Unity Bank reports ₦62.6 billion loss in 2023

Unity Bank has reported a staggering loss of ₦62.6 billion for the financial year ended December 31, 2023, marking a sharp reversal from a profit of ₦941 million in 2022. The bank’s audited 2023 financial statements reveal a challenging fiscal period for the lender which merged with Providus Bank in August 2024—a move largely considered a lifeline for the struggling Unity Bank. 

Unity…