Bank’s
16 Oct 2023
Experts have stressed the need for banks to accelerate investment in technology and step up innovations to enhance cost efficiency. The experts spoke at the official launch of Proshare Impact Report on Nigeria’s banking sector titled: ‘Reassessing Tier 1 Banks – the Class of 2023,’ in Lagos at the weekend. They maintained that for banks…
16 Oct 2023
Telecommunications operators have not foreclosed legal action in compelling Deposit Money Banks (DMBs) to pay the lingering N120 billion Unstructured Supplementary Service Data (USSD) debt owed them. The impasse, which has lasted for about four years, is brewing a rift between the telecoms sector and financial industry. Speaking with journalists in Lagos at the weekend,…
10 Oct 2023
• Sterling Bank, UBA, Accesscorp gain 150%, 126%, 93% respectively • Operators see robust final dividend payout in full year The Nigerian Exchange Limited (NGX) banking index appreciated by 61.9 per cent in nine months (Year-To -Date), surpassing the overall All-share index that measures the performance of listed firms, data from the exchange has revealed.…
19 Jul 2023
Rising cases of cybercrime in the banking industry is becoming a big headache to bankers, customers and law enforcement agencies in the country. With so many people highly skilled in hacking techniques desperate for quick wealth, cybercrime may soon be the biggest danger to banks and their customers. As we all know, cybercrime is a criminal activity that either targets or uses a computer or a computer network.
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33 mins ago
Vietnam's top soft drinks tycoon was jailed for eight years on Thursday in a $40 million fraud case, the latest high-profile business figure snared in the country's sweeping crackdown on corruption.
49 mins ago
The Lagos State Ministry of Education is investigating the Indian Language School in Ilupeju accused of denying Nigerians admission. The move to carry out the investigation was a result of a post made by an X user @decommonroom who shared his experience with the school. “The Indian school in Ilupeju only admits Indians. You need…
1 hour ago
The Oyo State Police Command has announced that it is investigating a shooting incident that occurred in the early hours of Monday, April 22nd, at a popular nightclub along the "Under G" area of Owode-Ogbomoso. The police, in a statement on Thursday, said the shooting incident claimed the life of one Iyanda Damilola. A distress…
1 hour ago
Four scam victims in Japan sued Facebook on Thursday after being hoodwinked by fraudulent online investment ads that used images of celebrities without their consent, their lawyer said.
1 hour ago
US Secretary of State Antony Blinken called Thursday on the United States and China to manage their differences "responsibly" as he landed in Beijing for tough talks with the rival power's leaders.
1 hour ago
Authorities have confirmed the escape of 118 inmates from the Suleja Medium Security Custodial Centre, Niger state, following a heavy downpour that wreaked havoc on the facility, Wednesday night. The rain which lasted hours was said to have destroyed part of the main facility and the perimeter fence giving way for the inmates to escape.…
1 hour ago
A yet-to-be-identified elderly passenger has passed away in a commercial bus while travelling along the Ogbomoso-Ilorin expressway in Kwara State. Eyewitnesses said the deceased was believed to be in his late 60s. The incident, which left fellow passengers in shock, reportedly occurred after the bus experienced mechanical problems near Ote town. According to Abeni Okin,…
1 hour ago
A Nigeria woman, Clara Chizoba Kronborg, has broken the Guinness World Record (GWR) for the longest interviewing marathon. Kronborg who is a social media entrepreneur broke the world record with a time of 55 hours and 24 seconds, according to GWR. Kronborg in setting a new record smashed the previous one which was 37 hours…
1 hour ago
Gunmen suspected to be terrorists have killed two people, including the chairman of the All Progressive Congress (APC) for Mai Dabino community in Danmusa Local Government Area of Katsina State, Saidu Basa. The incident occurred on Wednesday afternoon at about 3:30 pm, along the road leading from Mai Dabino to Danmusa. It was learnt that…
2 hours ago
A former Director-General of the Bureau of Public Service Reforms, Dr. Joe Abah, has narrated how an air crash was averted in Lagos on Friday. Abah, who made this disclosure in a post on his X handle, said he boarded a 7:00 am Ibom Air flight in Lagos, heading to Abuja. The flight also had…