BY MOTOLANI OSENI The value of instant electronic transactions in Nigeria soared to an unprecedented N1.078 quadrillion in 2024, marking a 79.6 per cent increase from the N600.349 trillion recorded in 2023. This surge coincided with a sharp rise in active bank accounts, which grew to 311.649 million by the end of the year, according […]
An embattled staff of a popular microfinance bank(name withheld) in Ijebu-Ode has reportedly lost her niece after she was gruesomely murdered at about 3pm in their apartment at 12 Satina Street Ijebu-Ode following an attack by unknown gunmen on December 3rd 2024. The staff of the microfinance bank (names withheld) and her immediate family were […]
In April this year, the Central Bank of Nigeria (CBN) issued a fraud alert to the Nigerian public about the alarming rate of cybercrime activities in the country. Since the COVID-19 pandemic began, cybercriminals have been on the rampage, defrauding citizens, stealing sensitive information, and gaining unauthorised access to electronic gadgets by all means necessary […]
In a bid to support agricultural value chain in Nigeria, Keystone Bank has approved the sum of N734 million through the Central Bank of Nigeria (CBN) Commercial Agriculture Credit Scheme (CACS) Programme to the Nigerian Farmers Group and Cooperative Society (NFGCS). This is even as the Central Bank of Nigeria (CBN) through its Director of […]
Abuja – The Nigerian Export-Import Bank (NEXIM) on Wednesday received a new Chairman of the Board of Directors of the bank, Dr Kinsley Obiora. A statement issued by Mr Tayo Omidiji, Head, Strategy and Corporate Communications of NEXIM, said that Obiora replaced Dr Joseph Nnanna, who retired from NEXIM Board in February. Omidiji said with […]
A statement by the Public Relations Officer of the FCT Police Command, on Thursday said that Operatives of the Federal Capital Territory (FCT) Police Command Special Anti-Robbery Squad have arrested one Ernest Ewim, a 29-year-old, suspected to be the mastermind of the foiled bank robbery In Mpape area of Abuja. DSP Ajugunri Manzah in the […]
Saving money doesn’t need to be so difficult. According to Havard Business School scholar, Professor Peter Tufano, “The most interesting ideas—indeed the oldest—try to make savings a fun or satisfying experience.” However, the problem is that people do not make a habit of doing it; and that is why it appears difficult to save. The […]
A prosecution witness, Mr. John Ejim, on Tuesday, tendered several bank documents used by Slok Nigeria Limited, a company belonging to the former Abia State Governor, Dr. Orji Uzor Kalu, before a Federal High Court, Lagos. Dr. Kalu, his company, Slok Nigeria Limited and a former Commissioner of Finance, Udeh Jones Udeogu, are being tried […]
….As new policy reduces ghost workers, saves N20bn monthly President Muhammadu Buhari says Federal Government’s leveraging on Information and Communication Technology (ICT) and the enforcement of Bank Verification Number (BVN) has saved the nation of N24.7 billion monthly. The president disclosed this when he declared open the 2017 eNigeria Conference, organised by National Information Technology […]
Funding is the most critical component in growing any business, the entertainment business is no different. Entertainment entrepreneurs are the most disadvantaged of all Entrepreneurs in Nigeria because banks, Private Equity and Venture Capitalist Firms in Nigeria refuse to put their capital in the entertainment space. A huge majority of Entertainment Entrepreneurs in Nigeria turn […]
Sterling Bank Plc, your one-customer bank, has won the Best Bank in Support of Agriculture Award at the Business Day Banking Awards 2017 held at the weekend in Lagos. The award is in recognition of Sterling Bank’s peerless support to the entire value chain in the agriculture sector of the economy. The awards, organized by […]
Sunday Nwakanma – Umuahia The Federal government in partnership with Abia State Government and Bank of Industry, BoI Friday, disbursed a total of N380 million to 7000 beneficiaries in Abia State through the Government Enterprises & Empowerment Programme, GEEP. However, some beneficiaries were disappointed when they did not receive their own bank alert as others […]
Mr. Emeka Emuwa, Chief Executive Officer (CEO) of Union Bank, has been named ‘Bank CEO of the Year’ by Business Day at the 2017th edition of the ‘Business Day Awards,’ recently in Lagos. The award was presented at the annual banking awards ceremony by former President Olusegun Obasanjo, in recognition of Mr. Emuwa’s laudable contributions […]
There was pandemonium amongst traders of Warewa community, in the Obafemi Owode Local Government Area of Ogun State, after they were swindled of N2m by a wonder bank owner, identified as Ngozi Adline. Adline, who is from Imo State, operated under the name Link M Investment Limited. She had two employees, Oluwatoyin Adebayo and Esther […]
More winners have emerged from the ongoing Access Bank Family Fortune Promo as the Bank rewards 118 customers in the second monthly selection of winners. The event, which held at the Bank’s Alausa Branch in Ikeja, Lagos, produced 50 customers who won DSTV decoders, while another 30 got N50,000 worth of shopping vouchers. Also, 20 […]
Standard Bank launched two incubators on the 16 April 2015 with the aim to educate, create, empower and develop entrepreneurs. According to the company the new incubators are Standard Bank-owned brick-and-mortar facilities where entrepreneurs can test, develop, and deploy their innovations with personal guidance from the bank’s innovation and enterprise development partners. The company said […]
The Federal Government has announced that it has secured one billion dollar loan for a Micro, Small and Medium Enterprises (MSMEs) Wholesale Bank to aid the growth of the Small and Medium Enterprises sector. The loan is also expected to boost job creation and reduce poverty across the country. The proposed MSME Wholesale Bank is […]
The management of Empire Trust Microfinance Bank (ETMB) has announced that it has entered a partnership with Stanbic IBTC Bank to quicken service delivery to customers in all its branches nationwide. The Managing Director of ETMB, Mr. Seun Durojaiye, who made the disclosure to newsmen on Thursday in Lagos said that the partnership is geared […]
The Managing Director of the Bank of Industry (BoI), on Thursday, disclosed that disbursements of intervention funds and loans from the Bank to the nation’s real sector and other key sectors have hit N780 billion as at the end of 2014. Speaking at the yearly conference of the Nigerian Institute of Estate Surveyors and Valuers […]
Hers has been a long journey in the world of public relations, marketing and communications. Having cut her teeth in brand communication, it was only a matter of time before she became a big fish within the corporate and social world. Her job at Virgin Nigeria where her word was law, gave her this leeway. Unfortunately, […]