Alpha Morgan Bank Limited has moved its head office from Abuja to Lagos after recording a profit before tax of ₦1.9 billion within its first 10 months of operations, marking a new phase in the lender’s expansion.
The bank’s new headquarters is located at 52 Adetokunbo Ademola Street, Victoria Island, Lagos, replacing its former office at 44 Adetokunbo Ademola Crescent, Wuse II, Abuja.
The relocation comes as the financial institution expands its branch network across several Nigerian cities. Brandspur Banking News Desk gathered that the bank also exceeded its capitalisation threshold during its early months of operation, although the company did not disclose the amount involved in the announcement.
Managing Director and Chief Executive Officer, Ade Buraimo, described the move as an important step in the bank’s development, crediting its progress to the commitment of employees, customer confidence and efforts to build an accessible and sustainable financial institution.
Buraimo also acknowledged the support of the Central Bank of Nigeria, while expressing appreciation to the bank’s board, management and staff for their contributions to its growth.
Beyond its banking operations, Alpha Morgan Bank said it has continued to invest in its workforce through inclusive recruitment and support communities through its corporate social responsibility programmes.
The lender also organises a quarterly Alpha Morgan Economic Review webinar featuring economist Bismarck Rewane, providing a platform for discussions on economic developments.
The move to Lagos places the bank’s head office in Victoria Island, a major commercial district, as it seeks to strengthen its presence across the country and deepen relationships with customers.
Alpha Morgan Bank said it would continue to expand its nationwide reach and pursue initiatives aimed at delivering value to the communities it serves.
