Supreme Court of Nigeria delivered a landmark ruling on the merger between Unity Bank Plc and Providus Bank Limited.
By dismissing the final appeal challenging the consolidation, the apex court has dissolved the board of Unity Bank, cleared all legal obstacles, and formally sanctioned the creation of the enlarged entity,.
The apex court decision ends the legal dispute that had delayed the merger process.
The merger is expected to create a stronger and larger bank in Nigeria’s banking sector.
The shareholders of both banks had already approved the merger during a court-ordered Extraordinary General Meeting (EGM) held in September 2025.
The Central Bank of Nigeria (CBN) had also given its approval before now.
With the Supreme Court’s approval, the merger process can now be completed.
