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CBN Approves Merger Of Unity, Providus Banks

CBN Approves Merger Of Unity, Providus Banks The Central Bank of Nigeria (CBN) on Tuesday announced the approval for a pivotal financial accommodation to support the proposed merger between Unity Bank Plc and the Providus Bank Limited. The apex bank, in a statement by its acting...

Flour Mills, Others Push Stock Market Higher

Flour Mills, Others Push Stock Market Higher The nation’s stock market on Monday witnessed a rebound as investors gained N7bn on the back of price appreciation recorded in Flour Mills of Nigeria Plc, Unity Bank Plc and 15 other stocks. The market, which recorded losses totalling...

Cadbury, Niger Insurance, Unity Bank Top Losers As 36 Stocks Slide

Cadbury, Niger Insurance, Unity Bank Top Losers As 36 Stocks Slide     The Nigerian equities market started the week in a loss after 36 stocks trended southwards. Cadbury Nigeria Plc, Niger Insurance Company Plc and Unity Bank Plc emerged as the worst-performing stocks, shedding 9.6 per cent,...

Unity Bank Sacks 215, Hires 200 in Fresh Restructuring

The management of Unity Bank Plc has sacked 215 staff, just as they also engaged additional 200 fresh staff in a fresh restructuring, sources said. Most of those sacked were branch managers and senior staff, sources close to the Daily Trust have disclosed. The human capital...

TUC To Acquire 57% Stake In Unity Bank

The Trade Union Congress (TUC) is to acquire 57 percent stake in the Unity Bank. This is to ensure the welfare of its members and to reposition the union, its President, Bobboi Bala Kaigama has said. Kaigama disclosed this in his welcome address at the...

Unity Bank Takes Financial Inclusion To Supreme Foundation

To commemorate the 2016 Financial Literacy Week held last week, Unity Bank Plc, took its financial literacy campaign to Supreme Model Foundation, Lagos. The financial literacy week is observed annually under the Global Money week and it is recognized as part of efforts to...