The Digest:
Unity Bank Plc has confirmed that its merger with Providus Bank Limited remains "firmly on track" following approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). In a statement on Wednesday, the bank addressed speculation that the merger...
The Digest:
The proposed merger between Providus Bank and Unity Bank is in its final stage, with an official announcement expected within a month. The consolidation is driven by the Central Bank of Nigeria's (CBN) March 2026 recapitalisation deadline, which set a N200 billion capital...
The Digest:
In a significant consolidation move within Nigeria's financial sector, Providus Bank and Unity Bank have obtained shareholder approval to merge, creating a strengthened institution with nationwide reach and enhanced capital capacity. The merger represents a strategic response to...