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Headquartered in Lagos, Nigeria's commercial capital. Unity Bank also maintains an operations base in Abuja, Nigeria's capital. [3] As of December 2012, the bank's total assets were valued at about US$2.45 billion (NGN:396 billion), with shareholders' equity of approximately US$322 million (NGN:51.5 billion). [4]
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 bank was granted a regional banking license by the Central Bank of Nigeria in June 2016. [3] In 2024, the Central Bank of Nigeria approved the merger between Unity Bank and Providus Bank, with a stipulation that the newly formed entity will receive a N700 billion loan from the CBN to support its operations. [9]
FBNQuest Merchant Bank previously known as Kakawa Discount House is one of the five operational discount houses in Nigeria which serves as government financial tools and acts as a middle access points between all other banks in Nigeria and the Apex bank of Nigeria, the Central Bank of Nigeria. FBN Quest Merchant bank is a subsidiary of First ...
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Nuuman Barau Danbatta is a Nigerian politician, a civil servant that rose to the position of Permanent Secretary of the Ministry of Transportation, [1] [2] Federal Republic of Nigeria, the former chairman of Unity Bank plc, current chairman of Gracefield Island, [3] and also holds a traditional title "Ajiyan Kazaure" Jigawa State.
Thus, Union Bank became wholly owned by Nigerian citizens and organisations all within the private sector. During the Central Bank of Nigeria’s (CBN) banking sector consolidation policy, Union Bank of Nigeria Plc acquired the former Universal Trust Bank Plc and Broad Bank Ltd. It absorbed its one-time subsidiary, Union Merchant Bank Ltd.
United Bank For Africa is a large financial services group in Nigeria and on the African continent. As of September 2024, the group's financial assets were valued at ₦31.801 trillion (US$18.9 billion), with shareholders' equity of ₦3.585 trillion (US$2.0 billion).