluded FMDQ GOLD Awards.

This is a prize awarded to the issuer with the highest total value of commercial paper admitted to the FMDQ depositary during the year in view.

Union Bank received the award for its 100 billion naira business program broadcast on FMDQ.

The GOLD Awards ceremony, underlined by the principles of the FMDQ’s “GOLD” program (global competitiveness, operational excellence, liquidity and diversity), is designed to recognize excellence, quality of service, dedication, innovation and the dynamism of the Nigerian fixed income market.

Commenting on the recognition, Union Bank Managing Director Emeka Okonkwo said the award was indicative of the confidence the investment community has shown in the re-energized Union Bank brand. He said:

Now in its fourth edition, the FMDQ Gold Awards, held annually, recognize stakeholders whose participation in the fixed income, foreign exchange and derivatives markets has supported and fostered the growth and development of these markets as well as of the Nigerian economy. The first edition took place in 2018.

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