Providus to Absorb Unity Bank in Landmark Merger Amid CBN Recapitalisation Drive

Unity Bank Shareholders to Decide Providus Merger Terms in September Court-Ordered Meeting

Unity Bank shareholders will, on September 26, 2025, gather for a decisive meeting that could seal the bank’s future under a proposed merger with Providus Bank Limited. Under the terms of the scheme, shareholders are set to receive either N3.18 per share or 18 Providus shares for every 17 Unity Bank shares they currently hold. […] The post Unity Bank Shareholders to Decide Providus Merger Terms in September Court-Ordered Meeting appeared first o…

Providus Bank gets approval to absorb ailing Unity Bank

Providus Bank has received court approval to acquire the distressed Unity Bank Plc, capping a year-long effort by regulators to engineer a rescue for the struggling lender. The deal will create a combined entity with a balance sheet of up to ₦3 trillion ($1.8 billion). The court-sanctioned merger follows Unity Bank’s struggle with a staggering ₦203 billion in impaired loans recorded at the close of the 2023 financial year. The Central Bank of Ni…

Shareholders to Vote on Unity Bank, Providus Bank Merger September 26

By Adedapo Adesanya Unity Bank Plc will hold a Court-Ordered Meeting on September 26, 2025, in Abeokuta, Ogun State, to vote on the proposed merger with Providus Bank Limited. Shareholders will consider an offer of N3.18 per share or an allotment of 18 Providus Bank shares for every 17 Unity Bank shares held. The meeting […]

Merger: Unity Bank shareholders to approve N3.18 payout, scheme at court meeting

Under the proposed merger with ProvidusBank Limited, Unity Bank shareholders are set to receive either N3.18 per share or 18 ProvidusBank shares for every 17 Unity Bank shares they currently hold.   The post Merger: Unity Bank shareholders to approve N3.18 payout, scheme at court meeting  appeared first on Nairametrics.

Providus Bank To Absorb Unity Bank As Merger Plan Advances

September 02, (THEWILL) — Providus Bank is set to assume the corporate identity of Unity Bank under a merger scheme that will see Unity shareholders either paid in cash or allotted shares in Providus. According to the scheme, Providus Bank Limited’s certificate of incorporation will become that of the enlarged entity, while Unity Bank’s entire

Providus to absorb Unity bank in landmark merger amid CBN recapitalisation drive

Providus Bank and Unity Bank are in advanced merger talks, which will see Providus completely absorb the operations and identity of Unity Bank to beat CBN's deadline