Business

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 BAOBAB MICROFINANCE BANK 

OPENING HEAD OFFICE IN LAGOS 

The management of Baobab Microfinance Bank has announced the opening of the bank’s new Head Office, in Lagos, marking a milestone in the institution’s growth journey, continued commitment to operational excellence  to MSMEs and financial inclusion.

The relocation to the new facility, on Ikorodu Road, Lagos,  reflects the bank’s strategic focus on strengthening its internal capacity, while enhancing the quality and efficiency of services delivered to its customers across the country.

Positioned in one of Lagos’ major commercial corridors, the new head office provides improved accessibility and a more conducive environment to support the company’s expanding operations.
In line with the development, the bank has also announced that its offices located at Ahmadu Bello Way, Kaduna, and Murtala Muhammed Way, Yaba, Lagos, will now operate as head office annexes, thereby ensuring continuity in operations and optimizing the company’s nationwide structure for improved coordination and service delivery.

Speaking on the significance of the new head office, chairman of the Board of Baobab Microfinance Bank, Rotimi Oyekanmi, described the  commissioning of the  office as a milestone in the bank’s  growth journey.

“It reflects the strength of our vision, the resilience of our institution, and our unwavering commitment to expanding access to financial services while delivering long-term value to our customers and stakeholders,” he added.

He believes the move underscores the organization’s long-term vision of building a resilient institution that is well-equipped to drive sustainable growth and deepen its impact across Nigeria.

The bank’s CEO, Eric Ntumba, emphasised that the new location is not just a physical upgrade, but a strategic step toward enhancing organizational efficiency and strengthening stakeholder engagement.

“This new Head Office positions us to operate more effectively, collaborate more seamlessly, and continue delivering innovative financial solutions to the individuals and businesses we serve. It reinforces our mission to make financial services more accessible, inclusive, and impactful,” he added.

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