The Central Bank of Nigeria has given a nod for the merger arrangement between Unity Bank Bank and Providus Bank. The bank’s spokeswoman, Hakama Sidi Ali gave the indication in Abuja, on Tuesday. A statement by Sidi Ali reads in full, “The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. “This strategic move is designed to bolster the stability of Nigeria’s financial system and avert potential systemic risks. The merger is contingent…
Read MoreCBN Okays Unity, Providus Banks’ Merge Deals
