• Bayo Adetu
• October 6, 2021
• BUSINESS
• 0 Comments

In a bid to firmly entrench a customer-first attitude with enduring service culture, Unity Bank has launched a new service charter and Hall of Fame for staff. This is to create an exceptional customer experience as the Bank celebrates the 2021 Customer Service Week.   Unveiling the Service Charter, the Managing Director/CEO of Unity Bank Plc, Mrs Tomi Somefun applauded …

• Bayo Adetu
• October 5, 2021
• BUSINESS
• 0 Comments

First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider, has announced that the 2021 edition of its annual FINTECH Summit is scheduled to hold on Thursday, 7 October 2021 by 10:00 am. The virtual event is opened to everyone, but participants are required to register via the link  https://firstbanknigeria.zoom.us/webinar/register/WN_NmkYfeckQqu4vjTWy5lr5w The 2021 edition of the summit which is the fifth …

• Bayo Adetu
• October 5, 2021
• BUSINESS
• 0 Comments

The controversy surrounding the sale of OML 29 by Shell Petroleum Development Company of Nigeria to Aiteo Eastern Exploration and Production Company Limited in 2014 may be far from being over as Aiteo has again dragged Shell to court over what it alleged as “fraud, deceit and misrepresentation” in the sale. In a suit, FHC/ABJ/C8/738/2021, dated 27 July 2021 and …

• Bayo Adetu
• October 3, 2021
• BUSINESS
• 0 Comments

…To drive financial inclusion It was Sir Isaac Newton, in his letter to Robert Hooke in 1675, who wrote the now-famous quote: “If I have seen further (than others), it is by standing on the shoulders of giants.” The shoulders of giants Sir Newton referred to has to do with leverage provided by the discoveries and experiences of people who …

• Bayo Adetu
• September 30, 2021
• BUSINESS
• 0 Comments

The Speaker of the Lagos State House of Assembly, Rt. Hon. (Dr) Mudashiru Obasa, on Thursday re-emphasised the need for Nigeria to think in the direction of true federalism saying it is one of the major solutions to the county’s many challenges. Obasa made the call at the 13th annual Hijrah Lecture 1443 A.H (2021) organised by the House with …

• Bayo Adetu
• September 30, 2021
• BUSINESS
• 0 Comments

New regulation for crypto exchanges in South Korea is now effective, forcing 37 exchanges to shut down abruptly.  The Act on Reporting and Using Specified Financial Transaction Information requires crypto exchanges to obtain Information Security Management System (ISMS) certification and submit a report to the country’s Financial Intelligence Unit (FIU) by midnight on September 24.  The new requirements force exchanges …

• Bayo Adetu
• September 28, 2021
• BUSINESS
• 0 Comments

The Central Bank of Nigeria (CBN) has told financial institutions in the country that eNaira is not a subtle scheme to take away bank customers. It said the plan is to grant access to more financially excluded people. The regulator said this in details published on the website of the country’s digital currency which went live on Monday ahead of its launch …

• Bayo Adetu
• September 28, 2021
• BUSINESS
• 0 Comments

A Federal High Court in Abuja on Monday rejected the request to stop the trial of two officials of the Federal Inland Revenue Service (FIRS) charged with falsification of tax documents. Justice Inyang Ekwo, in a ruling, held that the no-case submission made by the defendants – Mohammed Adami and Okoro Eunice Udokanmma has no merit. Adami and Udokanmma are, …

• Bayo Adetu
• September 27, 2021
• BUSINESS
• 0 Comments

The Governor of the Central Bank of Nigeria, Godwin Emefiele, has said the Federal Government needs $100bn annually to address the nation’s infrastructure deficit. Emefiele disclosed this while making his presentation at the 30th annual conference organised by finance reporters in Lagos State on Saturday. He also noted that interventions introduced to minimise the impact of COVID-19 on the economy contributed …

• Bayo Adetu
• September 25, 2021
• BUSINESS
• 0 Comments

China’s central bank has announced that all crypto-related transactions and services are now illegal. In response, Bitcoin dropped down to $41k from $45k. According to a Bloomberg report, China has intensified its crackdown on crypto and Bitcoin as the nation’s central bank says all digital currency transactions are illegal. According to The People’s Bank Of China (PBOC), not only are Bitcoin, …