Nnorom to take over from Elumelu as UBA chairman
Tony Elumelu will retire as Group Chairman of United Bank for Africa (UBA) Plc on August 21, having completed the 12-year tenure limit set by the Central Bank of Nigeria (CBN) for non-executive directors of banks. The bank’s board, at…
We Will Not Bow to Terrorists’ — Tinubu Reacts to Major-General Abubakar’s Death
President Bola Ahmed Tinubu has declared that the Federal Government will not bow to terrorists’ demands following the death of retired Major-General Rabe Abubakar in captivity.Abubakar, a former Director of Defence Information, was abducted alongside his wife while travelling to…
Otti, LP reject Abure’s 2027 nomination forms sale
A fresh power tussle has erupted in the Labour Party as Abia State Governor, Alex Otti, and the party’s national leadership clash with embattled former National Chairman, Julius Abure, over sales of nomination forms ahead of the 2027 general elections….
Nigeria Cannot Borrow Its Way To Development – Finance Minister
The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, has said Nigeria could no longer rely mainly on borrowing to fund development, warning that the country must build a sustainable fiscal system capable of supporting critical sectors…
CBN: Tackling inflation with monetary policy tools, structural reforms
The steep decline in Nigeria’s inflation rate from 34.8 per cent as of December 2024 to 15.15 percent last December was largely driven by the monetary policy easing and positive outcome of key reforms instituted by the Central Bank of…
Fidelity Bank Shares Fall Massively As AMCON Offloads Over 1 Billion Units
Fidelity Bank’s failure to proactively communicate about the transaction smacks of opacity, raising concerns about governance, transparency, and potential financial liabilities lurking beneath the surface Fidelity Bank Shares has fallen massively as AMCON quietly offloaded over 1 billion units on…
UBA Unveils Upgraded PoS Terminal, Revamped MONI App to Accelerate Digital Payments, Empower Businesses Across Africa
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and empowering small and Medium Scale Enterprises across…
Sterling Bank stops transfer fees on online transactions 2nd April 2025
Sterling Bank has announced the removal of transfer fees on all local online transactions, becoming the first major Nigerian bank to eliminate the contentious charges for digital banking. The move was confirmed by the bank on Tuesday in a press…
Heritage Bank liquidation: NDIC to commence dividend payments April
The Nigeria Deposit Insurance Corporation (NDIC) says it will declare the first tranche of liquidation dividends from Heritage Bank’s asset realisation in April. According to NDIC, it will thereafter begin payment to uninsured depositors of the bank. A statement issued…
Asian Banker Awards: FirstBank Maintains Dominance In SME Banking Across Nigeria, Africa
Some of the Bank’s Tailored Financial Solutions include customised loans and flexible credit facilities to cater to SMEs at various growth stages. Through a legacy of excellence and Innovation, First Bank of Nigeria Limited, the country’s oldest and most distinguished…