Bank’s
16 Oct 2023
Experts have stressed the need for banks to accelerate investment in technology and step up innovations to enhance cost efficiency. The experts spoke at the official launch of Proshare Impact Report on Nigeria’s banking sector titled: ‘Reassessing Tier 1 Banks – the Class of 2023,’ in Lagos at the weekend. They maintained that for banks…
16 Oct 2023
Telecommunications operators have not foreclosed legal action in compelling Deposit Money Banks (DMBs) to pay the lingering N120 billion Unstructured Supplementary Service Data (USSD) debt owed them. The impasse, which has lasted for about four years, is brewing a rift between the telecoms sector and financial industry. Speaking with journalists in Lagos at the weekend,…
10 Oct 2023
• Sterling Bank, UBA, Accesscorp gain 150%, 126%, 93% respectively • Operators see robust final dividend payout in full year The Nigerian Exchange Limited (NGX) banking index appreciated by 61.9 per cent in nine months (Year-To -Date), surpassing the overall All-share index that measures the performance of listed firms, data from the exchange has revealed.…
19 Jul 2023
Rising cases of cybercrime in the banking industry is becoming a big headache to bankers, customers and law enforcement agencies in the country. With so many people highly skilled in hacking techniques desperate for quick wealth, cybercrime may soon be the biggest danger to banks and their customers. As we all know, cybercrime is a criminal activity that either targets or uses a computer or a computer network.
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17 mins ago
The National Examinations Council (NECO) has re-scheduled the 2024 National Common Entrance Examination into Federal Unity Colleges and the entrance examination into Federal Government Academy, Suleja. This is contained in a statement made available to newsmen in Abuja on Tuesday by Azeez Sani, acting Director, Information and Digital Communication, of the council. Sani stated that…
34 mins ago
An 88-year-old man from the French island of Reunion was sentenced on Monday to 20 years in prison for killing his ill wife and her in-house carer, a judicial source said Tuesday. The accused, a retired teacher, said that he had acted out of compassion because his 78-year-old spouse suffered from Alzheimer's disease. The double…
37 mins ago
Manchester United have spoken to Alejandro Garnacho after the winger liked social media posts criticising manager Erik ten Hag over his handling of the player. The Argentina international, taken off at half-time in their 2-2 draw at Bournemouth on Saturday, liked two messages on X, by United fan and YouTuber Mark Goldbridge. One post accused…
52 mins ago
The Federal Government said it is planning to reduce the cost of tax expenditure and ensure tax incentives aimed at impacting the economy positively. The Ministry of Finance made this known on Monday in a statement by spokesperson, Mohammed Manga. Manga said to achieve this, the Minister of Finance and Coordinating Minister of the Economy,…
1 hour ago
Meta's oversight board said Tuesday it is scrutinising the social media titan's deepfake porn policies, through the lens of two cases. The move by what is referred to as a meta "supreme court" for content moderation disputes comes just months after the widespread sharing of lewd AI-generated images of megastar Taylor Swift on X, formerly…
1 hour ago
The Federal Government has concluded the allocation for the first batch of completed houses across the 36 states of Nigeria. Salisu Haiba, spokesperson for the Permanent Secretary of the Ministry of Housing and Urban Development, Dr. Marcus Ogunbiyi disclosed this in a statement. Ogunbiyi said the first batch of the allocation process for successful applicants…
1 hour ago
The Air component of Operation Hadarin Kai (OPHK) has executed a precision airstrike on the hideouts of ISWAP terrorists nestled within Kolleram village along the shores of Lake Chad. The operation, conducted on April 13, 2024, reportedly yielded significant success as the Battle Damage Assessment (BDA) post-strike conducted revealed the neutralization of over 30 terrorists.…
1 hour ago
A lecturer at the Federal College of Education (Special), Oyo, in Oyo State, Alabi Ogundeji, has explained why he took part in the invasion of the Oyo State Government Secretariat last Saturday. Ogundeji was part of the 21 Yoruba Nation agitators paraded on Monday by the Oyo State Commissioner, Hamzat Adebola. He, alongside other agitators…
2 hours ago
The body of a fourth construction worker who died after a bridge collapsed when it was struck by a container ship in the US city of Baltimore last month has been recovered, officials said Monday. The Francis Scott Key Bridge, a major transit route into the busy city and port of Baltimore, collapsed on March…
2 hours ago
The UK parliament will on Tuesday kick off its first debate on Prime Minister Rishi Sunak's planned legislation to prevent young people from ever smoking, despite opposition from many in his own Conservative Party. The law would ban the selling of tobacco products to anyone born after January 1, 2009 –- effectively raising the smoking…