Category Archives: BUSINESS
GTB Debunks Hackers Seizing Website, Says Customers Data, Funds Safe With The Bank
Guaranty Trust Bank (GTB), Nigeria’s leading commercial bank, has denied reports that its website was seized by hackers. A top GTB executive, who spoke on condition of anonymity, made this disclosure. The clarification comes amid reports that the bank’s website
First Bank of Nigeria Accused of Sacking Over 100 Employees In Connection with a ₦40bn Fraud Scandal
According to X user WizardEyes, the bank also froze the personal accounts of the affected employees. Also read: Police say FirstBank staff stole customers’ N650m The user further claimed that several of these employees were detained for at least six
Zenith Bank Retains Position As Nigeria’s Number One Bank By Tier-1 Capital For Fifteen Consecutive Years In The 2024 Top 1000 World Banks’ Ranking
For the fifteenth consecutive year, Zenith Bank Plc has retained its position as the Number One Bank in Nigeria by Tier-1 Capital in the 2024 Top 1000 World Banks’ Rankings, published by The Banker Magazine. This ranking places Zenith Bank
Adaora Umeoji Highlights Zenith Bank’s Robust Financial Metrics: Says Bank Is Poised To Cross The N1 Trillion Mark In Profit In 2024
Zenith Bank Plc, Nigeria’s leading financial institution, held its Capital Markets Day last week to showcase the bank’s inherent values as it embarked on its recapitalisation journey. The event, which brought together key market players, focused on the bank’s growth
GTCO: NOTICE OF PROPOSED OFFERING
LAGOS, Nigeria, June 11, 2024. This notice is issued in reliance on Rule 283 of the Rules & Regulations of the Securities & Exchange Commission, Nigeria. This notice does not constitute an offer to sell or the solicitation of an
First Bank Directors Accuse EFCC Of Cover-Up In Petition Against Ex- MD, Adeduntan
Some directors of First Bank have accused the Economic and Financial Crimes Commission (EFCC) of failure to act on the petition they wrote against the immediate past Managing Director of the bank, Adesola Adeduntan. Adeduntan, whose tenure was to officially
CBN Revokes Heritage Bank Licence Over Financial Instability
The Central Bank of Nigeria (CBN) has revoked the banking licence of Heritage Bank Plc, citing the bank’s failure to improve its financial performance, which poses a threat to financial stability. The revocation, which takes immediate effect, was announced in
SunTrust Bank Faces Multi-Million Dollar Lawsuit Over Contract Dispute
An International Offshore Oilfield Support and Solutions company which operates in the Oil and Gas industry, maintains branches in Ghana,Cyprus, Guyana and Mauritius and works with international partners in Oil industry, CARACAL OIL & GAS SERVICES LIMITED has slammed $1,140,000
Aliko Dangote Foundation, WEF Announce 2024 Class of Dangote Fellows
Aliko Dangote Foundation (ADF), in conjunction with the World Economic Forum (WEF) and Forum of Young Global Leaders (YGL), has unveiled gifted and high calibre individuals for the esteemed 2024 class of the World Economic Forum Young Global
First Bank MD, Adeduntan Resigns Abruptly As Action Fuels Crisis Tale Rocking the Institution
The Managing Director and Chief Executive Officer (CEO) of First Bank Nigeria Limited, Dr. Adesola Adeduntan, has resigned from the bank abruptly to pursue other interests. Adeduntan’s ‘s tenure is supposed to expire on 31 December, 2024 but he could
