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Unity Bank also maintains an operations base in Abuja, Nigeria's capital. [3] As of December 2012 [update] , 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).
Unity Bank plc: Oluwatomi Somefun is a Nigerian business woman and banker. She currently serves as the Managing Director and CEO of Unity Bank plc. [1] [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
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.
She is currently on the board of Unity Bank plc [6] (formerly Intercity Bank) and has been for over eight years. She is also a member of the recently inaugurated Nepad Business Group – Nigeria. Hajia Bola Shagaya is a patron of the Fashion Designers Association of Nigeria (FADAN). Money Laundering Investigation
Access Bank Group; Access Bank plc; B. Bank of Agriculture; ... Union Bank of Nigeria; United Bank for Africa; Unity Bank plc; V. VFD Microfinance Bank; W. Wema Bank ...
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]
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.