Nigeria's Union Bank aims to close 50 bln naira share sale year-end

LAGOS (Reuters) - Nigeria's Union Bank expects to close the sale of a 50 billion naira ($137 mln) share issue by the end of the year and hopes to win regulatory approval for it this quarter, it said on Monday. The mid-tier bank has said it planned to raise fresh funds to boost its capital adequacy and tap opportunities to lend to agribusinesses. ($1 = 364.85 naira) (Reporting by Chijioke Ohuocha. Editing by Jane Merriman)

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