Unity Bank Plc has notified the Nigerian Stock Exchange that its Board of Directors has approved the relocation of its Head Office from Plot 785 Herbert Macaulay Way, Central Business District, Abuja to Plot 42, Ahmed Onibudo Street, Victoria Island Lagos.
Unity Bank said the Central Bank of Nigeria granted its approval to the relocation on 21 December 2015.
Unity Bank Plc is the largest merger and consolidation in the history of the Nigerian banking industry with the merger of nine financial institutions namely; Intercity Bank Plc, First Interstate Bank Plc, Tropical Commercial Bank Plc, Pacific Bank Limited, Centre Point Bank Plc, Societe Bancaire Limited, NNB International Bank Plc, Bank of the North Ltd and New Africa Bank Plc.
The bank quoted at the Nigerian Stock Exchange with a total of 79,817 shareholders comprising of individuals, associations, business institutions within the country and State Governments.
The bank in 2010 concluded its first right issue of 23.9 billion and recorded a remarkable 72% achievement in raising 17.3 billion.