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Business & Economy
EFCC arrests Access Bank staff for alleged ₦34m fraud
The Economic and Financial Crimes Commission (EFCC) has arrested a Lagos banker, Elizabeth Modupe Osunjuyigbe for an alleged fraudulent diversion of funds to the tune of over ₦34m
In a statement issued on Friday by EFCC spokesman,…
NNPC broke, states won’t pay workers’ salaries —Dino Melaye
…as subsidy gulps NNPC’s revenue
Chidi Ogbuokiri
A former senator representing Kogi West, Senator Dino Melaye has alerted Nigerians that the failure of the management of the Nigerian National Petroleum Corporation to remit to the…
First Bank of Nigeria crisis gets messier as CBN reverses new MD’s appointment
...Fingers board chair, Otudeko in crisis…Depositors' fund in danger
Chidi Ogbuokiri
The crisis that engulfed the First Bank of Nigeria Thursday evening got messier as Central Bank of Nigeria (CBN) announced the cancellation of…
ICT bailed Nigeria out of COVID-19 induced recession —Abdullahi
…NITDA has touched over 2.5m lives
Chidi Ogbuokiri
As the National Information Technology Development Agency (NITDA) celebrates its 20 years of service to the country, Director General of the agency, Kashifu Inuwa Abdullahi said…
First Bank of Nigeria in trouble over new MD
...CBN queries lender, says appointment not approved
Chidi Ogbuokiri
Recent appointment of Gbenga Shobo as the new managing director of FirstBank of Nigeria Limited has triggered controversy.
Mr. Shobo was announced Wednesday…
BREAKING: First Bank appoints Gbenga Shobo as MD/CEO designate, Abdullahi Ibrahim as DMD
The board of First Bank of Nigeria Limited on Wednesday, approved the appointment of Mr. Gbenga Shobo, currently Managing Deputy, as the Managing Director/CEO Designate of the bank. The lender has also appointed Mr. Abdullahi Ibrahim, as…
CBN Governor under pressure to sack MD Zenith Bank
Chidi Ogbuokiri
The last may not have been heard about the crisis rocking Zenith Bank Plc following the appointment of Ebenezer Nduka Onyeagwu as the bank’s Managing Director/Chief Executive Officer.
Fresh information reaching…
Dangote acquires 400 trucks from ANAMMCO plant in Enugu
The Dangote Group has purchased 400 Shacman trucks assembled at the Anambra Motor Manufacturing Company (ANAMMCO) plant in Enugu state.
In a statement on its website, Shacman Nigeria said Dangote Group has bought over 3,500 vehicles…
Unity Bank posts assets growth of 67.90% to N492.02bn, as gross earnings hit N42.71bn in FY 2020
Unity Bank Plc grew its assets base to N492.02billion representing a significant increase of 67.90% from the N293.05 billion of total assets value recorded in 2019. This is even as the agric-focused lender declared gross earnings of N42.71…
Unity Bank continues to operate on improved key performance indicator
Our attention has been drawn to some online reports on purported action of the board of Unity Bank on the performance of the Bank.
The Bank has a cohesive board that is working harmoniously with the Executive Management team led by Mrs.…