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The National Union of Banks, Insurance and Financial Institution Employees (NUBIFIE) is a trade union representing workers in the finance industry in Nigeria. The union was founded in 1978, when the Government of Nigeria merged nine unions: [1] Bank of the North Staff Union; British American Insurance Workers' Union of Nigeria
The union was founded in 1996, when the government of Nigeria merged the Civil Service Technical Workers' Union with the National Union of Public Corporations and the Recreational Services Employees' Union. Like all its predecessors, it affiliated to the Nigeria Labour Congress, and by 2005 it had 85,000 members. [1] [2]
The banking industry in Nigeria started during the colonial era with the establishment of Colonial Banks, with the primary aim of meeting the commercial needs of the Colonial Government. [1] The banking system in Nigeria is regulated through the Central Bank of Nigeria. This apex bank started operation on July 1, 1959. [2]
This is a list of commercial banks and other credit institutions with in Nigeria, as updated late 2024 by the Central Bank of Nigeria. [ 1 ] List of commercial banks
The Nigeria Union of Journalists (NUJ) urged Tinubu to address the dispute with the ASUU. [21] On 25 June 2024, 1,800 petrol stations were shut down in northeastern Nigeria, after the Independent Petroleum Marketers Association of Nigeria (IPMAN) began a strike in protest against an anti-smuggling operation by the Nigeria Customs Service (NCS).
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...
Union Bank UK plc (UBUK), is a UK incorporated bank specializing in services to Nigeria and West Africa. [1] It had previously been a subsidiary of the Union Bank of Nigeria , but was fully divested from that entity in 2020. [ 2 ]
This proposition came after the military government proscribed the two major union founded labour training centers: [14] the pro-west Trade Union Institute for Economic and Social Development managed by the African-American Labour Center in partnership with Nigerian led United Labour Congress [15] and the left leaning Lumumba Labour Institute.