The Group Managing Director/Chief Executive Officer of SCOA Nigeria Plc, Dr. Massad Boulos has commended Unity Bank Plc and other banks for facilitating a credit facility of N15.5 billion for the importation and supply of 33 MAN Platform Trucks and equipment to construction giant, Julius Berger Plc. The equipment is to be deployed for the…
In a bid to safeguard its e-banking platforms with enhanced safety and security features, Unity Bank Plc has unveiled a new code on its USSD platform that completely puts the customer in control of his Bank Account against any e-Banking fraud. The new code which is *7799*9*Phone Number # allows customers to block access to…
Nigerian lender, Unity Bank Plc has committed over N30 million to empower National Youth Service Corps (NYSC) members through the Bank’s flagship Youth entrepreneurship development initiative known as Unity Bank Corpreneurship Challenge. The sum includes N4 million won by beneficiaries on four separate editions across four states and N10 million won by beneficiaries across the…
The Central Bank of Nigeria (CBN) may nationalise ailing Unity Bank Plc over its troubled and unhealthy state, in its bid to save depositors and shareholders’ funds. This follows the apex bank’s target examination which shows that the lender is in grave financial condition with its capital adequacy ratio (CAR) and non-performing loans ratio (NPL)…
Unity Bank Plc on Friday released its result for the 2018 financial year which shows the Balance Sheet budding up with a whopping 50.8% growth during the year. In its audited financial statements for the year ended December 31, 2018, released to The Nigerian Stock Exchange, the Bank’s Balance Sheet Size increased from N156.51billion in…
Unity Bank Plc has won the Central Bank of Nigeria (CBN) 2018 sustainable banking award, clenching the award for ‘Sustainable Transaction of the Year in Agriculture’. The Bank won the coveted award for its compliance with the Sustainable Banking Principles as it relates to the management of Environmental and Social Risk set out by the…
Threats from an unnamed official close to the President Muhammadu Buhari’s administration has forced Milost Global Inc., a New York based private equity firm, to terminate $1 billion equity and debt deal designed to grant it 60 per cent stake in Unity Bank Plc, sources have told Pointblanknews.com The Sources who do not want to…
A former employee of Unity Bank Plc, Mrs Remilekun Ogunwole, is presently biting her finger in regret over her alleged involvement in N14 million fraud. Mrs Ogunwole was brought before Justice Maryann Anenih of the Federal Capital Territory (FCT) High Court in Maitama, Abuja by the Independent Corrupt Practices and Other Related Offences Commission (ICPC)…
Unity Bank Plc has announced a Total Assets size of N476.15 billion for the quarter ended September 30, 2016, representing an increase of 7.4 percent or N32.6 billion over N443.3 billion recorded as at December 31, 2015. According to the company’s filing with the Nigerian Stock Exchange, NSE, the Bank grew Customer’s Deposit to N263.91…