Beyond Banking, Union Bank Launches Future-Forward Innovative Co-Creation Hub, SpaceNXT
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Bayo Adetu
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April 8, 2022
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BUSINESS
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…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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Bet9ja loses billions of Naira, as hackers hijack website
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Bayo Adetu
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April 8, 2022
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BUSINESS
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Popular sports betting site, Bet9ja has been hacked by yet to be identified hackers. Sports pundits who frequently use the betting platform said the hack was noticed in the earlier hours of Wednesday as they could not access the site. According to an operator, Michael Okoro who spoke with our Correspondent in Owerri, he said that he worked in his …
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Zenith Bank’s shareholders excited as bank pays N97.33 billion dividend
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Bayo Adetu
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April 7, 2022
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BUSINESS
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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
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Bayo Adetu
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April 5, 2022
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BUSINESS
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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
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Bayo Adetu
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April 4, 2022
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BUSINESS
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…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
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Bayo Adetu
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April 4, 2022
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BUSINESS
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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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Emefiele Denies Campaign vehicles
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Bayo Adetu
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April 2, 2022
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BUSINESS
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Central Bank of Nigeria Governor, Godwin Emefiele, has denied ownership of some vehicles purportedly branded for his presidential campaign. A post by Reno Omokri, former President Goodluck Jonathan’s aide, described the act as a handiwork of Emefiele’s detractors.
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Sterling One Woman partners with Society for Corporate Governance Nigeria for IWD celebration
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Bayo Adetu
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March 30, 2022
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BUSINESS
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As part of activities to commemorate this year’s International Women’s Day (IWD) themed “Break the Bias,” Sterling Bank partnered with the Society for Corporate Governance, a non-governmental organization (NGO), to sensitize women professionals and other executives on how they can become active and effective board members as part of activities to commemorate this year’s International Women’s Day (IWD). Speaking at …
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FirstBank holds a round table as Cobhams Asuquo, Osas Ighodaro, Denola Grey, Ore Runsewe and Foluso Gbadamosi share their experiences
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Bayo Adetu
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March 25, 2022
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BUSINESS
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Did you miss FirstBank’s recent webinar on 8 March 2022, to commemorate the 2022 International Women’s Day (IWD) – themed Breaking the Bias – and are yet to recover from the grumble of missing the event, following the experiences and excitement shared by participants? Letting the cat out of the bag… By 1pm on Friday, 25 March 2022, FirstBank will …
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MAAN Commends Unity Bank for Supporting Maize Farmers
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Bayo Adetu
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March 25, 2022
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BUSINESS
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Nigerian maize farmers under the auspices of Maize Farmers Association of Nigeria (MAAN), have commended Nigeria’s agric-focused lender, Unity Bank Plc for its role in facilitating the financing of maize production by smallholder farmers in the country through the Anchor Borrowers’ Programme of the Central Bank of Nigeria (CBN). The President of MAAN, Dr. Bello Abubakar gave the commendation while …
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