Business

Titan Trust Bank Limited (TTB), one of the three newest entrants into the Nigerian banking industry, has announced a whopping 4 percent interest reward for customers who save up to $20,000 in their domiciliary accounts. According to the bank, every customer who is able to save up to the said amount between 90 to 120 days will get the interest ...

The treasury of one of the new generation banks, Polaris Bank has been emptied to the tune of N2,788,000,000.00 (Two Billion, Seven Hundred and Eighty-Eight Million Naira) by alleged cyber criminals otherwise known as ‘Yahoo boys’. The trio of Osuji Victor ‘m’, Yahaya Suleiman ‘m’, Dahiru Garba ‘m’ and Oloko Kolawole ‘m’ and others at large between 30th November, 2018 ...

The association, in a meeting with the officials of the bank on Wednesday, stated that its members will not bear the cost of demurrage incurred while pressing it in that they are not ready to let go of the losses. We heard that the Association of Nigerian Licensed Customs Agents (ANLCA) has requested the payment of over N200 billion in ...

To provide training on accessing foreign markets to participants Towards developing the capacity of entrepreneurs in the fashion industry and diversifying Nigeria’s foreign exchange earning capacity, leading financial institution, Fidelity Bank Plc, has announced its sponsorship of the Anambra Fashion Expo 2022. According to a statement on the organiser’s website https://anambrafashionexpo.com/ , the event is scheduled to hold at the ...

Central Bank Governor, Emefiele, Afreximbank President, Oramah, Others Under EFCC, NFIU Investigations Over $300million Paid To Acquire Union Bank On June 6 2022, Afreximbank announced that it had disbursed the sum of $300 million to help complement the total amount needed by Titan Trust Bank to finalise the acquisition of Union Bank. The Central Bank of Nigeria Governor, Godwin Emefiele; ...

…the N2Billion Crisis Between Innoson Motors and GTBank   …How Segun Agbaje Alledged Refuses to let go of the Bank Affairs   …Many Fraud activities within the Bank Reveals   Guaranty Trust Holding Company Plc formerly known as Guaranty Trust Bank is synonymous to fraud according to information gathered.   For many years, the bank has been the news indicted ...

Customers of Guaranty Trust Bank are having difficulties in making electronic transactions following what the banks have described… Customers are groaning over Guaranty Trust Bank downtime on E-Transactions. We reports that the customers of Guaranty Trust Bank are having difficulties in making electronic transactions following what the bank has described as “network failure.” It has been observed that for over ...

Leading financial institution, Fidelity Bank Plc, has intimated the public of its proposed acquisition of Union Bank UK as part of its expansion plans.   In a regulatory filing issued on the Nigeria Exchange (NGX) on Tuesday, 30 August 2022, the bank stated that it has entered into a binding agreement for the acquisition of 100% equity stake in Union ...

In a suit marked EHC/216/2015, Agro Allied Development Enterprises, the claimant had sued Joma Frozen Food Limited, 1st defendant; Sterling Bank Plc, 2nd defendant and Godwin Obali Nwekoyo, 3rd defendant, following an alleged illegal sealing of its business premises by the defendants. AHigh Court sitting in Effurun, Uvwie Local Government Area of Delta State has slammed Sterling Bank PLC and ...

A customer of First City Monument Bank (FCMB), George Braide, who also own an account with the bank at the Aba Road by GRA branch of the bank in Port Harcourt, Rivers State Port Harcourt is asking the bank to refund his N7 million which was taken from his account digitally within three days. The customer of the bank, who ...