CBN denies report to nationalize Unity Bank The Central Bank of Nigeria (CBN) has denied media reports of plans to nationalise Unity Bank Plc. The Acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, in his reaction described it as, “fake news” and should be discarded in...

Foreign Reserves Depreciated By $790m       Nigeria’s foreign exchange reserves have depreciated by $790 million despite the rise in crude oil prices. The foreign reserves stood at $34.43 billion as at May 17 data from the Central Bank of Nigeria (CBN) website showed. Managing Director, Financial Derivatives Company...