Business

Wema Bank Plc, one of Nigeria’s struggling financial institutions is in the news again for the wrong reasons as some customers of the bank have accused the lender of conducting illegal banking practice in the country.   They said they discovered that the bank and its agents had allegedly been opening unauthorised accounts for customers with information or data in ...

…Businesswomen Drags Bank To Court, Demand N10million Damages   Three businesswomen and customers of Polaris Bank have dragged the bank before a Surulere Magistrate Court in Lagos over alleged unjustifiable freezing of their domiciliary and Naira accounts with the bank and subsequent illegal deductions on the said accounts amounting to about $30,769 (USD).    The applicants – Mrs. Adebomi Orogun, ...

First City Monument Bank, FCMB, is in the news again for the wrong reason . This time, Adebayo Ayokunle a former staff of the bank was arrested and charged before a Lagos Magistrate’s Court for allegedly withdrawing the sum of N30million from his employer’s account and converted it to his use just one year after he secured the job and ...

Ministry of Communication and Digital Economy Prof. Isa Ali Ibrahim (Pantami) has requested technology company, Huawei, to establish a global ICT centre for the training of Nigerians and Africans. He made the request during the kick off of the implementation of the Federal Government and Huawei Memorandum of Understanding aimed at providing ICT skills to Nigerian youths yesterday in Abuja. ...

Acquisition strengthens Gupshup’s AI-powered conversational solutions for Ecommerce, Retail and Consumer Goods industries San Francisco / Mumbai, April 20, 2022: Gupshup, a global leader in conversational engagement, announced today the acquisition of AskSid, a leading Conversational AI provider to top ecommerce and retail companies around the world. AskSid’s full-stack AI solution including the Retail AI brain, strengthens Gupshup’s customer experience ...

In 2020, I was invited to a round table conversation on the Canada’s Anti-Spam Legislation (CASL) which specifically protects consumers from spams and other digital threats to privacy. At the event, I argued that while Nigeria does not have a dedicated anti-spam legislation, section 37 of the Nigerian 1999 Constitution is wide enough to take care of such business malpractice ...

Acquisition Brings Advanced, AI powered Omnichannel Conversational Engagement Solutions to BFSI Organizations.   Gupshup, a global leader in conversational engagement, announced today the acquisition of Active.Ai, the leading Conversational AI platform used by banks and Fintech firms. The acquisition strengthens Gupshup’s customer experience (CX) solutions for BFSI customers.   Headquartered in Singapore, Active.Ai serves BFSI customers across 43 countries with ...

……Proposes dividend of 35 kobo Per Share   Lagos, Nigeria, April 1, 2022: Leading financial institution, Fidelity Bank Plc has recorded 35.7% growth in Profit Before Tax for its 2021 financial year to close the year at N38.1bn according to the bank’s recently issued financial result.   Analysis of the results indicates that the bank grew Gross Earnings by 21.6% ...

Regional Operations & Service Supervisor (ROSS) – South-West 2, Fidelity Bank Plc, Ayoola Alabi (3rd from Right) presenting a gift to the Proprietor, Bestline Distinct College, Ado-Ekiti Pastor Omodara David (3rd from left) and his Wife, Margaret Omodara as Programs Officer, Junior Achievement Nigeria, Chiamaka Nwokenna (1st left); Team Lead, Corporate Social Responsibility (CSR), Fidelity Bank Plc, Victoria Abuka (2nd ...

A Branch Manager with First City Monument Bank, FCMB, Ikeja Branch, Mr. Tope Munis was docked by a Lagos State High Court for allegedly aiding N1.2billion fraud, property of Star Orient Nigeria Limited. The defendant was arraigned on 15 count amended charge alongside Dare Osamo and Ayoola Oloore Bisola who had earlier been arraigned over the alleged fraud before Justice ...