Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,196,100 members, 7,960,526 topics. Date: Saturday, 28 September 2024 at 12:27 AM

CBN Approves Unity Bank, Providus Bank Merger - Business (2) - Nairaland

Nairaland Forum / Nairaland / General / Business / CBN Approves Unity Bank, Providus Bank Merger (21783 Views)

CBN Approves cNGN "Stablecoin" For February Launch / Providus Bank Deactivates PiggyVest & Monnify Virtual Account Numbers / Court Sanctions Access Bank, Diamond Bank Merger (2) (3) (4)

(1) (2) (3) (4) (Reply) (Go Down)

Re: CBN Approves Unity Bank, Providus Bank Merger by Truvelisback(m): 10:09pm On Aug 06
princebabados:
Oga don't say what u don't know, it's actually the other way round.

Oh! I think Providus swallowed Unity.

2 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by Zishot(m): 10:11pm On Aug 06
HeadNigga:
The merger may still not save the two banks...the best merger in the banking sector ever was diamond/access...two heavyweights



UBA and Standard trust bank nkor?

2 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by Basicend: 10:13pm On Aug 06
lsoul:
So CBN can approve merger for unity bank but played politics on heritage Bank. Funny country.witch hunting never ends

Remember what Sanusi did with Intercontinental Bank. . How small ant (Access Bank) swallowed it.

All these CBN Chiefs, they take it personal and settle old scores often, when they get there.

4 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by NewDea4: 10:17pm On Aug 06
Islie:


https://saharareporters.com/2024/08/06/breaking-nigerias-central-bank-approves-unity-bank-providus-bank-merger#google_vignette

Basicend:


Remember what Sanusi did with Intercontinental Bank. . How small ant (Access Bank) swallowed it.

All these CBN Chiefs, they take it personal and settle old scores often, when they get there.



Unity Bank has been dead for more than fifteen years

Lol grin

2 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by NaijaCover(m): 10:18pm On Aug 06
Hmmmmmmmm
Re: CBN Approves Unity Bank, Providus Bank Merger by lsoul: 10:19pm On Aug 06
Basicend:


Remember what Sanusi did with Intercontinental Bank. . How small ant (Access Bank) swallowed it.

All these CBN Chiefs, they take it personal and settle old scores often, when they get there.

Sure , politics and current influence, determines who stays
Re: CBN Approves Unity Bank, Providus Bank Merger by NewDea4: 10:20pm On Aug 06
Basicend:


Remember what Sanusi did with Intercontinental Bank. . How small ant (Access Bank) swallowed it.

All these CBN Chiefs, they take it personal and settle old scores often, when they get there.


The only reason why Unity Bank was untouchable was because Obasanjo and Babangida were the chief promoters

3 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by OlujobaSamuel: 10:23pm On Aug 06
Fairview1:


Then you don't know how bank works. Opay and Moniepoint are only in the tiny area of banking and doesn't the kind of infrastructure needed to run serious banking.

Imagine saying JP Morgan Chase and Wells Fargo are useless simply because Interra and Mabray banks are the future. Laughable
As naira worse reach, those fintech no fit give facility of 1m, not to talk of consortium lending

5 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by Joezik(m): 10:26pm On Aug 06
mmadu4:
Opay and moniepoint is the future. all these banks are useless

U dey find trouble... Opay don prove demself to be more reliable than traditional banks

3 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by FreeStuffsNG: 10:28pm On Aug 06
Re: CBN Approves Unity Bank, Providus Bank Merger by blacknp(m): 10:28pm On Aug 06
Truvelisback:
Unity don swallow Providus.
Reverse is the case, Providus swallowed Unity , like Titan swallowed Union Bank.

Hungry small Piranha fish, some chop old lethargic whale.
Re: CBN Approves Unity Bank, Providus Bank Merger by Emeskhalifa(m): 10:38pm On Aug 06
Jogs1900:

Don’t say what you don’t know…Unity bank has one of the best network infrastructure amongst banks in the country…
Stop playing
Re: CBN Approves Unity Bank, Providus Bank Merger by Yankee101: 10:44pm On Aug 06
Unity bank has been surviving by the mercy of the north

3 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by Bantu10: 10:45pm On Aug 06
Joezik:


U dey find trouble... Opay don prove demself to be more reliable than traditional banks

The primary duty of a bank is lending. Opay and all these fintechs cannot give you loan exceeding 500k. They re not even Regarded as banks in the financial world

6 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by Jogs1900: 10:48pm On Aug 06
StraightGaay:
Lies, I dey use am, Unifi app is the worst thing to happen since APC happened.
Network infrastructure goes beyond mobile app.I use their unifi app and it works seamlessly.There’s no time you go to any of their branches and they will tell you they have network challenge unlike some banks which I will not mention,

1 Like

Re: CBN Approves Unity Bank, Providus Bank Merger by nairamaniac: 11:02pm On Aug 06
HeadNigga:
The merger may still not save the two banks...the best merger in the banking sector ever was diamond/access...two heavyweights
That was more of an aquazition than a merger.
Re: CBN Approves Unity Bank, Providus Bank Merger by APCNig: 11:03pm On Aug 06
HeadNigga:
The merger may still not save the two banks...the best merger in the banking sector ever was diamond/access...two heavyweights

This one no even know anything. So Diamond and Access are heavyweights to you
Re: CBN Approves Unity Bank, Providus Bank Merger by REALretep(m): 11:08pm On Aug 06
The name of the bank to be born from the merger shall be...

1 Like

Re: CBN Approves Unity Bank, Providus Bank Merger by Chetas81(m): 11:08pm On Aug 06
PheelzAlmighty:
Naija and failure🤝
5&6
Re: CBN Approves Unity Bank, Providus Bank Merger by nedekid: 11:16pm On Aug 06
Ejiakusmith:
If this providuse bank exist no body even know
Highest bank. Till today their card never stopped working online when others reduced it to $10 monthly before outrightly stopping.
With my platinum card, I fit make payments of up to $3k monthly direct from my naira aza. Ordinary atm card can do about $300.
My card de give me free access to executive lounge for mm2, mm1 etc.
Omo, the bank na the highest. Once I check in, streight to lounge for good time, chops, drink, tea, coffee all free.

4 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by kolexy(m): 11:24pm On Aug 06
AAAA67:
That's what is expected.
Don't know why Heritage bank couldn't be rescued.
Till now innocent depositors monies are still nowhere to be found.

CBN has been supporting Heritage Bank for years.
Re: CBN Approves Unity Bank, Providus Bank Merger by sharone21(f): 11:28pm On Aug 06
Providus bank is innovative and good enough annual fixed deposit rate ( more is better though...lol)...with Master card which works as both Naira and automatically converts to pay for things in dollars online. U operate account for 3 months to get this Classic card, but if U want it immediately, can deposit N100k..... Minimum balance anyday in this bank is N0....
About 8 yrs in existence and trying, owned by a Delta.

Hoping it will help boost Unity bank especially in terms of technology. Though don't know if Unity bank branches will help it spread more physically. Don't know why the North isn't pulling it's weight with it's Unity bank.

Banks we need to watch which are the future but are Microfinance banks or others are: Fair Money.....Renmoney...2 Competitors in the field.

Others: Palmpay.

These 3 are doing well.

4 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by sagitariusbaby(m): 11:29pm On Aug 06
Basicend:
Hmm. . so apparently, Providus were having liquidity issues and always fronting like one new GTBank-In-The-Making.

Never trust a bank regardless of it's aesthetics. This reminds me of Bank PHB. .
they are the one that acquired unity bank, not the other way round

1 Like

Re: CBN Approves Unity Bank, Providus Bank Merger by sagitariusbaby(m): 11:34pm On Aug 06
nedekid:

Highest bank. Till today their card never stopped working online when others reduced it to $10 monthly before outrightly stopping.
With my platinum card, I fit make payments of up to $3k monthly direct from my naira aza. Ordinary atm card can do about $300.
My card de give me free access to executive lounge for mm2, mm1 etc.
Omo, the bank na the highest. Once I check in, streight to lounge for good time, chops, drink, tea, coffee all free.
Are you for real?

1 Like

Re: CBN Approves Unity Bank, Providus Bank Merger by POV25: 11:44pm On Aug 06
This is a classic bailout.

1 Like

Re: CBN Approves Unity Bank, Providus Bank Merger by Iamthoney(m): 11:53pm On Aug 06
sagitariusbaby:
Are you for real?
Yes he is

1 Like

Re: CBN Approves Unity Bank, Providus Bank Merger by ASB717: 12:24am On Aug 07
Providus is sound ooo. Very liquid bank. Oil and gas money bank.
Truvelisback:
Unity don swallow Providus.

2 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by newoffer: 12:26am On Aug 07
As in how ?. Best kini...quote author=Jogs1900 post=131370096]
Don’t say what you don’t know…Unity bank has one of the best network infrastructure amongst banks in the country…[/quote]

1 Like

Re: CBN Approves Unity Bank, Providus Bank Merger by Basicend: 12:29am On Aug 07
nedekid:

Highest bank. Till today their card never stopped working online when others reduced it to $10 monthly before outrightly stopping.
With my platinum card, I fit make payments of up to $3k monthly direct from my naira aza. Ordinary atm card can do about $300.
My card de give me free access to executive lounge for mm2, mm1 etc.
Omo, the bank na the highest. Once I check in, streight to lounge for good time, chops, drink, tea, coffee all free.

If there is one bank I don't want to go down I Nigeria currently, it's Providus Bank.

What an innovative bank. . Their ATM card allows you to up to $1,000 / month in online payments. You can even extend it.

There a very good bank. I highly recommend, and hope they will keep flying.

3 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by nedekid: 12:35am On Aug 07
sagitariusbaby:
Are you for real?
For real oh.
I am expecting stuff I ordered from AliExpress sef. Regular shopping with the card. Regular naira card, not any dollar card. My son uses his card with PayPal NG, he receives and sends payment.

3 Likes

Re: CBN Approves Unity Bank, Providus Bank Merger by Alliswell248: 1:11am On Aug 07
Basicend:
Hmm. . so apparently, Providus were having liquidity issues and always fronting like one new GTBank-In-The-Making.

Never trust a bank regardless of it's aesthetics. This reminds me of Bank PHB. .
Stop spreading lies.
Do you at all understand what merger is?
The fact that two banks decide to merge does not mean that they are having money crisis.

They may not have the needed finances.

Providus bank is good, but they need to spread to other part of the country.

2 Likes

(1) (2) (3) (4) (Reply)

BDC Operators Import Dollars From Ghana, Benin Rep, Others / Naira To Strengthen As Travelex Begins Forex Distribution / I Find It Difficult To Spend Money

Viewing this topic: 2 guest(s)

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 30
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.