The Central Bank of Nigeria (CBN) has affirmed the capitalization of Alpha Morgan Bank, marking an important milestone in the Bank’s growth journey and reinforcing its commitment to building a strong, resilient, and future-ready financial institution.

This affirmation reflects the Bank’s adherence to regulatory requirements and its strategic focus on strengthening its capital base to support sustainable growth, innovation, and improved service delivery to customers.

With this milestone, Alpha Morgan Bank is well-positioned to continue expanding its footprint with 14 approved branches across different states, while deepening inclusivity and enhancing the range of banking solutions available to individuals, businesses, and institutional clients nationwide.

Commenting on the development, the Managing Director, Mr. Ade Buraimo, expressed the bank’s readiness to ensure compliance with regulatory requirements and a good governance framework while delivering satisfactory banking services in line with the bank’s long-term vision to become the best bank to work at and a strong financial institution to reckon with.

‘Capitalisation is more than a regulatory requirement; it is an opportunity to strengthen the institution for the future. The affirmation of Alpha Morgan Bank capitalisation reflects the work we have done to build a solid capital foundation that allows us to support businesses more effectively, expand financial access, and continue delivering the level of service our customers expect,’’ he said.

Alpha Morgan Bank remains committed to maintaining strong corporate governance standards, sound risk management practices, and prudent financial management as it continues to support economic development and create long-term value for stakeholders.

As Alpha Morgan Bank enters the next phase of its journey, the institution will continue to scale its operation, invest in technology, expand its branch network and digital banking presence, whilst delivering reliable and satisfying banking experiences to its growing customer base.

Alpha Morgan Bank is a Nigerian commercial bank, committed to delivering satisfying banking through innovative solutions, strong corporate governance, and customer-focused services that support economic growth and financial inclusion. Learn more about Alpha Morgan Bank at www.alphamorganbank.com

Sustainability has become a critical priority for businesses and governments across the world, driving growth, innovation, and positive change. As the world grapples with climate change, social inequality, and economic uncertainty, organisations are recognising the importance of adopting sustainable practices that balance Environmental, Social, and Governance considerations.

In Nigeria, the sustainability agenda has become a mainstay, with companies like FirstBank leading the charge. As the leading financial institution in West Africa, FirstBank has made significant strides in promoting sustainability/ESG, with notable achievements in renewable energy, financial inclusion, and environmental conservation. The bank’s sustainability initiatives are anchored on three pillars: education, health and welfare; diversity and financial inclusion; and responsible lending, procurement, and climate initiatives.

One of the bank’s notable achievements is its investment in renewable energy. In 2025, FirstBank invested over $9 million in solar home projects across Africa, providing clean and affordable energy to communities. The bank also supported modular power plants with over N15 billion, enhancing energy access and reducing reliance on fossil fuels. Additionally, FirstBank fulfilled its three-year commitment with the Nigerian Conservation Foundation (NCF) to plant 51,000 trees across Nigeria, promoting biodiversity preservation and absorbing approximately 720 tonnes of carbon dioxide.

The bank’s sustainability initiatives extend beyond environmental conservation. Over 1 million students have been impacted with financial literacy skills, empowering them to make informed financial decisions and secure their futures. The bank partnered with CFA Society Nigeria on the CFA Universities Ethics Challenge. It was also a major partner of the 15th Junior Achievement Company of the Year competition, presenting the FirstBank CEO award to Team Mauritius (Plantura).

FirstBank has also invested in leadership development for over 2,000 female employees through the FirstBank Women Network, promoting diversity and inclusion in the workplace. The bank screened 340 corporate transactions for ESG risks worth almost ₦5 billion and $340 million for sustainability risks within the year, further integrating ESG considerations into its credit framework. The bank’s commitment to sustainability earned it numerous international awards and recognitions, including Nigeria’s Best Bank for Environmental, Social, and Governance (ESG) at the prestigious Euromoney Awards for Excellence 2025, for the second time in a row.

Its commitment to climate governance was demonstrated in its corporate membership of Climate Governance Initiative (CGI) Nigeria, where the bank is a member of the Advisory Board. The bank is also part of the Steering Committee, overseeing operations and strategy. It participated in the Directors’ Engagement Series and led the adoption of IFRS S1 and S2 standards for transparent sustainability disclosures. FirstBank has implemented these standards, enhanced board oversight via its Board Risk Management Committee, and integrated climate considerations into risk management and decision-making.

As FirstBank continues to drive sustainable development in Africa, its efforts serve as a model for other financial institutions to follow. The bank’s achievements demonstrate that sustainability and business growth can go hand-in-hand, creating value for stakeholders and contributing to a more equitable and prosperous future. Looking ahead, FirstBank plans to expand its sustainability efforts through strategic partnerships and innovative solutions. The bank aims to increase its investment in renewable energy projects, expand its financial literacy programmes, and promote sustainable business practices.