Unity Bank’s Shareholders Approve Unit Sales, Punch Reports

Unity Bank Plc shareholders approved the Nigerian lender’s plan to sell its non-banking units, the Punch reported, citing a company press statement.

The investments, worth more than 6 billion naira ($39 million), are held in seven units, three associated companies and 12 other companies spanning insurance, pension fund management and agriculture, the Lagos-based newspaper reported today.

To contact the reporter on this story: Sam Olukoya in Lagos at solukoya2@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net.

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