The Founder/Chairman, Zenith Bank Plc, Mr. Jim Ovia, on Tuesday re-affirmed his support to the Lagos State Security Trust Fund by pledging an additional 150 percent of previous donations to the Trust Fund. He made the announcement on behalf of Zenith Bank Board of Directors during the recently-concluded parley with the Governor of Lagos State,... Read More
The 2nd prize presentation of Fidelity’s Savings promo tagged Get Alert In Millions (GAIM) Reloaded took place on December 19, 2017 at the Genesis Cinemas, The Palms Shopping Mall, Lekki, Lagos State. The event started in earnest with an exhilarating dance performance by a flash mob as scores of shoppers gathered to witness the spectacle. In... Read More
Are you a fashion entrepreneur? Do you make or sell quality clothes and accessories? Do you want to showcase your products at the upcoming GTBank Fashion Weekend? If yes, then this is for you. The GTBank Fashion Weekend, which is aimed at promoting enterprise is calling for fashion entrepreneurs who would like to make massive sales... Read More
It’s not even Christmas yet but we just can’t hold back all the freebies we have for you. So here’s to all our existing and potential customers on the MTN network; browse for FREE every time you login to Fidelity Online on https://online.fidelitybank.ng/ or use the Fidelity Online App. It’s absolutely free browsing on Fidelity... Read More
With a vision to provide simply and smarter banking solutions for customers and prospects, Union Bank has launched three ultra-modern branches in Lagos State. The newly upgraded branches, equipped with the state-of-the-art banking facilities, are located at Old Ojo Road, Amuwo Odofin, Adeola Odeku, Victoria Island and Warehouse Road, Apapa. Addressing guests at the event, Joe... Read More
by Roqeebah Olaoniye Emir of Kano and former Central Bank Governor, Sanusi Lamido Sanusi, yesterday distinguished himself from the bunch. Yet again. We gave you The Thread HERE. However you choose to feel about him, you’ll have to admit that the man is worth listening to. So to get your day going, we compiled 5 of... Read More
Tobi Sax may not be known by many Nigerians but on June 22, 2016, Tobi proved to the world that Autism is not a disease or limitation as she thrilled fans with her ability to play the piano in a very uncanny manner. More than 500 children in Lagos and Ogun States were attended to... Read More
The noose seems to be tightening around Governor Ayodele Fayose of Ekiti state as a bullion van driver, Olaoluwa Omotoso, has reportedly confessed to the Economic and Financial Crime Commission that he drove N1.219 billion to the governor during the build-up to the 2014 election in the state. The said money is believed to have... Read More
Following rumours making the round on social media platforms that some banks in Nigeria were facing distress, the Central Bank of Nigeria, on Wednesday, decried the reports as unfounded and untrue. The apex bank made this known in a statement signed by Isaac Okorafor, Ag. Director, Corporate Communications. The CBN said the appointment of a new board and... Read More
Governor of the Central Bank of Nigeria, Godwin Emefiele, on Monday, said that the apex bank is not interfering in the recently introduced foreign exchange regime, with claims that the prices are determined by market forces. The CBN governor stated this while speaking at a press conference in Lagos. He noted that it was necessary to... Read More
By Jubril Gawat The Treasury Single Account (TSA) policy of the federal government partiallycommenced in February 2015under theadministration of ex-president Goodluck Jonathan. It was however theMohammadu Buhari-led administration that began its full implementation in September 2015, with the presidential directive to all Ministries, Departments and Agencies (MDA) of the federal government. 16 months afterkick-off, the... Read More
By Babajide Ajidagba One of the often used words by President Buhari, Vice President Osinbajo and others on their team during the last general election and the year since is “economic diversification”. The Presidency believes our economy isn’t diversified and aims to cure Nigeria’s overdependence on the oil and gas sector. Periodic economic data released by... Read More
After more than a year of trying to control the Nigerian currency, the Central Bank of Nigeria (CBN) has finally hands off the Naira to allow market forces to determine the true value of the currency. This was made known by the governor of the apex bank, Godwin Emefiele, during a press conference in Abuja,... Read More
The Central Bank of Nigeria, on Tuesday, announced that it will release a new Foreign Exchange (FOREX) guideline on Wednesday, June 15. The bank made the announcement on Tuesday, through its Twitter account. The CBN had tweeted: #CBN set to release new Guidelines on flexibility in the Foreign Exchange Market structure on Wednesday, June 15, 2016... Read More
The Chief Executive Officer and Managing Director of Guaranty Trust Bank PLC, Segun Agbaje, has been named as the 2016 African Banker of the year at the 2016 African Banker Awards, which took place at the Africa Development Bank’s annual meeting on 25th May, 2016 in Lusaka, Zambia. The award is aimed at recognizing achievements... Read More
Robbers clad in military uniforms engaged the police in a gun battle, during the raid of three banks on 4th avenue in Festac town on Tuesday morning. The shootout between the police and the robbers lasted for over an hour, and one person is reportedly dead from the attack. Eyewitnesses took to Twitter to share... Read More
In an effort to curtail the value of naira, affecting existing withdrawal limits on Automatic Teller Machines (ATMs) and foreign transactions on all existing Naira debit cards (ATM cards), withdrawals limit on ATM has been further reduced. In the new arrangement, all ATMs that were previously enabled for domestic and foreign transactions have been restructured... Read More
I’m not out to advise anyone on how to steal but if I have the privilege to steal that huge amount of money, nobody is ever going to catch me. Justice Ibrahim Mairiga of the Kebbi State High Court has convicted three men on a 16-count charge bordering on conspiracy, forgery, and theft brought against... Read More
Well banks do make people, (irrespective of who you are), go crazy. Popular actress, Gloria Young, is one of the many people who have lost it while demanding that her bank retracts a debited fund. The iconic actress was recently spotted at a bank where she caused a scene that definitely wasn’t in a movie. The... Read More
by Akan Ido A Lagos businessman who allegedly diverted N3.8billion loan secured from an old generation bank has been arrested by the Economic and Financial Crimes Commission, EFCC. Samuel Joseph Managing Director of Vegefresh Company Limited, Rhema Doormart West Africa Limited, and Plywood and Chemicals Accessories was picked up this morning by operatives of the... Read More
by Akan Ido Thirteen people have reportedly died in the twin explosion which hit a commercial bank in Azare, Katagum Local Government Area of Bauchi State. The explosion occurred around 9am on Friday morning as customers queued up before the Automated Teller Machine (ATM) trying to withdraw money. There are presently no official confirmation of the casualty... Read More
by Iyobosa Omorogie The daughter of the former Military Governor of Kano State, Brigadier Dominic Oneya was reportedly killed by gunmen yesterday at the JW Junction on Ovie Palace Road, Effurun, Delta State. The woman identified as Frances Oneya was said to have been killed by men believed to be armed robbers while on her way... Read More
by Azubuike Azikiwe The Economic and Financial Crimes commission (EFCC), has declared wanted an IT staff of a new generation bank, which they did not name, for allegedly defrauding the bank of N6.28 billion. In a press release on its website, the EFCC said that the suspect, Godswill Onyegwa Uyoyou, was an IT staff of the bank... Read More
by Jewel Stephen Union Bank of Nigeria Plc has launched the Back-to-School MoneyGram campaign which will run through the end of September 2014. As the new academic year approaches, the promotion allows parents and guardians to send and receive money for school fees and other school related expenses through MoneyGram transfers from Nigeria or abroad.... Read More
by James Sambo Three bankers, Ejiro Eborikpo, Nina Stephen and Samson Nwodo have been arrested by the Economic and Financial Crimes Commission (EFCC) in Kano for conspiracy to steal the sum of N5,100,000 from a customer’s account. The suspects, all staff of the Zoo Road Branch of First Bank Plc were accused of conspiring to issue... Read More
by Tunji Andrews The direct implication on the bank customer, who is already being charged for over the counter withdrawals below N20,000, is that he may have to hold on to more cash to avoid having to seek out ATMs. Customers, are however advised to stick to ATMs of their banks if they seek to... Read More
by Grace Efezokhae And so to every one of us that has been the fapper all along, like you and I, It’s high time we stopped the fapping of biros. I don’t think there is anyone on earth that has not fapped a biro or had his/her biro fapped. It’s like a norm. Back then in primary and secondary school,... Read More
by S’ola Filani Suspected internet fraudsters have reportedly hacked into Ogun State-owned mortgage bank, Gateway Savings and Loans Limited, stealing millions of Naira. Reports say men of the Ogun State Police Command are currently investigating the multi-million Naira fraud. The said fraud prompted a team of armed mobile policemen to visit the... Read More
by Femi Aribisala Don’t be deceived: money is never the true cost of a thing. Money is not a currency of the kingdom of God. The kingdom currency is righteousness. The cost of your car is not how much money you paid for it. The cost is how much righteousness you had to forsake in... Read More