Category Archives: BUSINESS

Nigeria Now On Growth Trajectory, Says Jim Ovia

The Chairman of Zenith Bank Plc, Mr. Jim Ovia (CON) has lauded the federal government’s economic team for pulling the economy out of economic recession, acknowledging that the country’s economic outlook shows that it is now on a growth trajectory. Giving

Cashless Yuletide: First Bank Disappoints Customers As Frustration, Anguish Cloud Celebration

Millions of Nigerians were left stranded and frustrated during the yuletide celebrations when Automated Teller Machines, ATMs owned by First Bank across the country dispensed less cash in some cases and failed to dispense cash in some other instances. Many

Union Bank Claims Ownership of N1 Billion Recovered by EFCC At Enugu Airport

One of Nigeria’s oldest financial institutions, Union Bank, on Friday night admitted ownership of a large consignment of cash which anti-graft operatives said they intercepted at the international airport in Enugu. The Economic and Financial Crimes Commission announced in a

Pay Without Card, A C’Gate Solution, Make Debut

CoralPay has deployed the first interoperable USSD and mobile payment platform to Nigerians desirous of a seamless and secure payment solution. The solution, which fulfills the mantra of being Africa’s Gold Standard for payments, allows for enhanced interoperability amongst stakeholders

Alleged Money Laundering: Court Admits Former Skye Bank Chairman, MD to N50m Bail

The Federal High Court, Abuja Monday admitted former Chairman of the Board of now defunct Skye Bank Plc, Dr Tunde Ayeni, and the Managing Director of the Bank, Timothy Oguntayo to bail in the sum of N50 million each. Both

EXCLUSIVE: Access Bank Acquires Diamond Bank

According to insiders, the official announcement of the transaction will be made in the course of the week by the Central Bank of Nigeria (CBN). The acquisition was midwifed by the CBN in a bid to further consolidate the banking

BREAKING! EFCC Arrests Surety As Fidelity Bank MD Allegedly Jumps Bail

The Economic and Financial Crimes Commission has taken into custody the surety of the managing director of Fidelity Bank Plc, Nnamdi Okonkwo, after the suspect jumped the administrative bail granted him by the commission. Chris Ezem, who stood as surety

Again, Sterling Bank Staffer Steals Customer’s N2.4million

One of Nigeria’s financial institutions, STERLING BANK PLC, is in the news again for the wrong reasons. This time, a customer of the Abubakar Suleiman-led Sterling Bank has again lost over N2.4 million to a fraudulent official of the bank. The

#WhatsYourStyle

It’s all about fashion, style and elegance. So in this Yuletide season, we’re asking #WhatsYourStyle. A Very Big Event Coming Soon!. Something big is coming soon. And it is all about style, everything about style. It will redefine style and

CEO Peter Amangbo Restates Zenith Bank’s Focus On Youth Development At Annual Christmas Parade

Chief Executive Officer and Managing Director of Zenith Bank on Sunday, December 9, 2018, restated the financial institutions focus on youths’ development. Amangbo spoke at the annual Zenith Christmas Youth Parade which held at Ajose Adeogun street victory island Lagos.