Business
Unity Bank reaffirms position on Milost’s $1bn investment
Unity Bank has once again reiterated its position that it had not received $1 billion investment from Milost Global Inc.
The clarification, according to the bank, was in view of misinformation in some sections of the media pertaining the Milost’s interest.
The bank said that no amount of effort would be considered too much in ensuring that the recapitalization program is transparently conducted, urging for calm among the investment community.
It noted that in line with the mandate of its shareholders to engage potential investors to recapitalize the financial institution, the bank was talking to a number of investors and would update the public at the appropriate time.
“We won’t jump the gun. We are operating in a regulated environment and no single investor can pressure it into taking wrong steps” the bank stated.
The bank had in the wake of media reports on the $1bn investment enjoined the public to be weary and clarify any doubtful information with Unity Bank.
-
Business5 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business7 days agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week
-
Business7 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
News4 days agoUK, Canada pledge closer cooperation on trade, defence and AI
-
Business5 days agoTinubu’s economic reforms face public confidence test as cost-of-living crisis persists
-
Business5 days agoDangote: Petrol price gap fuels smuggling as Nigeria faces fresh pump price surge
-
Latest1 week agoHamzat meets Pastor Chris Oyakhilome, hails Christ Embassy’s community impact
-
Latest5 days agoCourt sets 7-day window for Atiku to serve Tinubu in 2027 suit