CBN Debunks Report on Planned Nationalisation of Unity Bank

The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, the Acting Director, Corporate Communications Department, CBN, Osita Nwanisobi, described it as, “fake news” and should be discarded in its entirety He said: “The report […]

NYSC Members Win N10m Cash Prizes in Unity Bank Corpreneurship Challenge

No fewer than 30 winners have emerged in the fifth edition of Unity Bank Plc’s flagship business plan competition, Corpreneurship Challenge, which held across ten (10) states last week. The 30 winners who won cash prizes totalling N10 million emerged during the final business pitch in the fifth edition of […]

Unity Bank Partners RIFAN on Ekiti Pyramids Project

Having sponsored no fewer than 900,000 smallholder farmers in rice production across the federation to benefit from CBN’S intervention fund under the Anchor Borrowers Programme, Unity Bank Plc has partnered the launching of Ekiti Rice Pyramid Project in South West Nigeria held recently. The launch is a follow-up to the […]

Unity Bank Sustains Momentum, as Profits Rise by 43% in Q1/2021

Nigeria’s foremost agric lender, Unity Bank Plc has sustained the growth momentum demonstrated in its 2020 full year earnings as it recorded an impressive performance of 43% in both profit before and after tax in Q1-2021. In the Bank’s unaudited Q1-2021 results submitted to the Nigerian Stock Exchange on Friday, […]

Unity Bank In Trouble For Exposing Personal Data Of Over 53,000 Job Seekers

Troubled Unity Bank Plc is in the news again for the wrong reason. Recall that Instant News Naija previously reported that the National Industrial Court of Nigeria, recently commenced committal proceedings against the bank’s managing director/chief executive officer, Oluwatomi Somefun to commit her to prison for flouting orders made by […]

Prison Looms For Unity Bank MD Tomi Somefun Over Contempt of Court


The National Industrial Court of Nigeria (NICN), has been asked to commence committal proceedings against the Managing Director/Chief Executive Officer (CEO) of Unity Bank Plc, Mrs. Oluwatomi Somefun, and commit her to prison for allegedly flouting orders made by the court.The request formed the relief in a motion filed by […]