See why CBN approves merger of two Nigerian banks to become one

  • The Central Bank of Nigeria is ready to support the merger of two commercial banks, Providus Bank and Unity Bank
  • The move is part of the apex bank’s efforts to enhance financial stability and efficiency in the banking sector
  • The CBN did not disclose the amount of financial support it planned to give for the merger to happen

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends

The Central Bank of Nigeria (CBN) has granted approval for the merger between Providus Bank and Unity Bank.