Lagos, Nigeria - 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.
In line with this development, the bank has also announced that its offices located at 16E Ahmadu Bello Way, Kaduna, and 360 Murtala Muhammed Way, Yaba, Lagos, will now operate as Head Office Annexes. This transition ensures continuity in operations while optimising the company’s nationwide structure for improved coordination and service delivery.
Speaking on the significance of the new head office, The Chairman of the Board of Baobab Microfinance Bank, Rotimi Oyekanmi, said:“The commissioning of our new head office is a significant milestone in Baobab Nigeria’s growth journey. It refl ects the strength of our vision, the resilience of our institution, and our unwavering commitment to expanding access to financial services while delivering long-term value to our customers and stakeholders.”
As Baobab Microfinance Bank continues to evolve in response to the needs of its customers and the broader financial ecosystem, the new head office is expected to serve as a central hub for innovation, collaboration, and strategic decision-making. The move underscores the organisation's long-term vision of building a resilient institution that is well-equipped to drive sustainable growth and deepen its impact across Nigeria.
Eric Ntumba, CEO of Baobab Microfinance Bank Nigeria, further emphasised that the new location is not just a physical upgrade but a strategic step toward enhancing organisational efficiency and strengthening stakeholder engagement. “This new head office positions us to operate more effectively, collaborate more seamlessly, and continue delivering innovative financial solutions to the individuals and businesses we serve. It reinforces our mission to make financial services more accessible, inclusive, and impactful.”
This milestone comes at a time when the demand for accessible and reliable financial services is increasing, particularly among MSMEs . Baobab Microfinance Bank remains focused on leveraging its expertise, technology, and customer-centric approach to meet these needs effectively.
Commenting on the milestone, the Group CEO, Philip Sigwart, expressed his pleasure saying, “Baobab Nigeria’s continued growth reflects the strength of our broader African footprint and our commitment to building a leading financial services group across the continent. From our headquarters in Paris to our operations across Africa, we remain focused on delivering inclusive, high-impact financial solutions, and this new head office in Lagos is a strong testament to that ambition. As part of our growth strategy, we are also focused on expanding our presence by opening an additional 100 branches in the near future to better serve the evolving needs of Nigerian MSMEs.”
As the institution looks ahead, it remains committed to driving innovation, strengthening its operational framework, and delivering value to its customers, partners, and stakeholders. The new head office serves as a symbol of this commitment and a foundation for the next phase of growth.
