₦203 billion bad loans: Unity Bank’s crisis deepened amid Providus merger, job cuts
Unity Bank reported ₦203 billion in impaired loans for 2023. The bank laid off 27 employees, including 4 senior management staff.
After hints at an acquisition, CBN approves Providus Bank and Unity Bank merger
Central Bank of Nigeria (CBN) approves merger between Providus Bank and Unity Bank. Providus Bank previously made moves to acquire a majority stake in Unity Bank.
