Baobab Microfinance Bank has officially announced the opening of its new Head Office located at No. 129 Ikorodu Road, Lagos, marking a significant milestone in the institution’s growth journey and its continued commitment to operational excellence, best in class service to MSMEs and financial inclusion.
The relocation to this new facility reflects the bank’s strategic focus on strengthening its internal capacity while enhancing the quality and efficiency of services delivered to its customers across the country.
Positioned in one of Lagos’ major commercial corridors, the new Head Office provides improved accessibility and a more conducive environment to support the company’s expanding operations. Following this development, the bank has also confirmed that its offices at 16E Ahmadu Bello Way, Kaduna, and 360 Murtala Muhammed Way, Yaba, Lagos, will now serve as Head Office Annexes. This change is designed to maintain seamless operations while enhancing the bank’s nationwide structure for better coordination and more efficient service delivery.
As Baobab Microfinance Bank continues to respond to the evolving needs of its customers and the broader financial landscape, the new Head Office is poised to serve as a key center for innovation, collaboration, and strategic decision-making. This move reinforces the bank’s long-term vision of building a resilient institution capable of fostering sustainable growth and expanding its impact across Nigeria.
Eric Ntumba, CEO of Baobab Microfinance Bank Nigeria, highlighted that the new location is more than a physical upgrade; it represents a strategic initiative to enhance operational efficiency and strengthen engagement with stakeholders.
This milestone comes at a time of growing demand for accessible and reliable financial services, particularly among MSMEs. Baobab Microfinance Bank remains committed to using its expertise, technology, and customer-centric approach to meet these needs effectively.
The Group CEO, Philip Sigwart, noted that Baobab Nigeria’s ongoing growth reflects the strength of its African presence and its commitment to becoming a leading financial services group on the continent. From its headquarters in Paris to operations across Africa, the bank is focused on delivering inclusive, high-impact financial solutions. The new Head Office in Lagos exemplifies this commitment, and as part of its expansion strategy, the bank plans to open an additional 100 branches to better serve Nigerian MSMEs.
Looking forward, Baobab Microfinance Bank is dedicated to driving innovation, enhancing operational efficiency, and creating value for its customers, partners, and stakeholders. The new Head Office represents both a symbol of this dedication and a foundation for the next phase of the bank’s growth.
