Business

The advent of technology that seems to have reshaped the nation’s banking sector in the quest to meet up with its peers all over the world has created issues and has always made it easy for money belonging to customers disappears from their accounts.   In the past all the banks had to do was to lock up the funds ...

Foremost financial institution, Access bank Plc. in collaboration with four indigenous edtech companies have channeled efforts and resources towards promoting and inspiring STEAM education among youngsters. STEAM which stands for Science, Technology, Engineering, Arts and Mathematics education, provides essential 21st-century knowledge to equip students with future-ready skills for innovative and tech-driven workforce. The bank’s commitment to this cause was further ...

FirstBank of Nigeria Limited has announced its commemoration of the 2022 International Youth Day, globally celebrated today, 12 August 2022, and themed “Intergenerational solidarity: Creating a World for All Ages.” The International Youth Day is commemorated every year on 12 August, bringing youth issues to the attention of the international community and celebrating the potential of youth as partners in ...

Our attention has been drawn to the news reports online with the conflicting claims that FirstBank branch or/head office has been sealed.   Please be informed that the referenced story is a misrepresentation of the facts and misleading. Neither our branch nor head office was sealed. On the 4th of August, 2022, there was unlawful enforcement at the Bank’s Coomassie ...

The Police Special Fraud Unit, PSFU, Ikoyi, Lagos State, Nigeria, has arraigned a medical drugs supplier, Makinde Olufemi Abiodun, before a Federal High Court sitting in Ikoyi, over alleged N35 million Local Purchase Order (LPO) fraud. Besides, Makinde was also charged by the Police for the issuance of dud cheques. Makinde was arraigned before Justice Nicholas Oweibo on two counts ...

Keystone Bank Limited, one of Nigeria’s leading retail lenders, has launched a special savings account for business owners tagged: ‘Keystone Apprentice Settlement Savings Account.’ According to the bank, the new account also known as ‘Oga Account’ which was formally launched on Wednesday, in Lagos, is ‘aimed at meeting the needs of its customers across Nigeria involved in the apprenticeship system. ...

Despite claims by the Central Bank of Nigeria Governor, Mr Godwin Emefiele, that the crisis being experienced by the Naira was due to non-remittances by the Nigerian National Petroleum Company Ltd, fresh facts revealed that the national oil company actually remitted a whopping sum of $2.7bn into its account with the apex bank during the first six months of this ...

The naira last week depreciated to an all-time low of N730 to a US dollar at the parallel market. The National Youth Council of Nigeria (NYCN) has blamed the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele’s poor economic management policies for the recent depreciation of the naira against the United States dollar. The naira last week depreciated to ...

As part of its talent cultivation strategy, Huawei Technologies (Nigeria) Limited is set to host a job fair for Nigerian youths. The job fair, scheduled to hold on the 3rd of August, 2022 at the International Conference Centre, Abuja is intended to attract, qualified candidates for job opportunities in IP technologies, Information Technologies, Channel management, Programming, Data Engineering, Account Management, ...

The African Development Bank (AfDB) Group, has said that its financial sector portfolio in Nigeria is currently valued at $1.3 billion of which the figure represents 30% of the bank’s portfolio. This was made known by the Director-General, Nigeria Country department of AFDB, Mr. Kanin Barrow on Monday in Abuja at the signing of a $460,000 agreement with the Securities ...