Unity Bank, NACCIMA introduce co-branded debit card for business

Unity Bank and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture have launched a co-branded debit card aimed at promoting businesses that cut across various sectors of the Nigerian economy. The prepaid debit ID card would be an operational business tool and has an array of value-added services such as discount for […]

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CIBN accredits UBA, Unity Bank training schools

The Chartered Institute of Bankers of Nigeria (CIBN) has given Certificate of Accreditation to the United Bank for Africa (UBA) and Unity Bank’s training schools respectively. Speaking at the ceremony which tok place in Lagos recently, the Group Head, Human Resources, UBA, Patricia Aderibigbe, said the bank was already preparing for the fourth industrial revolution […]

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Traders work at the Nigerian Stock Exchange in Lagos

NSE sanctions FBN, WEMA six others with ₦102 million fines

The Nigerian Stock Exchange has sanctioned eight banks with fines totalling ₦102.7 million for failing to file their financial statements at the regulatory date. The Exchange launched its new sanction regime for the delay in submission of companies’ results on January 1, 2018, saying companies might pay fines ranging from ₦100, 000 to more than […]

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The Nigerian Stock Exchange (NSE)

NSE suspends share trading in Unity Bank, five others

The Nigerian Stock Exchange has suspended trading in the shares of Unity Bank Plc and five other listed companies. The Head, Listings Regulation, NSE, Godstime Iwenekhai, in a statement on Thursday, said the companies were suspended for failing to file their financial statements. Iwenekhai, who announced the suspension, said it was in pursuant to Rule […]

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Unity Bank promotes career devt for young professionals

Unity Bank has partnered Young Professionals Breakfast Roundtable to mentor youths in career development. Its Chief Executive Officer (CEO), Mrs Tomi Somefun, who spoke at the 2018 edition of the youth programme in Lagos, enjoined participants to see the “pursuit of greatness as a process rather than a one-off-event”. She was among the over 50 […]

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Unity Bank records ₦2.72 billion Q3 profit

Unity Bank Plc announced ₦2.72 billion profit before tax for its un-audited third quarter financial report. The bank attributed the modest performance to the challenging operating environment while pointing to key financial indices to validate sustained growth. “This attests to the bank’s ability to remain profitable and resolute in its commitment to delivering value and […]

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Unity Bank’s capital base hits ₦80 billion

Unity Bank Plc’s capital base has hit ₦80 billion, up from ₦31 billion in 2014, Mr. Thomas Etuh, former Chairman, Board of Directors, has said. Etuh, the immediate past board chairman of the bank said in a post-retirement interview with the News Agency of Nigeria, in Abuja that the growth was recorded under his watch, […]

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Unity Bank gives ₦24 billion loan to farmers via Agriculture Scheme

Unity Bank Plc says it has disbursed ₦24 billion to farmers through the Commercial Agriculture Credit Scheme introduced by the Federal Government. The lender noted that it had effectively keyed into the various intervention funds of the Central Bank of Nigeria to boost agriculture. It said it had emerged as one of the leading players […]

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nigerian banks

DMBs to support SMEs with ₦26 billion

Deposit Money Banks (DMBs), yesterday announced the setting up of a projects review committee to oversee the disbursement of ₦26 billion equity funds for the Small and Medium Enterprises (SMEs) . Members of SMEs Projects Review Committee include the Managing Directors of GTBank, Zenith Bank, First Bank, UBA, Access Bank, FCMB, Unity Bank, CBN Director […]

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