Providus Bank and Unity Bank have secured shareholder approval to merge, creating one of the most significant consolidations in Nigeria’s banking sector in recent years.

The decision followed a court-ordered Extraordinary General Meeting (EGM) held on Friday, where boards and shareholders of both banks gave their consent.

The approval represents a major step toward building a larger, more competitive financial institution in line with Nigeria’s ongoing banking reforms.

In a joint statement, the two banks expressed appreciation to the Central Bank of Nigeria (CBN) for backing the transaction, describing it as a critical step in strengthening the financial system.

Source:

https://nairametrics.com/2025/09/26/providus-bank-unity-bank-receive-shareholder-approval-for-merger/