Business

Risevest, Nigeria-based dollar investment fintech, has recommended that its founder and Chief Executive Officer, step down from his role due to an ongoing investigation into allegations of sexual and non-sexual impropriety. A statement from the company said the allegations range from abuse of power to sexual impropriety. The statement read, …

Ude DataPro, the tech-driven credit rating agency, has affirmed NOVA Merchant Bank Limited’s Long-Term rating of A+ and short-Term ratings of A1 with Stable Outlook. The rating agency explained that the bank was rated as a result of its good financial strength, operating performance and business profile when compared to …

UBA, MFS Africa Africa’s Global Bank, the United Bank for Africa (UBA) Plc and MFS Africa, Africa’s largest digital payments hub, have announced a partnership that will see both institutions offer innovative and timely solutions to a wide range of customers, especially in the area of Remittances, Electronic Money Services, …

#image_title A fresh crisis is currently brewing in the the National Insurance Commission, NAICOM, over the acquisition of an uncompleted new office complex in Abuja. It was gathered that the management of the commission led by Thomas Olorundare Sunday, the Commissioner For Insurance/CEO, may have deceived President Muhammadu Buhari and …

Nneka Onyeali-Ikpe, Fidelity Bank CEO Fidelity Bank Plc has said it entered a binding agreement to acquire a 100 percent equity stake in Union Bank UK Plc. The bank said this in a corporate filing on the Nigerian Exchange Limited (NGX) signed by Ezinwa Unuigboje, the company secretary. According to …

…To employ 30,000 youths in Nasarawa   Management of Dangote Sugar Refinery Plc has resolved to significantly reduce the importation of sugar into the country by 40 percent, thus paving the way for the employment of over 30,000 youths. President of Dangote Group, Aliko Dangote explained recently in a chat …

With the emergence of tech firms in Nigeria, the redefinition of the face of retail business is holding sway as more value is being added to this sector. Before now many retailers had no option of  making orders for stock online and getting their goods delivered for free at their …

A Federal High Court in Lagos has exposed Walter Akpani led Providus Bank fraudulently transferred several millions from his account. We understands that The Federal High Court in Lagos ordered Providus Bank to transfer back the remaining balance of N329,454,650.28 alleged to have been fraudulently transferred from the account of one …

  Leading innovative financial institution, Wema Bank, is keeping its promise to make this year as exciting as possible for its customers as it recently rewarded 77 of them at the live draw of its ongoing ALAT 545 promo which took place in Abuja on August 12, 2022. The Promo …

  Report reaching us has indicated that there is big trouble in Union Bank of Nigeria Plc as top staff of the bank allegedly colluded with five-man fraud syndicates to defraud the bank a sum of N1, 626, 139, 795, 12 billion depositors’ money. According to a report published by …