Elon Musk will significantly scale back his Trump administration work in May to focus on Tesla, the billionaire announced Tuesday, as the electric vehicle maker reported a 71 per cent drop in first-quarter profits. “Probably in the next month, my time allocation to DOGE will drop significantly,” Musk said at the outset of an earnings conference call, referring to his …
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Union Bank of Nigeria has rewarded another set of customers in the ongoing Save and Win Palli Promo 4 campaign. Six lucky customers each won a brand-new motorcycle, and 120 additional winners won cash prizes. The third monthly hybrid live draws were transparently conducted at the Bank’s Sabo, Yaba Branch in Lagos under the supervision of relevant regulatory institutions. For …
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Polaris Bank has reaffirmed its unwavering support for the National Drug Law Enforcement Agency (NDLEA) in the fight against drug abuse, trafficking, and money laundering in Nigeria and beyond. The pledge was made by the Bank’s Managing Director/CEO, Kayode Lawal, during a courtesy visit by a 15-member NDLEA management team to the Bank’s headquarters in Lagos last Wednesday. Polaris Bank …
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Union Bank of Nigeria, under its Made In Naija initiative, emphasised its commitment to supporting homegrown businesses by recently sponsoring the RISE Business Challenge at the University of Lagos, Akoka, during the 6th Annual Youth Leadership Conference. Dubbed Turning Point 6.0, the Resilience, Innovation, Social Responsibility, and Entrepreneurship (RISE) Challenge is a collaboration between Union Bank and the conference …
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Tier one bank, Fidelity Bank PLC, has been named “Nigeria’s Best Private Bank” at the prestigious Euromoney Awards 2025. The recognition was formally unveiled at the awards ceremony held recently at The Savoy in London. The Euromoney Awards for Excellence are prestigious annual honors and a benchmark for excellence in the global banking and finance industry. Established by Euromoney magazine, …
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Nigeria’s biggest financial institution, Access Holdings paid over N1 Billion for several contraventions against regulatory bodies including the Central Bank of Nigeria and Securities and Exchange Commission (SEC) in the year ended 2024. This disclosure was included in the company’s recently released full year 2024 financial result uploaded on the Nigerian group exchange, sighted. The bank incurred the highlighted amount …
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First City Monument Bank (FCMB) and three other defendants are guests at the Lagos State Special Offences Court in Ikeja, where they were arraigned for alleged forgery and mortgage fraud. The co-defendants in the case are Okogun Polycarp, Batik Line International Limited, and Bolaji Adebajo. Justice Ismail Ijelu fixed a March, 2025 date for their arraignment after the accused individuals …
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In a bold move that resets the rules of engagement in the Nigerian banking sector, Sterling Bank has removed transfer fees on its digital banking platform, OneBank. This decisive move makes Sterling the first major Nigerian bank to forgo earning a cut from customer transactions on its own app. The initiative marks a turning point in the industry and reflects …
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The Founder and Chairman of Zenith Bank Plc, Jim Ovia, CFR, has been admitted to the prestigious Freedom of the City of London in a distinguished ceremony which held at the Mansion House, City of London on Monday, April 7th, 2025. This prestigious accolade is a testament to Mr. Ovia’s exceptional contributions to the global financial landscape, unwavering commitment …
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In celebration of the 2025 edition of Global Money Week (GMW), Polaris Bank took its financial literacy advocacy to NANA College, Warri, Delta State, where students received firsthand insights on money management, saving, and investing. The event, held within the school premises, witnessed an impactful engagement led by Mr. Andrew Komori, the Group Head of Polaris Bank, who represented the …
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