Sunday, October 19, 2025

 

Banking

Alleged N8.6bn Theft: Court Refuses To Grant Bail To WEMA Bank Staff 

The Lagos Special Offences Court, sitting in Ikeja, on Monday refused to grant the bail application filed by one Samuel Ihechukwu Asiegbu , a staff of WEMA Bank Plc, currently facing  trial for allegedly swindling the bank to the...

Union Bank Of Nigeria, Titan Trust Bank Complete Merger 

MD/CEO, Union Bank, Mrs. Yetunde Oni       Union Bank of Nigeria, one of the nation’s longest-standing financial institutions, today announced the successful completion of its merger with Titan Trust Bank Limited, following final approval from the Central Bank of Nigeria (CBN). This...

Trump Orders Removal Of Federal Reserve Governor

Lisa Cook US President Donald Trump has said he will immediately remove Federal Reserve official Lisa Cook from her position, in a major escalation in his battle against the US central bank. He said there was "sufficient reason" to believe Cook...

Fidelity Bank Creates 20 New Millionaires In GAIM 6 Promo, Disburses N85.4m As  Prizes

Fidelity Bank Plc has reaffirmed its commitment to financial empowerment and promoting a savings culture with the emergence of 20 new millionaires in the seventh and eighth monthly draws of its Get Alert in Millions (GAIM) Season 6 Savings...

Court Strikes Out Charge Against Oba Otudeko As EFCC Withdraws Case

Oba Otudeko Justice Chukwujekwu Aneke of the Federal High Court, Ikoyi, on Wednesday struck out the N12.3 billion charge filed by the Economic and Financial Crimes Commission (EFCC) against the Chairman of Honeywell Group, Dr. Oba Otudeko, and three others. The...

Foremost Capital Surpasses N60bn In Assets Within 6 Months

Mr Emmanuel Akehomen  Foremost Capital Limited, one of the SEC-licensed asset management companies, has recorded a major feat with its Assets Under Management (AUM) surpassing N60 billion within six months of operations. The company’s Managing Director, Mr Emmanuel Akehomen, said this...

Police Re-Arraign Six Employees   For  Defrauding Sterling  Bank Of  N1.2billion

Justice Ambrose Lewis- Alagoa of the Federal High Court, Lagos on Friday adjourned till 18th of July, 2025  the trial of six employees  of Sterling Bank Plc for defrauding the bank to the tune of  N1,257,536,572.50.  The trial judge  adjourned...

Premium Trust Bank Staff Testifies on $7,000 Bribe Offer Over Server Access

  A prosecution witness, Mr. Ajayi Michael Folaseye, on Monday told a Federal High Court in Lagos how he rejected a $7,000 bribe allegedly offered by a colleague seeking unauthorized access to Premium Trust Bank’s internal systems. Ajayi, the first prosecution...

TAJBank Pays 3rd Dividend In 5 Years, As Total Assets Grow By 84 Percent

Mr Hamid Joda TAJBank Limited, Nigeria’s fastest growing non-interest bank, has sustained its record-breaking feat in the  nation’s banking history with the payment of 20 kobo per share dividend to its shareholders at the end of financial year (FY) 2024. TAJBank’s...

EFCC Arraigns Man Over Alleged N5bn Fraud

The Economic and Financial Crimes Commission on Thursday arraigned one Ibrahim Abubakar before the Federal High Court in Lagos over an alleged N5 bn fraud. Abubakar, who was arraigned before Justice Alexander Owoeye, is facing two-count charges bordering on conspiracy...
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Latest News

Gateway Airport: Value Jet Begins Lifting Passengers October 7

Excitement is in the air as Value Jet Airlines is scheduled to begin two flights per week on Tuesdays...
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Court Continues Trial of FAAN Staff, Edet Godwin Mathew Over Drug Charges

Justice Dehinde Dipeolu of the Federal High Court, Lagos on Thursday continue with the trial of a Senior Aviation Security Officer with the Federal...

Police Arraign 31 Years Old Man Over Cybercrime 

Police Arraign 31 Years Old Man Over Cybercrime Justice. Ibrahim  Kala of the Federal High Court, Lagos yesterday ordered the  remand of  a 31 years...

Nigeria’s Health Financing: Lessons From Canada’s $32.5bn Tobacco Settlement

  Nigeria’s Health Financing: Lessons From Canada’s $32.5bn Tobacco Settlement   By Robert Egbe     Nigeria’s decision to earmark SIN taxes – levies on alcohol, tobacco, and sugary drinks...

Taiwanese Global Tech Giant Eyes Ogun For Investment Opportunities

  A Taiwanese multinational conglomerate and global tech giant, Foxconn has expressed interest in setting up its manufacturing plant in Ogun State. AVP, Corporate BD Chairman...