Unity, Providus Merger Propels Capital Above ₦200B Ahead of CBN Deadline

Unity Bank has confirmed that its CBN-approved merger with Providus Bank is on track. It also dispels earlier reports of unmet recapitalisation targets. The combined entity now exceeds the ₦200 billion capital requirement. Its strengthened Tier-1 capital positions the new bank for greater stability. Final court approval is expected soon. Regulators including the Central Bank of Nigeria and the Securities and Exchange Commission have backed the deal. Unity Bank reassures stakeholders of full compliance, transparency and a smooth integration process.

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