Category Archives: BUSINESS
Court Jails Fidelity Bank MD, Onyeali-Ikpe, Bank’s Secretary.. (CTC Documents Attached
A Chief Magistrate Court at Ogba, Lagos on Monday morning sentenced the Managing Director of Fidelity Bank, Nneka Chinwe Onyeali-Ikpe to six weeks imprisonment over disobedience of a garnishee order of court restraining the bank from allowing a judgment debtor
FCMB Joins Saboteurs As Manager Prevents ATM from Dispensing New Naira Notes
ICPC Compliance Team in Oshogbo busted an FCMB in Osogbo, Osun State where some ATMs were loaded with cash with their wrappers un-removed, thus preventing the cash from being dispensed. The Team, therefore, directed that the wrappers be removed, and
Naira Scarcity: ICPC Arrests Stanbic IBTC Bank Manager Over Sabotage
The Independent Corrupt Practices and other related offences Commission (ICPC), has arrested an official of Stanbic IBTC Bank in Abuja for alleged sabotage. The ICPC spokesperson, Azuka Ogugua, said the development was in continuation of ICPC’s clampdown on elements frustrating
Customers Fight Inside Fidelity Bank As Naira Notes Scarcity Bites Harder
Scarcity of naira notes has made Nigerians resort to fighting dirty even in banking halls just to show how frustrated they are. Some days back, it was reported that a woman stripped herself so she could get money in bank
Fidelity Bank Apologises to Customers Over Service Downtime
Despite efforts by the Securities and Exchange Commission (SEC) to reduce the value of unclaimed dividends in the Nigerian capital market, the amount keeps swelling every year. A report by Daily Trust said in the first nine months of 2022,
UNION BANK OF FRAUD! MANAGEMENT KEEPS MUM
Economic and Financial Crimes Commission (EFCC) on Monday arraigned a former employee of Union Bank, Abdulmalik Salau, and two others for cybercrime and money laundering involving about N1.403 billion. The other accused persons are Ismaila Atumeyi and Ngene Dominic. EFCC announced
Giving.NG Partners Shoprite Nigeria on 40 Days of Giving Campaign
Giving.NG is partnering with Shoprite Nigeria on “40 Days of Giving” campaign, aimed at inspiring people and organizations to spread kindness and treat it as an everyday thing, rather than a seasonal activity. Giving.NG, Africa’s first and only free crowdfunding
Union Bank Unveils Brand New Sonic Identity – The Sound of Union
Union Bank of Nigeria has launched a brand-new sonic identity tagged ‘The Sound of Union. At 105 years, the Bank is now leveraging the universality of music to engage with new and existing audiences through this unique sound identity. The
MSME Bank of the Year Award: Customers Laud Polaris Bank
Polaris Bank has been commended by a cross section of customers for emerging the ‘MSME Bank of the Year 2022’ by the BusinessDay’s Banks and Other Financial Institutions (BAFI) Awards. The award is coming on the heels of the Bank’s
NSMP: Dangote Sugar Upscales its $700m Investment; Increases Sugar Plantation By 179% to 24,200 Hectares
President of the Dangote Group, Aliko Dangote has announced that the Dangote Sugar Refinery (DSR) Plc is significantly scaling up its investment in the sugar sub-sector in line with the requirement of the Nigeria Sugar Master Plan (NSMP). Speaking at
