Unity Bank Plc

Unity Bank PLC has announced that a court-ordered meeting of its shareholders will be held on September 26, 2025, in Abeokuta to vote on a proposed merger with ProvidusBank Limited. The move marks a landmark development in Nigeria’s…

For alleged failure to settle an indebtedness of N998,618,351.13 million, a Federal High Court, Lagos, has in the interim placed a lien on the several bank accounts of a businessman, Dare Osamo. In placing the lien on the businessman’s…

The Board of Unity Bank Plc has announced the appointment of Ebenezer Kolawole (FCA) as the Acting Managing Director/Chief Executive Officer following the retirement of Oluwatomi Somefun who has completed her tenure as MD/CEO. The…

Retail lender, Unity Bank Plc posted gross earnings of N59.3 billion for 2023, representing a growth of 3.84 per cent year-on-year. In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across…

Unity Bank Plc has projected gross earnings of N27 billion and a Profit After Tax of N4 billion in Q4, 2024, in its latest earnings forecast released to the Nigerian Exchange Group. Although the projected gross earnings represent a…

Amid the fear about its stability in the banking sector, the retail lender, Unity Bank Plc has projected a profit after tax of N5.2 billion in the third quarter of 2024. The lender in its latest earning forecast to the Nigerian Exchange…

Finally, the Central Bank of Nigeria (CBN) on Thursday raised the minimum capital requirements for banks, pegging the minimum capital base for commercial banks with international authorisation at ₦500 billion, in measures to put the banks…

Retail lender, Unity Bank Plc has extended an N10 million business grant to 30 members of the National Youth Service Corps, (NYSC), who took part in the 10th edition of the Bank’s Entrepreneurship Development Initiative, known as the…

Unity Bank Plc encountered slowing incomes against rising interest and loan impairment expenses in the second quarter but scaled through to a 23 per cent profit growth to N1.7 billion at the half year. The bank’s management reined in…

Unity Bank Plc closed the 2019 operations on profit but that still leaves its equity capital impairment worse than the 2018 closing. To climb back to a healthy position, the bank will need a new capital injection of N304 billion to wipe off…