Court Sentences NEXIM Bank Manager to Jail for Fraud in Lagos

The Lagos Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentencing of one Ugenyi Kalu, before Justice R.A. Oshodi of a Special Offences Court, sitting in Ikeja, Lagos for fraud. The convict, a banker, was arraigned on a five-count charge, bordering on official corruption and gratification. One of the counts reads: “That you, …

Continue Reading

CBN Stops Free Withdrawals For Customers Using Other Banks’ ATMs

The Central Bank of Nigeria (CBN) says charges will now apply anytime customers use the Automated Teller Machines (ATMs) of banks other than theirs. This was contained in a circular dated February 10, 2025, and addressed to all banks and financial institutions, the apex bank’s acting Director of Financial Policy and Regulation Department, John Onojah. “The three free monthly withdrawals …

Continue Reading

Shepherd Freight Cargo Services now in Lagos, Ibadan

Famous Worldwide freight and Cargo Service Provider Shepherd freight & Cargo service has added another feather to its reliable and Trusted cargo service around the world with a new office in Lagos and Ibadan. Known for its effective Trusted, Reliable, Safe and Fast efficient services in Cargo world, the Company is now in Lagos at No 28 Eniola street Beechan …

Continue Reading

Wema Bank unveils 80th Anniversary Identity

In preparation for its 80th anniversary, Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, has unveiled the identity for its 80th anniversary celebration. Set for Friday, May 2nd, 2025, this grand anniversary would serve as the hallmark of Wema Bank’s 80-year journey of unmatched resilience, profound impact and notable transformation from being Nigeria’s …

Continue Reading

NASRE Commends Zenith Bank For Staff Welfare, Business Initiatives

The Noble Association of Social and Resourceful Editors (NASRE) has commended Zenith Bank for its recent groundbreaking initiative to promote over 4,000 employees while implementing salary increments of 20% to 30% across various staff grades. The association lauded the bank for setting a high standard in employee welfare and fostering productivity in the Nigerian financial sector. Speaking on behalf of …

Continue Reading

NESG Appoints Wole Adeniyi, Mohamad Darwish, and Olusegun Alebiosu as Board Members

The Nigerian Economic Summit Group (NESG) has announced the appointment of three leaders, Mr Wole Adeniyi, Mr Mohamad Darwish, and Mr Olusegun Alebiosu, to its board of directors. These appointments reflect the NESG’s steadfast dedication to promoting visionary leadership and strengthening partnerships with key business leaders and private sector stakeholders. The addition of these accomplished professionals is expected to drive …

Continue Reading

Zenith Bank secures regulatory approval for N350B rights issue, public offer proceeds

Zenith Bank Plc has raised a total of N350.4 billion through its recently concluded hybrid Rights Issue and Public Offer. In a statement released to the Nigerian Exchange (NGX) Group on Sunday, January 26, 2025, the Bank announced that it has secured the full regulatory approval of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) …

Continue Reading

FirstBank’s FirstGem: Redefining Women’s Empowerment in Nigeria

The story of women’s contribution to Nigeria’s economy is as old as the nation itself. It is no secret that women are the largest untapped source of national wealth worldwide. All over the world, women hold their place of pride in commercial enterprise. The Nigerian businesswoman have for a long time faced significant barriers in accessing the financial services and …

Continue Reading