Alleged N23bn fraud rocks MTN’s MoMo PSB, one month after launch Momo Payment Service Bank Limited (MPSBL), the banking subsidiary of MTN Nigeria Communications Plc, is currently enmeshed in an alleged N23 billion fraud scandal, one month after the launch of the platform. The mobile money banking firm has urged …

  Our attention has been drawn to recent reports of members of the public receiving text messages with account numbers. We implore members of the public that, as a financial institution, Wema Bank takes issues around data integrity and breaches seriously, and we are currently investigating the reports. Recently, we …

Sterling Bank CEO, Abubakar Suleiman Abubakar Suleiman, managing director of Sterling Bank and three other executive directors at the financial institution, Raheem Owodeyi, Tunde Adeola and Yemi Odubiyi engaged in share dealings last week. The four top executives traded about N42.36 million worth of shares, on the heels of the …

Peter Obi Mr. Peter Obi, former Anambra State governor and presidential candidate of the Labour Party (LP), says he has nothing to do with the recent exaggeration of Anambra state’s investment in SABMiller. Obi said this in a letter to Chukwuma Soludo, governor of Anambra state, on Thursday, through his …

By David Royal Barely 24 hours after some Nigerians and his supporters on Twitter celebrated Ike Ekweremadu’s arrest by the Metropolitan Police in the United Kingdom, Peter Obi has prayed for the family of Ekweremadu and the quick healing of their daughter. Vanguard reports that the former Deputy Senate President …

Following the data from the National Bureau of Statistics as well as the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), that Micro and Small Medium Enterprises (MSMEs) account for about 96 percent of registered Nigerian businesses that employs about 75% of the national labour force, and contributes about …

ASABA — A aspirant in the just concluded State House of Assembly primaries for the Bomadi constituency Mr. Pius Labo has said that Governor Ifeanyi Okowa of Delta State’s epitome of good governance over seven and half years has paved ways for him to bring to bear his expertise in …

The informal retail space in Nigeria has one of the lowest entry barriers. Most people who are into ‘hustling’ – street parlance for those chasing extra income – play in this space. Characteristically, the majority of informal retail businesses are largely unstructured despite their huge potential. Nigeria’s informal retail business …

National Assembly members, who failed to win their parties’ tickets for the 2023 elections, are set for a showdown with state governors and their aides. Findings by our correspondents showed that in states such as Benue, Kebbi,  Zamfara, Delta, Ekiti and Ogun, governors or their loyalists defeated incumbent Senators and …

Since his appointment as MD/CEO of First Bank of Nigeria Limited in 2016, Dr. Adesola Adeduntan has completely transformed the financial institution and has made it attractive to every strata of the society. From an institution that used to be perceived as an old-generation bank, FirstBank is now a darling …