Alpha Morgan Bank Moves Headquarters to Lagos, Reports Profit

Alpha Morgan Bank Limited has officially relocated its head office from 44 Adetokunbo Ademola Crescent, Wuse II, Abuja, to 52 Adetokunbo Ademola Street, Victoria Island, Lagos. This relocation marks a significant phase in the bank's growth strategy and nationwide expansion.

Within its first 10 months of operations, the bank reported a profit before tax of ₦1.9 billion and exceeded its capitalisation threshold, indicating strong financial performance. The move to Lagos, recognized as Nigeria's commercial hub, is intended to bolster the bank's market presence, deepen customer relationships, and expand access to its financial services.

Ade Buraimo, the Managing Director and Chief Executive Officer of Alpha Morgan Bank, described the relocation as an important milestone in the institution's growth journey. He acknowledged the contributions of employees, customers, and the Central Bank of Nigeria for their support.

The bank remains committed to expanding its reach and enhancing community development through various initiatives.