Abeokuta, Ogun State – Big things dey happen for Unity Bank Plc and Providus Bank Limited as shareholders don finally give their swagga for merger wey don long dey gist. Dem gather for Court-Ordered Meeting wey happen on Friday, September 26, 2025, for OOPL Hotel. E be like say na wetin dem dey plan since don finally get approval as 295 shareholders come gree to join head for this new financial powerhouse.
As dem gather there like fam, dem confirm say Unity Bank shareholders go collect N3.18 per share, or dem go fit collect 18 shares of 50 Kobo in Providus Bank for every 17 Unity shares dem hold. Na wah! If you no get financial calculator for hand, you fit just dey wonder how all dis computation dey sweet for their pockets like fresh palm wine.
Chairman of Unity Bank, Mr. Hafiz Mohammed Bashir spear dem gree say di new name wey go reign after di merger go be Providus-Unity Bank (PUB). He say dis merger go loud well well as dem go fit deliver long-term value to customers, shareholders, and even di Nigerian economy. (E be like say dis kind merger na wetin everybody dey find to flex with for bank sector).
During di vibe session, dem tallied di voting pattern, and you gatz hear dis: 293 shareholders, wey represent 99.32% of di wahala (N4.4 billion in value), voted sweet approval, while just two sabi people waka comot. Na serious voting wey show say people dey believe for dis merger wahala as di game dey change.
Many pipo dey talk say di merger go help bring forth financial strength, and dem go fit take on any competition wey show face. Na serious market positioning dem dey aim at, especially with di rise of digital banking wey dey craze everywhere.
As we dey feel di wave of dis merger, we all sabi say Nigerian Exchange (NGX) don clear di way too. E release Unity Bank shares wey dem hold since September 15, 2025, make dem fit vibe with new shareholders, and as dem talk di market, na 4.004 billion units of AMCON shares cross hand during dis period.
For a country wey get more than 200 million people, this kind movement for financial sector go give hope say dem fit really change things around. E no go just be gist like before; na genuine opportunity to move forward wey dey here.
Na only time go tell wetin di future hold for dis new financial giant wey go be. But one thing wey clear be say, dis merger dey pose a serious chance to shake di banking sector for Naija, and all eyes go dey on dem as dem move towards dis new chapter.
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