Coronation Group, Access Holdings Plc, Safaricom and M-PESA Africa partner to explore remittances

A transformative collaboration aimed at broadening access to remittances across Africa has been forged among Coronation Group, Access Holdings Plc, SafaricomPlc and M-PESA Africa(the parties)as the parties come together in a strategic alliance dedicated to propelling financial inclusion and nurturing economic prosperity for millions across the continent. The parties aim to explore solutions that will provide a remittance corridor between East and West Africa, connecting some of the continent’s largest economies. The collaboration will see the convergence of Access Holdings’ robust Pan-African banking infrastructure, spanning 14 African countries, with Coronation…

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Nomination opens for The Voice Achievers Award 2024

Nairobi, Kenya 2024… The Voice Achievers Award Inc. proudly announces the opening of nominations for the esteemed 13th edition of The Voice Achievers Award ceremony, set to be held in Nairobi, Kenya on August 15th and 16th, 2024. The award aims to recognize exceptional individuals, businesses, non-governmental institutions, and governmental entities from Africa and the Diaspora, along with friends of Africa, whose contributions have significantly impacted society. Building on the success of the 2023 ceremony in Almere, The Netherlands, and from all our previous ceremonies, the 2024 edition seeks to…

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Announcing the 2024 GTCO Food and Drink Festival… A Celebration of Authentic Flavours

The countdown has begun to the 7th edition of the most anticipated culinary festival in Africa and Guaranty Trust Holding Company Plc (GTCO) is excited to announce dates for the 2024 GTCO Food and Drink Festival, set to take place from Friday, April 26th to Sunday, April 28th, at GTCentre, Plot 1 Water Corporation Drive, Oniru, Victoria Island, Lagos. The GTCO Food and Drink Festival is widely recognised as the continent’s biggest food and drink festival, bringing together millions of food lovers and entrepreneurs to celebrate the rich and diverse…

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Access Bank acquires National Bank of Kenya (NBK) from KCB Group

Access Bank PLC and KCB Group PLC have today signed a binding agreement to acquire 100 percent shareholding in National Bank of Kenya Limited (“NBK”) from KCB. The successful completion of the transaction is subject to conditions that are customary for transactions of this nature including receipt all regulatory approvals from, amongst others, the Central Bank of Kenya, the Central Bank of Nigeria, the COMESA Competition Commission, and notifications to other relevant regulators. For Access Bank, this move underscores its commitment to bolstering its presence in Kenya and the broader…

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Marketers give hope for price reduction as PH refinery pumps fuel in 2 weeks

The Independent Petroleum Marketers Association of Nigeria and the Major Energy Marketers Association of Nigeria have projected a marginal reduction in the pump price of Premium Motor Spirit, popularly called petrol, produced by the Port Harcourt Refining Company once the plant begins operations next month. IPMAN and MEMAN also declared their readiness to load products from the facility, as they urged the Nigerian National Petroleum Company Limited to fulfil its promise of pumping out refined products from the plant in two weeks. On Friday, the Group Managing Director, of NNPCL,…

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MTN’s Y’ellopreneur to power 1000 female owned MSMEs

The MTN Y’ellopreneur Initiative seeks to contribute to the reduction in women’s unemployment and advance women’s development in ‘Entrepreneurship’ through capacity building and access to capital through loans, grants, and advisory support services for long-term business sustainability. The initiative targets Female Entrepreneurs across the country who display passion and commitment to self-employment and run an existing business of two years and above in the areas of; circular economy, manufacturing, processing, agriculture, ICT/digital services, waste management, etc. The focus is on businesses that source their raw materials locally. MTN Nigeria Foundation…

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EXCLUSIVE: How Access Bank funded N50bn contracts awarded to Craneburg Construction by Abia Gov, Otti

Facts have emerged that the Craneburg Construction firm owned by the late Mrs Chizoba Doreen Wigwe, wife of the late Dr Herbert Wigwe of Access Bank had used a loan from the bank to finance contracts across the country. Herbert Wigwe, who was the Group Chief Executive Officer (GCEO) of Access Holdings Plc, had his late wife serving on the legal board of the bank before venturing into the establishment of the Craneburg Construction in 2016. A document obtained by SaharaReporters on Wednesday shows how Craneburg Construction Company received a…

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My Access Bank story – ex-Emir Sanusi

Khalifa Mohammed Sanusi, a former Emir of Kano, has shared the story of how his association with the late Access Holdings Plc’s CEO, Herbert Wigwe, led to Insinuations that he was the owner of the bank. The former Governor of the Central Bank of Nigeria (CBN) made this known on Wednesday at the night of tributes organised in Wigwe’s honour in Lagos. Sanusi, who broke down in tears thrice, said Wigwe’s kindness to him gave many the impression he owned Access Bank, while Wigwe and Aigboje Aig-Imoukhuede were his stooges.…

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Reps plot Binance Holdings CEO arrest over alleged tax evasion, money laundering

The House of Representatives Committee on Financial Crimes has recommended the arrest of the Chief Executive Officer of Bianace Holding Ltd over alleged tax evasion and money laundering in Nigeria. The recommendation followed a motion by Rep. Isah Dogonyaro (APC- Jigawa state) at a public hearing on Monday in Abuja. The hearing was on a petition by Empowerment Fund for Nigerian Youth Initiative and the Niger Delta Youth Council of Nigeria on several crimes allegedly committed by Bianance. Binance is an online financial company, operating in the cyberspace of Nigeria…

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Why Ogun State shut Harvarde College over non-accreditation of programmes

An enforcement team comprising the Ogun State Ministry of Health and Nursing and Midwifery Committee has sealed the Nursing Department of Harvarde College of Science, Business and Management Studies, Obada in the Ewekoro Local Government Area of the state. The state government moved against the school for allegedly offering a degree programme in Nursing Sciences for six years without accreditation from the Nursing and Midwifery Council of Nigeria. Sunday PUNCH had earlier reported how the institution operates as an academic institution with no clear specification of where it belongs among…

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As NCC bars 40m GSM lines: Follow this step-by-step guide to link your NIN with your telephone number

No fewer than 40 million telephone lines were barred by telecommunication operators over the weekend following the expiration of the February 28, 2024 deadline issued by the Nigerian Communications Commission mandating telecom consumers to link their Subscriber Identity Modules to their National Identity Numbers. This represents a 28 million increase from the 12 million telephone lines initially planned to be deactivated by telcos, following the NCC directive. In a December 2023 notice, the NCC had asked telcos to bar SIMs that had not been linked to their owners’ NINs by…

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LASG to enforce monthly house rental scheme

The Special Adviser to Lagos State Governor on Housing, Barakat Odunuga-Bakare, has disclosed that the state’s monthly rental scheme will be enforced before the end of 2024 or early next year. She stated it during a recent press briefing of the Lagos State Real Estate Regulatory Authority in Ikeja, Lagos. She said, “We all see what is being done in other climes, rents are collected monthly. Hence, we are looking and hoping that before the end of the year, or by early next year, we will be able to implement…

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UBA takes centre stage at ECOWAS Mining and Petroleum Forum

Africa’s Global Bank, United Bank for Africa (UBA) Plc, has been announced as the official sponsor of the 4th edition of the ECOWAS Mining and Petroleum Forum (ECOMOF 2024) scheduled to take place at the Palais des Congrès in Cotonou, Benin from February 22 to February 24, 2024. The regional event is expected to see a large gathering of key players and stakeholders in the mining and petroleum sectors of the Economic Community of West African States (ECOWAS) and as the financial institution of choice, with presence in 20 African…

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Squad Powers OmniPay’s Trade Business to Simplify Payments for FMCG Industry

In a strategic move aimed at furthering its mission to empower African traders with the necessary payment solutions for thriving in the digital era, Squad, a fintech subsidiary of Guaranty Trust Holding Company Plc (GTCO), offering comprehensive payment and e-commerce solutions for businesses, has entered a partnership with OmniPay, a subsidiary of OmniRetail Inc. This collaboration has currently benefited more than 65,000 stakeholders, which include retailers, distributors, and manufacturers through improved payment and collection methods using Squad’s Virtual Bank Account without incurring any charges. Additionally, they have gained more accessible…

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Senate proposes 6-year tenure for CBN gov, N1trn recapitalization for banks

The Senate is considering sweeping reforms in the administration and function of the Central Bank of Nigeria by amending the CBN Act, 2007. Some of the amendment being proposed include the pegging of the tenure of governor of the apex bank to six years single term as against renewable five years in the extant act, a N1 trillion recapitalization for commercial banks which presently stands at N100 billion to meet the demands of President Bola Ahmed Tinubu’s N1 trillion Dollar projected economy amongst others. The amendment bill was passed for…

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Subsidy removal: Petrol import reduces by 990million litres per month -Minister

The Minister of Information and National Orientation, Mohammed Idris, on Wednesday, said the importation of Premium Motor Spirit, popularly called petrol, into Nigeria has reduced by 50 per cent since the withdrawal of subsidy on the commodity. During his inaugural speech on May 29, 2023, President Bola Tinubu declared that fuel subsidy was gone. Within 24 hours after that declaration, the Nigerian National Petroleum Company Limited, Nigeria’s sole importer of PMS, withdrew subsidy on petrol. This led to a jump in the price of the commodity from about N198/litre to…

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Why we are probing Buhari, Emefiele -Senate President, Akpabio

Godswill Akpabio, Nigeria’s Senate President has revealed that the current food and security crises confronting the nation now are traceable to the way and manner the Ways and Means loan granted by the Central Bank of Nigeria during Godwin Emefiele’s tenure as Governor to the Buhari administration were given, collected and spent which has necessitated a probe of the immediate past administration. The Nigerian Senate on Tuesday resolved to probe how the N30tn Ways and Means loans of the Central Bank of Nigeria was obtained and spent by the administration…

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Nigerians can’t afford beer any more – Brewery boss laments

The Chief Executive Officer of Nigerian Breweries Plc, Hans Essaadi, has said that the economic situation in Nigeria has deteriorated to the extent citizens can no longer afford to buy beer. Essaadi said this on Monday at the company’s investor call following the release of its 2023 results. “It has been unprecedented year for our business in Nigeria. We saw a significant decline in the mainstream lager market as a result of Nigerian consumers no longer able to afford a Goldberg after a hard day’s work,” Bloomberg quoted Essaadi as…

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Why we are moving Computer Village out of Ikeja -LASG

“We are moving the village into a place where their business would thrive while maintaining the status quo, Ikeja Computer Village was a residential area before, it is presently, and I think it will continue to be a residential area. We must ensure that things are done according to the law, since the law says it is a residential area, it should remain as such.

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FIRSTBANK CLINCHES THE PRESTIGIOUS CORPORATE BANK AWARD AT THE 2023 EUROMONEY AWARDS FOR EXCELLENCE

FirstBank, Nigeria’s premier financial institution and financial inclusion services provider, was announced as the Best Corporate Bank at the recent prestigious Euromoney Awards for Excellence, Nigeria 2023. The Bank clinched the coveted award based on its 130-year commitment to enabling its corporate customers achieve success through relevant and tailored financial solutions. FirstBank’s continuous investment in technology has been crucial to its leading industry role in optimally meeting the needs of its corporate customers. Recent investments in technology include the development of its smart and interactive Transaction Banking Platform known as…

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FIRSTBANK SET TO REWARD CUSTOMERS WITH 36 MILLION NAIRA IN THE SECOND SEASON OF ITS FIRSTMOBILE CASH-OUT PROMO

FirstBank has launched the second season of its Cash Out promo designed to reward users of FirstMobile, its industry-leading mobile banking solution. The FirstBank Cash Out Promo 2.0 which began on Monday, 15 January 2024, ends on Friday, 15 March 2024, and is open to new and existing customers. Leading up to the grand finale – with 1 million naira up for grabs – the promo comprises three distinct categories, each offering attractive rewards comprising N10,000 worth of airtime and data, N20,000.00, and N100,000.00 respectively. In the first category, 100…

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Pictures: High emotions, tears, as Abiodun, Dangote, Aig-Imoukhede, others visit Herbert Wigwe’s parents

Emotions ran high as billionaires wept freely as the Ogun State Governor, Dapo Abiodun and the President/Chief Executive Officer, Dangote Group, Aliko Dangote, alongside other associates paid a condolence visit to the parents of the late GCEO, Access Holdings Plc., Herbert Wigwe, on Monday. The Ogun State governor, Dapo Abiodun posted images from the visit on his Facebook account on Monday. The PUNCH reports that Wigwe, his wife, Doreen; son, Chizi; and a former Group Chairman of Nigerian Exchange Group, Abimbola Ogunbanjo, lost their lives in an helicopter crash which…

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Why we settled for Bolaji Agbede as Wigwe’s successor – Access Holdings explain

The appointment of Ms. Agbede is in alignment with our robust succession planning practices. We are strongly convinced that Ms. Agbede, being the company’s most Senior Executive with exceptionally rich, professional and leadership experience and understanding of the Access culture

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Wigwe: ACAMB mourns a fearless and visionary leader

It is with profound sadness and a heavy heart that The Association of Corporate & Marketing Communications Professionals in Nigeria Banks (ACAMB) extends its deepest condolences to Access Holdings Group on the tragic passing of its esteemed CEO, Dr. Herbert Wigwe, CFR. The renowned business and corporate leader, along with his beloved wife, Doreen, and their cherished son, Chizi, lost their lives in a tragic helicopter crash in the United States of America. Dr. Herbert Wigwe, affectionately known as ‘The Fearless One,’ was a visionary leader whose indomitable spirit, dedication,…

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Wigwe: Access Holdings release official statement

Access Holdings has confirmed the death of its Group Chief Executive Officer (CEO) Herbert Wigwe. Wigwe died in a helicopter crash on Friday with his wife, son, and a former Group Chairman of the Nigerian Exchange Group Plc, Abimbola Ogunbanjo. The bank in a statement on Sunday signed by the Company’s Group Secretary, Sunday Ekwochi, confirmed the unfortunate incident. “It is with deep sadness that the Board of Directors of Access Holdings Plc (‘the Company’) announces the passing of Dr. Herbert Wigwe, CFR, the Company’s founding Group Chief Executive Officer…

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Wigwe, family and friends, in US to watch American Super Bowl, as details emerge of chopper crash

More details have emerged on the ill-fated crash of a chopper that had Herbert Wigwe, group chief executive officer (GCEO) of Access Holdings Plc, wife – Chizoba, son and three others on board. THE WITNESS learnt that Abimbola Ogunbanjo, the former group chairman of Nigerian Exchange Group Plc (NGX Group), and two others (yet to be identified) were also onboard the helicopter when it crashed in California near the Nevada border. The United States federal aviation administration (FAA) said the Eurocopter EC130 helicopter crashed around 10 p.m. California time (Saturday,…

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Access Holdings Herbert Wigwe, wife, 5 others missing after helicopter crash

Herbert Wigwe, the Group Chief Executive Officer of Access Holdings Plc, was involved in a helicopter crash in the United States, on Friday. Wigwe, his wife and son were in the helicopter when it crashed in California near the Nevada border, as well as Abimbola Ogunbanjo, the group chairman of Nigerian Exchange Group Plc (NGX Group). A close source confirmed the development on Saturday evening. Six passengers were onboard, however, no survivors found so far.

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Nigeria’s Alake chairs Africa Mineral Strategy Group

Nigeria’s Minister of Solid Minerals Development, Dele Alake, has been elected as the Chairman of the Africa Minerals Strategy Group. Dr. Alake was unanimously elected as the chairman of the mining pressure group on Monday, February 5, 2024. Speaking at the meeting of the Africa Minerals Strategy Group, Alake charged African leaders to forge a common front to get maximum benefits from the mineral resources on the continent. The minister, in a statement issued on Tuesday by his Special Assistant on Media, Segun Tomori, stressed that the era of carting…

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Breaking: FBN Holdings name Femi Otedola as chairman

FBN Holdings Plc, a leading financial institution in Nigeria, has named businessman, Mr. Femi Otedola as the new Chairman of its Board of Directors. Otedola will succeed Alhaji Ahmad Abdullahi as the company’s chairman. FBN Holdings confirmed the appointment in a notice signed by the company’s Acting Secretary, Adewale Arogundade, and sent to the Nigerian Exchange Group (NGX) on Wednesday evening. The appointment, according to the company, took effect from January 31. FBN Holdings commended the outgoing chairman for guiding it through numerous challenges and maintaining its stature in the…

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Forbes Top 20: Otedola excited

Billionaire businessman, Femi Otedola, recently took to social media to express his excitement on his return to the Forbes African Billionaires list after a seven-year hiatus. Sharing a picture of the announcement on his Instagram page, he wrote, “Interesting”, and added smiley and dollar emojis.” The 61-year-old entrepreneur currently sits at number 20 on the list with a net worth of $1.1bn. According to Forbes, the wealth of the 2024 list of 20 billionaires rose to $82.4bn from last year’s $81.5bn, partly as a result of Otedola’s return. Before then,…

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Breaking: Another private jet crashlands in Ibadan

A private jet, with 10 persons onboard, including Very Important Personalities (VIPs) has crash-landed in Ibadan, the Oyo State capital. According to reports, the jet crash landed on Friday around 11 am at the Samuel Ladoke Akintola Airport. The jet with registration number, N580KR, missed the runway into the nearby bush. Meanwhile, firefighters and rescue officials from the Federal Airports Authority of Nigeria (FAAN) were immediately deployed to the scene. However, there was no death or casualty recorded. “It was a private plane from Abuja. It landed safely but overshot…

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Oladipo did not pay N40m, Onalaja reveals as Lagos Govt. settles land dispute between RevolutionPlus and client

Bamidele Onalaja, the CEO of RevolutionPlus Property Ltd has disputed a statement by its aggrieved customer Kayode Oladipo, who claimed to have paid N40m to the company to purchase 20 plots of land in its facility saying the foreign-based Nigerian only made a deposit payment for the transactions. Onalaja spoke during a peace meeting brokered by the Lagos State Government, through the Lagos State Real Estate Regulatory Authority, to effectively resolved the land dispute between the real estate company, and its customer, Kayode Oladipo. According to a statement signed by…

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Access Bank acquires controlling shares in Ugandan bank

Access Bank, the lead subsidiary of Access Holdings Plc, has entered into a transaction with the Ugandan-based Finance Trust Bank Limited and its shareholders for the acquisition of a majority equity stake in FTB. According to a statement signed by the Company Secretary, Sunday Ekwochi, which was filed with the Nigerian Exchange Limited on Wednesday, the proposed acquisition is subject to regulatory approval. In recent days, Access Holdings had moved to expand its business segments with the acquisition of an insurance brokerage firm, Megatech Insurance Brokers Ltd and the floating…

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Union Bank pledges seamless service as new management resumes

Union Bank of Nigeria has reassured its partners, customers and critical stakeholders of continued excellent service and seamless operations following the recent appointment of its new Managing Director/Chief Executive Officer, Yetunde Oni, by the Central Bank of Nigeria (CBN). The bank assured its customers that as a long-standing financial institution in the Nigerian banking industry, it will continue to provide top-quality services and products while operating under the best tenets of corporate governance as enshrined within the guidelines of the CBN. Under its new leadership, the bank pledged to sustain…

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NNPCL to hand over Port Harcourt refinery to private operators

As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company. This, it said, was “to ensure reliability and sustainability towards meeting the nation’s fuel supply and energy security obligations.” In a publication on its website on Monday, the NNPCL said the contract scope shall cover refinery business processes like…

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Afreximbank, UBA announce $2.25b disbursement under syndicated $3.3b crude oil prepayment facility

African Export-Import Bank (Afreximbank) has successfully arranged a syndicated US$3.3b crude oil prepayment facility sponsored by the Nigerian National Petroleum Company Limited (NNPCL). An initial disbursement of US$2.25b has been made. A second tranche of US$1.05 billion is expected to be disbursed subsequently. This landmark financing is Nigeria’s largest crude oil prepayment facility and one of the largest syndicated loans raised in Africa in 2023. Investors were keen to consider ticket sizes of US$250m and US$500m amidst current headwinds and year-end pressures in the loan markets. The five-year facility carries…

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HabariPay’s Squad Launches Take on Squad Hackathon 1.0 for Young Innovators

In line with its mission of empowering businesses and young innovators across Africa, HabariPay’s Squad has announced the launch of its first-ever hackathon, “Take on Squad Hackathon 1.0.” The social coding event is scheduled to hold on January 19th and 20th 2023, at the state-of-the-art GTCO Training Complex, Tayo’s Plaza, Abeokuta, Ogun State. Take on Squad Hackathon 1.0 is targeted at young innovators in universities and other tertiary institutions in Nigeria and challenges competing teams to create innovative solutions to problems within their immediate community as well as the wider…

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How Globus Bank female marketer committed suicide inside office

Amarachi Ugochukwu, a female marketing employee of Globus Bank, Ikorodu branch, Lagos State, has committed suicide while at work in the office. The deceased, 32-year-old Amarachi Ugochukwu, was said to have drunk an insecticide. PUNCH Metro learnt that the incident happened on Monday within the premises of the bank. Ugochukwu had around 1pm made her way into the restroom, where she drank the insecticide, unknown to her colleagues. Father Who Loses Daughter To Suicide In UK Bares It All | Punch0:11 / 1:01 Other members of staff had started looking…

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CBN’s hammer hits Polaris, Titan, Union and Keystone Banks BoDs

The Central Bank of Nigeria has, with immediate effect, sacked the entire Board of Directors of Polaris, Titan, Union and Keystone Banks. CBN sources say the decision was taken in a meeting led by the apex bank’s governor, Yemi Cardoso, on Wednesday in Abuja. The source, who spoke on condition of anonymity, hinted that an official statement dissolving the board of directors will be released shortly. The source said, “In the next hour, there is going to be official communication from the bank. We are working on it and an…

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Our CEO not arrested by EFCC -Zenith Bank

Zenith Bank Plc has dismissed as entirely untrue reports on the purported arrest of its Group Managing Director, Dr. Ebenezer Onyeagwu, in a section of the media. The reports had claimed Dr Onyeagwu was among bank CEOs arrested by the EFCC in connection with alleged fraud at the Ministry of Humanitarian Affairs. The bank however clarified that the GMD was neither arrested nor detained by the EFCC or any other anti-graft agency, adding that he is currently fulfilling his duties and responsibilities as the Group Managing Director of Zenith Bank Plc.…

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ACAMB releases Abdul Imoyo’s burial plans

Association of Corporate & Marketing Communications Professionals in Banks in Nigeria (ACAMB) has announced the burial details for its distinguished Publicity Secretary, Mr. Abdul Kolawole Imoyo, who passed away in the early hours of Sunday, December 17, 2023, at First Cardiology, Ikoyi, Lagos, after a brief illness. Mr. Imoyo, a highly regarded Corporate Media Manager and Journalist, leaves behind a legacy of excellence in the field of Corporate Communications. Mr Rasheed Bolarinwa, the President of ACAMB, said in a statement that the burial arrangements, as communicated by the Imoyo family,…

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Adeduntan: FirstBank is future-proof and remains committed to the gold standard of excellence in banking

* With over 4.6 trillion-naira loans to customers in Q3 2023, FirstBank is committed to economic growth and transformation. At the dawn of the new year, it is natural for the Nigerian banking sector operators to anticipate dynamic shifts in regulations, increased digital innovations, and a focused approach toward sustainable growth and financial inclusion, while both the government and private sector eagerly anticipate the banking industry’s pivotal role in driving economic resilience, fostering innovation, ensuring regulatory compliance, and spearheading inclusive financial initiatives to bolster national development. As a mark of…

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DSTV fails to secure AFCON broadcast rights

Multichoice Nigeria, the parent company of DStv, on Wednesday, said that the popular satellite TV service will not be airing the upcoming AFCON 2023 tournament. In a statement issued on Wednesday, Multichoice stated that SuperSport TV failed to secure the broadcasting rights, leaving millions across Africa scrambling for ways to watch the continent’s biggest footballing event. The statement reads: “SuperSport Channel will not broadcast the Africa Cup of Nations (AFCON) 2023 scheduled for January 13th – February 11th, 2-24, because the channel has not secured the rights to broadcast the…

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Dangote refinery gets another one million barrels of crude oil

The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National Petroleum Corporation Limited. A statement from tne $20bn firm stated that the oil company was expecting the fifth crude oil shipment soon. The plant had earlier received three shipments of crude oil, as officials of the company told our correspondent that the refinery would start pumping out refined Automotive Gas Oil, also known as diesel, and aviation fuel or JetA1 this month. In the statement issued…

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