Business

EFCC grills Sterling Bank CEO, Abubakar Suleiman, over N20bn ‘Kogi fund’ Sterling Bank CEO, Abubakar Suleiman The Economic and Financial Crimes Commission, EFCC, has grilled Abubakar Suleiman, the chief executive officer of Sterling Bank Plc and two other top officials of the lender over the controversial ‘hidden’ N20 billion said …

AIM Consultants Limited and its managing director, Amin Moussalli, have been sanctioned by the World Bank for alleged corrupt practices. The firm, which was involved in the Nigeria Erosion and Watershed Management Project, was sanctioned for 52 months for improper payment of N12.95m to certain projects officials. This was contained in …

Union Bank of Nigeria, one of the oldest banks in the country with an international banking authorisation, has said it will be seeking shareholders’ approval to spin off its United Kingdom (UK) subsidiary to shareholders. The bank will meet shareholders in March, 2022, at an Extraordinary General Meeting (EGM) in …

Leading financial institution, Fidelity Bank has reiterated its commitment to enriching the lives of its customers as it announced the third set of 10 millionaires in its Get Alert in Millions season 5 (GAIM 5) promo. The third monthly draw of the campaign which held in Victoria Island, Lagos on …

Iya Beji is a popular retail trader on the mainland axis of Lagos, Africa’s most populous city. Whenever she went to get new supplies from the market the whole neighbourhood would be aware-she usually would ask the young men in the area to help offload and carry her goods to …

Arguably the largest financial service provider in Nigeria and Anglophone West Africa, Zenith Bank has introduced a new and unique way of ‘Banking the EaZy Way with the Zenith Bank QR Service.’ The new innovation by the tier one bank, will enable customers and prospective customers to among other things; …

At the 5th edition of TechSummit Ogun State, an Information Technology Expert, Olaniyi Ayoola, said Nigeria is still scratching the surface as regards the immense economic opportunities technology offers. “As a nation, we are yet to take advantage of technology to improve and grow the GDP, considering the rate at …

Fidelity Bank Plc, a leading Nigerian bank, has reaffirmed its commitment to actively support the Central Bank of Nigeria’s (CBN) efforts to achieve its goal of $200 billion in Foreign Exchange (FX) repatriation from non-oil exports over the next five years. The Executive Director, Northern Businesses, Fidelity Bank Plc, Hassan …

As part of its commitment to youth development, Stanbic IBTC Holdings PLC, a member of Standard Bank, has concluded plans to sponsor Africa NXT, formerly known as Social Media Week. In recent years, experts and youths in the business, creative and tech spaces across Africa and the diaspora had convened …

In the recent decade, the internet has significantly impacted the Nigerian business environment. Almost every household in major Nigerian cities has someone running a successful internet-based business. The ever-increasing volume of e-commerce activities attests to the widespread impact. Thousands of retail businesses would not exist today if it weren’t for …