Banning textile imports before empowering cotton farmers wrong approach—Expert
Development economists and Lagos industry affairs analyst, Dr Isaac Mammah, has faulted the Central Bank of Nigeria (CBN) in first halting importation of textiles and allied materials before beginning to plan for the revival of cotton farming. He said “For…
Banker sees implementation of only 40 to 50% of capital votes in 2018 budget
For the delays associated with the presentation and passage of the 2018 budget, a former Managing Director of Unity Bank Plc, Mr. Rislanudeen Mohammed, has argued that the Federal Government might not be able to fully implement the capital component…
Unity Bank close to being acquired by US based Milost group with $1b
The long period of internal battles for survival by Unity Bank Plc., may be over soon as US based financial giant, Milost Global Incorporated is looking to inject as much as $1bn to recapitalise the lender. Unity Bank’s latest annual…
Unity Bank grows capital base to N80b from N31bn in 2014
Unity Bank Plc has raised its capital base from N31 billion in 2014, to a comfortable level of N80 billion. This was revealed by former Chairman of Board of Directors, Mr. Thomas Etuh, in an interview in Abuja. Etuh who…
Unity Bank currently 4th largest provider of single-interest loans
Banking giant, Unity Bank Plc., has been revealed as the fourth largest provider of single-digit interest loans (nine per cent maximum) to agribusiness under the Central Bank of Nigeria’s (CBN) Commercial Agriculture Credit Scheme (CACS). The bank’s CACS loan portfolio…
Unity Verve for Value promo’ seeks to reward cardholders with goodies
Unity Bank Plc has said it will be giving out gifts to Verve cardholders in its planned ‘Unity Verve for Value promo’ campaign to grow card awareness in Nigeria. In a statement, the bank will be rewarding old and new…
Unity Bank seals MoU to grow GEEP initiative
The Chief Executive Officer of Unity Bank Plc, Mrs. Tomi Somefun, has said the successful signing of a Memorandum of Understanding (MoU) with the Bank of Industry (BoI), has opened way for the bank to drive Government Enterprise and Empowerment…
Unity Bank sues Tompolo, two ships over N5.3bn debt
As part of meeting the target of reducing non-performing loans as directed by the Central Bank of Nigeria (CBN), Unity Bank Plc has instituted a legal action against a limited liability company, Muhaabix Global Services, traced to a former Niger…
