How Fidelity Bank Defrauds Civil Servants with Illegal loan deals 

The economic crisis in the country has left a lot of Nigerians frustrated, hopeless and helpless. As a result, many citizens turn to banks and other money lending firms to collect loan for survival. While some banks offer genuine financial assistance with considerable interest rates and repayment methods, others are just like preys that milk their ‘victims’ dry. One of …

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NDLEA Intercepts Cocaine In Children Duvets, Seizes Drugged Milo Beverage 

No less than 101 parcels of Cocaine concealed in eight children duvets have been intercepted by operatives of the National Drug Law Enforcement Agency, NDLEA, at the Murtala Muhammed International Airport, MMIA, Ikeja, Lagos. According to a signed statement by Femi Babafemi, NDLEA Director, Media & Advocacy and made available to the National Association of Online Security Reporters, NAOSRE, the …

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Why national grid collapsed —Minister

The Federal Ministry of Power has revealed the reason behind the recent collapse of the national electricity grid. In a statement signed by the media aide, Isa Sanusi, on behalf of the Minister of Power, Abubakar Aliyu, on Saturday, the ministry disclosed that vandals had caused a disruption on the transmission tower between Akwa Ibom and Cross River. The national …

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Beyond Banking, Union Bank Launches Future-Forward Innovative Co-Creation Hub, SpaceNXT

…reiterates commitment to innovation and technological advancement in Nigeria Leading financial institution, Union Bank has launched a technological and innovation hub known as SpaceNXT. Built to promote innovation and encourage collaboration within the tech ecosystem in Nigeria, SpaceNXT is a future-forward purpose designed co-working hub for innovators, creators and techpreneurs. Located within the Union Bank Head Office in Lagos Nigeria, …

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Zenith Bank’s shareholders excited as bank pays N97.33 billion dividend 

Shareholders of Zenith Bank Plc, at the 31st Annual General Meeting (AGM) of the bank held on Wednesday, April 6, 2022, at the Civic Centre, Victoria Island, Lagos, unanimously approved the proposed final dividend, expressing delight at the final dividend payment of NGN2.80 per share which brings the total dividend for the 2021 financial year to NGN3.10 per share with …

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Nigeria asks Apple, Google to delete more loan apps as FCCPC uncovers owners

The Federal Government of Nigeria has served supplementary orders to Apple’s Appstore and Google Play Store to take down more loan apps. The Federal Competition and Consumer Protection Commission (FCCPC) has also secured new freezing orders against accounts and financial institutions involved. A statement by the CEO, Babatunde Irukera said the actions were in furtherance of the March 11 raid …

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WeMA BANK announces 108.3% growth in Profit Before Tax

…Total Assets now above ₦1Trillion Naira Wema Bank Plc’s resilience was on display as the digitally driven financial institution announced its financial results for the year ended December 31, 2021. The performance which capped a remarkable year showed strong growth in key financial indices especially as the bank crossed the ₦1trillion mark in total assets. In a statement made to …

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Court stops DSTV, GOTV’s price hike

A tribunal sitting in Abuja has ordered Multi-choice Nigeria Plc and the Federal Competition Consumer Protection Commission to stop the price hike on DSTV and GOTV products pending 11th of April 2022 fixed for hearing of the matter. The case was filed and dated 29th March, 2022, by the Festus Sanmi Onifade and Coalition Nigeria Consumer (The applicant) against Multi-choice …

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