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Jitters Among Workers As Polaris Bank Takes Off.
With fear of job loss in the immediate future, workers of the defunct Skye Bank Monday agreed to transfer their employments to the new Bridge bank, marking the first phase in the transition and integration processes into the new Polaris…
FG Finalising Court Charges Against MTN, Banks, Others In $8.134Bn Repatriation.
As the dusts raised by the N5.87 billion sanction meted by the Central Bank of Nigeria (CBN) to the four Nigerian banks over the illegal repatriation of $8.134billion is yet to settle down, the Nigerian government is finalizing court action…
University Of Ibadan Names Conference Centre After Otunba Subomi Balogun
The University of Ibadan (UI), Nigeria’s premier tertiary institution, has again honoured the Founder of FCMB Group, Otunba (Dr.) Michael Olasubomi Balogun by naming its modern and multi-purpose conference centre after him. On Thursday,…
$8.134Bn Repatriation: CBN Letter To MTN
Download Document Below:
CBN Letter To MTN
Finally, CBN Slams N5.87Bn Sanctions On Standard-Chartered Bank, 3 Others Over MTN Illegal…
…Standard Chartered – N2.4 bn
…Stanbic IBTC – N1.8 bn
…Citibank – N1.2 bn
…Diamond Bank – N0.25 bn
…writes MTN to refund $8 billion
The axe of the Central Bank of Nigeria (CBN) has finally fallen on…
Seven Banks Rake N192.07bn From Fees, Commissions On Transactions In 6 Months
…as 6 Get N24.2bn From Account Maintenance
By ADEBISI ADEMOLA.
With reduced income from treasury bills owing to federal government’s option for cheaper sources to fund its expenditure, banks seem to be looking to other sources to…
Unperturbed Construction Sector Creates Activities For N657.9Bn Cement Sales In 6 Months.
At a period when other sectors are struggling owing to the battered economy, construction industry seems unperturbed as activities therein are on the upswing, creating N657.9 billion earnings for three cement companies in the first six…
FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen Inclusiveness
FCMB Bank (UK) Limited, an independently incorporated subsidiary of First City Monument Bank Limited (which is a member of FCMB Group Plc), has introduced its Personal and Business banking proposition in London, United Kingdom and Lagos,…
Police, Judiciary Top Bribe Collecting FG’s Agencies, NBS Report Says
By ADEBISI ADEMOLA.
A report by National Bureau of Statistics (NBS) has said Police personnel, followed by the judiciary are top federal government agencies that are prone to bribe collection in Nigeria.
NBS is the main federal government…
Under Dozie, Diamond Bank Bad Loans Hit N119.98bn.
By ADEBISI ADEMOLA
With its bad loans standing at N119.98 billion at the end of 2017, Diamond Bank Plc has gradually built up N77.48 billion bad loans in the three years of the present Group Managing Director, Uzoma Dozie.
Growing from…