CBN approves Unity, Providus banks’ merger

The Central Bank of Nigeria has granted approval for the proposed merger between Unity Bank Plc and Providus Bank Limited. CBN’s spokesperson, Sidi Ali Hakama, disclosed this in a statement on Tuesday evening. READ ALSO:EXPLAINER! Fitch Ratings: Is Dangote Industries going bankrupt? Hakama said this strategic move is designed to bolster the stability of…

She added that the CBN’s action is in accordance with the provisions of Section 42 of the CBN Act, 2007. The Central Bank of Nigeria has granted approval for the proposed merger between Unity Bank Plc and Providus Bank Limited. CBN’s spokesperson, Sidi Ali Hakama, disclosed this in a statement on Tuesday evening. READ ALSO:EXPLAINER! Fitch Ratings: Is Dangote Industries going bankrupt? Hakama said this strategic move is designed to bolster the stability of…

•Bitcoin falls below $50,00 amid crpto bloodbath The emerging global turmoil manifesting in risky asset sell-off is causing jitters across emerging markets, including Nigeria, where banks are bracing up to raise about N4 trillion in the next two years to increase their minimum paid-up capital. The week opened with a bloodbath across regions and asset…The generation born between 1997 and 2012 has fully come into adulthood with a lot of potential in the workplace.

•Asks Tinubu to appoint substantive petroleum minister A professor of petroleum economics at LSU Centre for Energy Studies, the United States, Omowumi Iledare; Chairman of International Energy Services Ltd, Dr Diran Fawibe; Chairman of Julius Berger Nigeria Plc, Mutiu Sunmonu and Managing Director of International Energy Services Limited , Bayo Ige, have highlighted the reasons…

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

CBN approves Unity Bank, Providus Bank mergerThe Latest news in Nigeria and world news. The Guardian Nigeria Newspaper brings you the latest headlines, opinions, political news, business reports and international news.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

CBN approves financial accommodation for Unity, Providus banks mergerThe Central Bank of Nigeria, CBN, has approved a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. Hakama Sidi Ali, CBN’s acting Director of Corporate Communications, disclosed this in a statement on Tuesday.
Source: DailyPostNGR - 🏆 11. / 59 Read more »

JUST IN: CBN approves bailout for merger of Unity, Providus banksThe Central Bank of Nigeria (CBN) says it will offer financial support to aid the merger between Unity Bank Plc and Providus Bank Limited.
Source: thecableng - 🏆 2. / 80 Read more »

CBN approves Unity, Providus banks’ mergerThe CBN said the intervention aims to strengthen Nigeria’s financial system and prevent potential systemic risks.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

NGX suspends Unity Bank, NPF Microfinance Bank, six other companies sharesThe Nigerian Exchange group has suspended shares trading of Unity Bank, Nigerian Police Force Microfinance Bank, and six other companies that defaulted in filing their relevant accounts for 2023. NGX Regulation, the regulatory arm of the market, disclosed this in a bulletin on Monday, by its head, Godstime Iwenekhai.
Source: DailyPostNGR - 🏆 11. / 59 Read more »