Providus Bank

March 20, (THEWILL) — Providus Bank has successfully met the Central Bank of Nigeria’s recapitalisation benchmark, confirming a new capital base of ₦65 billion, the lender announced on Thursday. The move aligns Providus Bank with the apex bank’s regulatory...

February 22, (THEWILL) — Following the recently held Court-Ordered Meeting and subsequent overwhelming endorsement, the merger and business combination between Unity Bank Plc and Providus Bank Limited remains firmly on course. Analysts appraising the ongoing recapitalisation programme believe that the...

September 26, (THEWILL) — Shareholders of Providus Bank and Unity Bank on Friday unanimously approved the proposed business combination of the two financial institutions at a court-ordered Extraordinary General Meeting (EGM). The endorsement by both banks’ boards and shareholders...

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...

August 06, (THEWILL) – The Central Bank of Nigeria (CBN) has granted approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and Providus Bank Limited. A statement by the CBN Acting Director, Corporate Communications,...

January 09, (THEWILL) - The Group Managing Directors (GMDs) of Zenith, Providus and Jaiz banks, on Tuesday, honoured the invitation by the Economic and Financial Crimes Commission (EFCC), to hand over documents relating to accounts operated by the...

November 15, (THEWILL) - Retail lender, Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4 billion within the period, an indication of...