bank
27 Nov
ACTIVITIES of cyber criminals appear to be on the rise as hackers were able to steal about N53.4 billion from banks in nine months. FITC Fraud and Forgery reports for the first, second and third quarters of 2024 revealed this loss. According to FITC, while there was a minimal loss of N468.4 million in Q1,…
31 Oct
Minister of Finance and Coordinating Minister of the Economy, Wale Edun, on Thursday revealed a new government policy that would permit Nigerians who currently hold dollars outside the formal banking system to return those funds into the financial system. Edun said such individuals have a nine-month grace period to comply with the directive without attracting…
12 Sep
Guaranty Trust Holding Company Plc (Group) has achieved a Profit Before Tax ( PBT) of ₦1.004 trillion in its half-year operations to become the first Nigerian financial institution to cross the ₦1 trillion mark in profit. The figure represents an increase of 206.6 per cent over ₦327.4 billion recorded in the corresponding period in 2023.…
9 Sep
A Lebanese judge Monday issued an arrest warrant for ex-central bank chief Riad Salameh, a judicial official said, after the embattled former governor was questioned in an embezzlement case. Salameh, 74, who headed the central bank for three decades, faces numerous charges including embezzlement, money laundering and tax evasion in separate probes in crisis-hit Lebanon and…
28 Mar
The Alternative Bank and TK Tech Africa are poised to transform the landscape of financial technology and non-interest banking with their innovative $500 million digital Sukuk initiative.
25 Jan
Mohamed Worku, a 31-year-old resident of Chicago, is making headlines again, just days after being acquitted of a previous bank robbery charge. The unusual saga began two years ago when Worku walked into a bank, handed a teller a polite note reading, “Give me the money please, thank you.” He left the scene with approximately…
Latest
52 mins ago
The Attorney-General of the Federation (AGF) and Minister of Justice, Lateef Fagbemi (SAN), has warned that corruption in the judiciary and the abuse of power can contribute to the breakdown of the rule of law and diminish public confidence in the judicial system. Fagbemi stated this in his keynote address at The Gavel International yearly…
53 mins ago
Former President of the Nigerian Bar Association (NBA), Wole Olanipekun (SAN), at the weekend, supported the call for a single six-year term for President, Vice President, governors and deputy governors to achieve political stability, equity and accelerated development of the country. Olanipekun stated this in his country home, Ikere Ekiti, during the fifth empowerment programme…
54 mins ago
Global Entrepreneurship Network (GEN) Nigeria has underscored the transformative power of entrepreneurship as a tool for economic empowerment. According to the group, the power of entrepreneurship could combat poverty, foster inclusion and inspire innovation. GEN stressed the importance of entrepreneurship at the Global Entrepreneurship Week (GEW), Northern Nigeria Entrepreneurship Walk. The exercise,…
55 mins ago
The Sani Bello Foundation, in collaboration with the Graceland Health Development Foundation, Kaduna, has organised its yearly free medical and surgical outreach at the Kontagora General Hospital in Kontagora council area of Niger State. The initiative, which drew beneficiaries from across the country, was to provide critical healthcare services to under-served populations. Chairman of the…
56 mins ago
The United Nations Development Programme (UNDP) has commended governments of Borno, Adamawa and Yobe states for their exceptional leadership efforts. It lauded their unwavering commitment to stabilisation under the Regional Stabilisation Facility (RSF). global agency noted that effective leadership had been instrumental in advancing recovery initiatives, rebuilding essential infrastructure, and restoring hope to communities devastated…
58 mins ago
To enhance availability of information on weather and climate to persons with disability in the country, the Nigerian Meteorological Agency (NiMet), at the weekend, signed a memorandum of understanding (MoU) with the Advocacy for Women with Disabilities Initiative (AWWDI), a Non-Governmental Organisation (NGO) established to improve the quality of life of women living with various…
58 mins ago
Nigeria's first private television station, Desmims Broadcast Nigeria, and Alheri Radio, the oldest private station in Northern Nigeria, have suspended operations over ‘harsh economic conditions’. In a statement issued in Kaduna at the weekend by the Acting General Manager and Chairman of the Management Committee, Idris Mustapha, the decision was attributed to the rising cost of…
59 mins ago
President Bola Tinubu has described Second Republic cabinet minister, Wantaregh Paul Iyorpuu Unongo, as “a foremost statesman and a rare public servant who served the nation with distinction.” He eulogised Unongo during his burial at Kendev, Kwande Local Council of Benue State, at the weekend. Represented by Secretary to the Government of the Federation (SGF),…
1 hour ago
President Bola Tinubu has again restated his administration’s determination to tame security threats and violent crimes in Nigeria. He also reiterated his resolve to stabilise the Economic Community of West African States (ECOWAS), and contribute to peace in Africa in his capacity as Chairman of ECOWAS Authority of Heads of State and Government. Tinubu made…
1 hour ago
Seven-Up Bottling Company (SBC) has won two awards at the Social Impact and Sustainability Awards (SISA) 2024. The company received the Corporate Social Responsibility (CSR) Award for Educational Empowerment for its Harvard Business School Scholarship Initiative and the Sustainability Initiative of the Year Award for the company’s One Staff, One Tree Initiative. The Managing Director…