Governor Sim Fubara of Rivers State seems to have released what appears to be a bombshell. He has revealed that he met internally generated revenue (IGR)...
Heritage Bank, one of the new epileptic generation banks in the country, has been forced to shut down its operations as a result of the mass...
Governor of Bayelsa State, Senator Douye Diri has encouraged elders and leaders of the state who are doing business outside, to come back home and invest....
Wema Bank has said that it has removed and suspended about seven fintech partners from its payment gateway platform over fraudulent activities. This is as the...
As the Economic and Financial Crimes Commission, EFCC, intensifies raids, arrests and prosecution of persons alleged to have abused the national currency, the Naira, Delta State...
Wema Bank, a Nigerian bank, reported losses of ₦685 million ($594,943) due to fraud and forgery in 2023. The losses were incurred through the bank’s digital...
Nigeria has witnessed an unprecedented surge in food inflation, reaching a staggering 40% in March 2024, according to the latest data released by the National Bureau...
The impact of inflation in Nigeria is becoming increasingly evident as prices of goods surge, making lower denominations of the Naira currency practically unusable. Not too...
Fidelity Bank Plc and its customers suffered N2.1bn loss after the lender saw a surge in fraud and forgery cases in 2023. Fraud and forgery cases...
Despite the economic challenges faced by many businesses due to the forex crisis and other issues, Wema Bank Plc reported a remarkable increase in pre-tax profit...
..how bank incurs over N9bn in court cases, as stakeholders panic One of Nigeria’s oldest financial institutions, Wema Bank Plc, led by Moruf Oseni, is reportedly...
The Nigerian government says it has traced fleeing Binance executive, Nadeem Anjarwalla, to Kenya, following his escape from custody. It was gathered that the Economic and...
A financial analyst, Kalu Aja, has given Allen Onyema’s Air Peace solution to edge out foreign airlines amid price war in the Lagos-London fare route. Aja...
A total of 50 staff of the Central Bank of Nigeria (CBN) were sacked on Monday, April 8 by the current management of the apex bank....
Wema Bank Records 196 Percent Profit Before Tax In 2023 Financial ReportWema Bank has announced its full Year 2023 Audited financial statement, recording a profit before...
The United Nations Development Programme (UNDP) has offered a N200 million support to Micro Small and Medium Enterprises (MSMEs) in Bayelsa State. Leader of the UNDP...
The Central Bank of Nigeria (CBN) has prohibited the use of foreign currency (FCY) as collateral for Naira loans. According to the new regulation, banks can...
Wema Bank said it is awaiting regulators’ final verification of its N40 billion Capital raising exercise results amid the planned banking industry recapitalisation exercise recently announced...
In 2021, a third-party vendor scammed Multi Choice Nigeria, the owners of DSTV Nigeria, for a whopping 7.9 billion naira. What could have happened that DSTV...
Investigative journalist, Fisayo Soyombo, has stirred the hornets nests after he uploaded dairy products been smuggled into the country with the assistance of the Nigerian Custom...
Wema Bank has announced its full Year 2023 Audited financial statement, recording profit before tax (PBT) growth of 196 per cent from ₦14.75bn to N43.59 billion....
Tony Elumelu’s Transcorp’s Abuja Electricity Distribution Company (AEDC) is facing sanctions for breaching recently enacted electricity tariffs in Nigeria’s capital city. This development sheds light on...
The Economic and Financial Crimes Commission (EFCC) is set to arraign former Central Bank of Nigeria Governor, Godwin Emefiele, on charges of alleged abuse of office...
President Bola Tinubu has said though he does not have the magic wand, his administration would fix the economic challenges confronting the citizenry. He also assured...
A fresh round of squabbles is currently rocking the board of First Bank of Nigeria, a development shareholders fear poses a major threat to the bid...
According to Oseni, customers in Band A who are those who enjoy 20 hours of electricity supply daily represent 15 percent of the 12million electricity customers...
THE value of transactions on the stock market of the Nigerian Exchange Ltd.(NGX) went down by 13.81 per cent on Tuesday after two days of Easter...
The quartet of United Bank for Africa (UBA), Wema Bank, Zenith Bank and Stanbic IBTC are risking sanctions from the Nigerian Xchange for failing to file...
In 2023, Access, Nigeria’s largest commercial bank by assets, reported losses of ₦6.15 billion from fraud and forgery, up from ₦1.44 billion the previous year. Fraudulent...
This is part of the Tinubu Administration’s efforts to save costs. In the fleet, there are currently 10 aircraft consisting of six jets and four helicopters....
There were indications on Monday that the Central Bank of Nigeria has sacked at least five directors in what looked like the commencement of a reorganisation...
