Business

FBN Holdings Plc, on Friday, denied claims by online media that the Nigerian business mogul, Femi Otedola has acquired majority stake in the bank. In a statement signed by the company secretary, Seye Kosoko obtained from Nigerian Exchange Limited (NGX), the bank is yet to receive any notification from the individual mentioned on such acquisition. FBN Holdings insisted it operates ...

The Managing Director of Unity Bank Plc, Mrs. Tomi Somefun has called for increased investment in girl-child education in Nigeria to bridge the gender gap and reduce inequality. Somefun who made the remark in her message on this year’s International Women’s Day said every effort to reduce inequality must be rooted in the education of the girl- child, adding that ...

A Lagos Special Offences Court, Ikeja has issued a bench warrant against the Chairman of Amni Petroleum Limited, who is to testify as a defence witness in a criminal case involving an ex-banker, Chukwuemeka Ekwunife, accused of N168.5m theft. Ekwunife, who is currently standing trial, was arraigned by the Economic and Financial Crimes Commission, EFCC, for allegedly stealing the sum of ...

A former banker with First City Monument Bank (FCMB) Seun Awosanya and an auto spare parts dealer, Amechi Osita, were today, re-arraigned before a Lagos Federal High Court, by the Police’s Special Fraud Unit (PSFU), on charges bordering on fraud and stealing of the sum of N66, 450, 000 million. The former banker with FCMB and the spare parts dealers’ ...

On October 4, 2021, one of the fastest growing financial service providers in Nigeria, Titan Trust Bank Limited, celebrated two years of its existence. Established with a mission to take advantage of the identified gaps in the banking sector and address the unmet needs of the retail mass market, SMEs and corporates, Titan Trust Bank, has continued to provide seamless ...

A prolonged legal tussle has quietly put asunder, the marriage of mutual benefits between two financial institutions in Nigeria, Polaris Bank, and VEP Equity Limited.   The union between the duo gave birth to two different loan facilities granted through a Skye Bank offer letter on July, 25th, 2006 to VEP Equity Limited. The loan totaling N500, 000, 000, 00 ...

In its drive to boost financial literacy among students in primary and secondary schools across the nation, Nigerian lender, Unity Bank Plc has flagged off Season 2 of its pioneer educational gameplay, the One Minute Genius, OMG. The OMG 2.0 game play, which kicked off in May 3, 2021, on the Unity Bank’s Website www.omg.unitybankng.com) is an expanded version of ...

The management of the Innocent C. Ike-led Polaris Bank Plc is still trying to recover from the embarrassment caused by one of its employees working at its Computer Village, Ikeja, Lagos Branch, after he stole a whopping N20 million from a customer within seven days. While the dust raised by the theft is still trying to settle, the bank has ...

First Bank of Nigeria Limited has announced its sponsorship of ‘A Deep Dive Into History’, a theatre production from the Duke of Shomolu (DOS) Production House, spearheaded by Joseph Edgar. A deep dive into history comprises two exciting stage plays – Aremu and Awo, showing from the 22nd of August and will run every Sunday till the 12th of September ...

Titan Trust Bank Limited on Thursday, announced the opening of its state-of-the-art branch located at 17, Burma Road, Apapa, Lagos for commercial operations. A statement by the lender said the development is in furtherance of its efforts to offer customers endearing experience. The lender further noted that the new branch provides a full suite of banking products and services for ...