Alpha Morgan Bank Moves Head Office to Lagos, Targets Nationwide Expansion

Alpha Morgan Bank Limited has relocated its head office from Abuja to Lagos, marking a new phase in its growth strategy and nationwide expansion.

The bank announced that its head office had moved from 44 Adetokunbo Ademola Crescent, Wuse II, Abuja, to 52 Adetokunbo Ademola Street, Victoria Island, Lagos.

The relocation comes amid the bank’s expansion of its branch network across several Nigerian cities and what it described as significant milestones in its early operations.

Within its first 10 months of operations, Alpha Morgan Bank recorded a Profit Before Tax (PBT) of ₦1.9 billion and exceeded its capitalisation threshold, reflecting what the bank described as strong early momentum.

Beyond its financial performance, the bank said it had continued to invest in its workforce through inclusive recruitment, support communities through its Corporate Social Responsibility (CSR) initiatives, and promote economic knowledge-sharing through its quarterly Alpha Morgan Economic Review webinar featuring economist Bismarck Rewane.

Commenting on the relocation, the Managing Director and Chief Executive Officer, Ade Buraimo, described the move as an important milestone in the bank’s development.

“The relocation of our Head Office from Adetokunbo Ademola, Abuja to Adetokunbo Ademola, Lagos is unique and exciting, representing an important step in our growth journey,” Buraimo said.

He added that the bank’s achievements reflected the dedication of its workforce, the trust of its customers and its commitment to building a strong, accessible and sustainable financial institution.

Buraimo also expressed appreciation to the Central Bank of Nigeria (CBN) for its continued support, while thanking the bank’s board, management and staff for their contributions to its progress.

Alpha Morgan Bank said it would continue to strengthen its nationwide presence, deepen customer relationships and create lasting value for the communities it serves.

The relocation places the bank’s head office in Victoria Island, Lagos, one of Nigeria’s major commercial and financial centres, as it pursues its expansion ambitions.