Ebonyi: Police cautions bank customers on robbers’ new strategy
The command’s spokesperson, Mrs Loveth Odah, made this known in an interview with News Agency of Nigeria (NAN) in Abakaliki.
African Development Bank approves capital increase to $208 billion
The African Development Bank’s board approved a 125% capital increase to $208 billion on Thursday, the largest in the lender’s history, AfDB President Akinwumi Adesina said. The decision caps two years of negotiations to give the Abidjan-based bank greater scope to meet the continent’s funding needs. The last increase was agreed in 2010.
Court awards N5m damages against bank over illegal sale of shares, loss of document
A Lagos high court has awarded N5million damages against First Bank Plc in favour of its customer, Mr. Emmanuel Afolabi Onishile, for the illegal sale of his shares and loss of original title document.
Bank vows action after security guards assaulted customer over threat to close account
One of the first generation banks has assured prompt action to address the alleged assault of one of its customers by its security guards inside the banking hall for threatening to close his account for unsatisfactory service.
Process digitisation will help reduce cost-to-income ratio in banks, says Okonkwo
Nnamdi Okonkwo is the Managing Director/CEO, Fidelity Bank Plc, and he is passionate about leaving a legacy with the bank, if only of taking it to a Tier 1 position as a very strong player. In this interactive session with select journalists, he insists the numbers indicate that the bank is on track on making…
RMAFC to recover N100b stamp duty from banks
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) is to probe banks over stamp duty to the tune of N100 billion. A statement yesterday by the commission’s spokesperson, Ibrahim Mohammed, in Abuja, did not specify when the probe would commence. He, however, said the inquiry would involve a forensic investigation of the funds that had…
Armed robbers kill three, cart away cash in Osun bank attack
Suspected armed robbers yesterday reportedly killed three persons during an attack on a commercial bank in Ila-Orangun, Ila Local Government Area of Osun State. The victims of the robbery according to sources included a policeman and two civilians. The robbers numbering about 15 were said to have launched attack on the bank and carted away…
Adekunle Gold, Noble Igwe, Mai Atafo, Williams Uchemba Feature In Falz "Sweet Boy" Video
Hours after dropping the BTS for New Money, Falz has just released the video for his single, Sweet Boy. The president of the Sweet Boy Association represents in the best way possible. The sizzling video also features cameos from Mai Atafo, Williams Uchemba, IK Osakhioduwa, Adekunle Gold, Tobi Bakre, Noble Igwe, Sess, Bank. Take a…
Banks in massive rip-off of customers with essential information
Nigeria banks have surreptitiously used their bargaining strength (knowledge) against the “half-informed” customers, numbering in tens of millions today. For example, how many times in a month will a savings account customer make withdrawals and lose the right of interest rate payment? This is one of the least things the financially informed Nigerian knows. It…
Your social credibility can get you a loan
Having a credible social media account is very important in this time and age because the world is right in the heart of the Internet era. A lot of people are being assessed through social media. The type of words and pictures you put out there, the pages and groups a person follows are all…
Oil sector receives N3.42 trillion credit from banks
Owing to the stability in crude oil prices, the banking sector’s credit to the oil and gas firms has increased by 21.92 per cent to reach N3.42trillion during the first quarter (Q1) of 2018. The amount is regarded as the highest credit allocation in Q1 2018, according to the National Bureau of Statistics (NBS). This…