The Central Bank of Nigeria (CBN) has approved the merger between Unity Bank and the Providus Bank Limited.
The CBN’s acting Director of Corporate Communications, Hakama Sidi-Ali, disclosed this in a statement on Tuesday in Abuja.
The statement read: “The merger is contingent upon the financial support from the CBN. The fund will be instrumental in addressing Unity Bank’s total obligations to the Central Bank and other stakeholders.
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