About Us

Unity Bank Plc is a Nigerian commercial bank that provides financial services to individuals, businesses, and the public sector. Established in 2006 through the merger of nine financial institutions, the bank has grown into one of the country’s prominent retail banks. With its headquarters in Lagos, Unity Bank operates a widespread branch network across Nigeria, offering various banking products and services, including retail banking, corporate banking, SME financing, digital banking, and agricultural financing.

The bank plays a significant role in supporting Nigeria’s agricultural sector by providing financing solutions tailored to farmers and agribusinesses. It also embraces digital transformation, offering services such as mobile banking, USSD banking, and internet banking to enhance customer convenience. In August 2024, the Central Bank of Nigeria approved a merger between Unity Bank and Providus Bank, a strategic move aimed at strengthening its financial position and expanding its reach.

Unity Bank continues to focus on financial inclusion, innovation, and customer service, positioning itself as a key player in Nigeria’s evolving banking industry.

Mission Statement

To create superior wealth for our stakeholders by providing innovative and customer-centric banking services, leveraging technology and best practices.

Vision Statement

To be the retail bank of choice for all Nigerians.

Unity Bank’s parent company or affiliated group

Unity Bank Plc does not have a publicly known parent company or holding group. It operates as an independent, publicly traded financial institution in Nigeria.

The bank was formed in 2006 through the merger of nine financial institutions, which came together to create a stronger and more competitive commercial bank. These institutions were smaller legacy banks that merged to form what is now Unity Bank Plc.

In recent developments, the Central Bank of Nigeria (CBN) approved a merger between Unity Bank and Providus Bank in August 2024 as part of financial sector consolidation efforts. This move aims to strengthen the bank’s capital base and enhance its competitiveness in Nigeria’s banking industry.

Historical Background

Unity Bank Plc was established in 2006 following the merger of nine commercial banks that were formerly independent financial institutions. These banks came together to form a stronger, more competitive financial institution, in response to the Central Bank of Nigeria’s banking sector reforms under Governor Charles Soludo, which required Nigerian banks to increase their capital base to ₦25 billion.

The nine banks that merged to form Unity Bank were:
  • Intercity Bank Plc
  • First Interstate Bank Plc
  • Tropical Commercial Bank Plc
  • Pacific Bank Limited
  • Centre-Point Bank Plc
  • Societe Bancaire Nigeria Limited
  • NMB Bank Limited
  • Bank of the North Limited
  • New Africa Bank Plc

Following the merger, Unity Bank positioned itself as a strong player in retail banking, SME banking, and agricultural financing, serving individuals, businesses, and the public sector across Nigeria.

Key Milestones

  • 2006: Formation through the merger of nine banks.
  • 2010: Expanded to over 240 branches, making it one of Nigeria’s largest banks in terms of branch network.
  • 2017: Focused on agricultural financing, becoming a key player in providing loans and financial services to farmers and agribusinesses.
  • 2024: Approved merger with Providus Bank by the Central Bank of Nigeria (CBN) to enhance financial stability and competitiveness.

Current Status

Today, Unity Bank continues to serve millions of customers through its digital banking platforms, physical branch network, and specialized financing solutions, particularly in the agricultural sector.

Services Offered

Unity Bank Plc provides a wide range of financial services catering to individuals, businesses, and corporate clients. These services include:

Retail Banking Services
  • Savings Accounts – Various savings account options for individuals, students, and children.
  • Current Accounts – Personal and business current accounts for everyday banking needs.
  • Fixed Deposit Accounts – Secure investment options with competitive interest rates.
  • Salary Accounts – Accounts designed for salary earners with added benefits.
Corporate & SME Banking
  • Business Accounts – Tailored accounts for small businesses, SMEs, and large corporations.
  • Loans & Credit Facilities – Business loans, overdrafts, and structured finance options.
  • Trade Finance – Letters of credit, import/export financing, and other trade solutions.
  • Cash Management Services – Efficient cash handling and liquidity management for businesses.
Digital Banking Services
  • Internet Banking – Secure platform for online transactions, bill payments, and fund transfers.
  • Mobile Banking App – Enables banking on the go with access to account services and payments.
    *USSD Banking (7799#) – Quick and easy banking without internet access.
  • Debit & Credit Cards – Visa and Mastercard options for secure cashless transactions.
Agricultural Financing
  • Anchor Borrowers’ Programme (ABP) – Provides credit to smallholder farmers and agribusinesses.
  • Agricultural Loans – Specialized loans to support farming, livestock, and agro-processing.
Treasury & Investment Services
  • Fixed Income Investments – Treasury bills, government bonds, and other secure investment options.
  • Foreign Exchange (Forex) Services – Buying and selling of foreign currencies.
E-Payment & Remittance Services
  • POS Terminals & Payment Solutions – For businesses to accept card payments.
  • Western Union, MoneyGram & Ria – International money transfer services.

Achievements of Unity Bank Plc

Unity Bank Plc has made significant strides in Nigeria’s banking industry since its establishment in 2006. Here are some of its key achievements:

Expansion of Branch Network
  • Unity Bank grew rapidly after its merger, expanding to over 240 branches across Nigeria, making it one of the largest retail banks in terms of branch network.
Leading Role in Agricultural Financing
  • Recognized as one of Nigeria’s top agricultural banks, supporting farmers and agribusinesses through initiatives like the Anchor Borrowers’ Programme (ABP).
  • Partnered with the Central Bank of Nigeria (CBN) and other agencies to provide funding for smallholder farmers.
Digital Banking & Financial Inclusion
  • Introduced USSD banking (*7799#), making banking accessible to millions without internet access.
  • Expanded its internet banking and mobile banking platforms for improved customer experience.
Strong Financial Performance
  • Achieved consistent growth in revenue and profitability, ranking among the top banks in SME and agribusiness lending.
  • Successfully raised capital and improved its financial stability over the years.
Industry Recognition & Awards
  • Awarded for Excellence in Agricultural Financing by various financial institutions.
  • Recognized as one of the most innovative banks in digital banking services.
Merger with Providus Bank (2024)
  • In August 2024, the Central Bank of Nigeria approved a merger between Unity Bank and Providus Bank, positioning the institution for greater financial strength and competitiveness.

Unity Bank’s Commitment to Innovation

Unity Bank Plc has continuously embraced innovation to enhance banking services, improve customer experience, and drive financial inclusion across Nigeria. The bank leverages technology, digital solutions, and strategic partnerships to remain competitive in the evolving financial landscape.

Digital Banking Transformation
  • *USSD Banking (7799#) – A simple, fast, and secure way to perform transactions without internet access, catering to unbanked and underbanked populations.
  • Mobile Banking App – Provides seamless access to financial services, including funds transfers, bill payments, and account management.
  • Internet Banking – A secure online platform enabling customers to conduct banking transactions remotely.
  • ATM & POS Services – Widespread availability of self-service banking channels for convenience.
Fintech Partnerships & Financial Inclusion
  • Collaborates with fintech companies to develop innovative payment solutions and digital financial services.
  • Supports financial inclusion programs, making banking accessible to rural communities and SMEs.
  • Provides digital lending solutions tailored to farmers, traders, and entrepreneurs.
Advanced Security & Fraud Prevention
  • Implements cutting-edge cybersecurity measures to protect customer transactions.
  • Uses AI-driven fraud detection systems to enhance security and prevent unauthorized access.
  • Offers real-time transaction monitoring for improved transparency and risk management.
 Innovative Agricultural Financing Solutions
  • Pioneered digital loan disbursement for farmers under the Anchor Borrowers’ Programme (ABP) in partnership with the Central Bank of Nigeria (CBN).
  • Uses blockchain and data analytics to assess creditworthiness and loan distribution in the agricultural sector.
Future-Focused Banking Solutions
  • Exploring Artificial Intelligence (AI) and machine learning to improve customer service and financial advisory services.
  • Investing in cloud-based banking infrastructure for enhanced efficiency and scalability.
  • Plans to introduce contactless payment solutions and biometric authentication for enhanced user experience.

Summary of Unity Bank Plc

Unity Bank Plc is a leading commercial bank in Nigeria, established in 2006 through the merger of nine financial institutions. With its headquarters in Lagos, Nigeria, the bank focuses on retail banking, SME financing, agricultural lending, and digital banking services. It has grown to become one of Nigeria’s top financial institutions, offering a wide range of banking solutions to individuals, businesses, and the public sector.

The bank is particularly recognized for its strong commitment to agricultural financing, supporting farmers and agribusinesses through initiatives like the Anchor Borrowers’ Programme (ABP). Additionally, it has embraced digital banking innovation, providing services such as *mobile banking, USSD banking (7799#), internet banking, and fintech partnerships to enhance financial inclusion.

In August 2024, the Central Bank of Nigeria (CBN) approved a merger between Unity Bank and Providus Bank, a move aimed at strengthening its financial position and expanding its services. The bank remains dedicated to innovation, financial inclusion, and customer-centric banking, ensuring its customers benefit from modern banking solutions.