Business

By Adedoyin Giwa Job cuts, layoffs, wage cuts, and employee redundancy have continued to exacerbate as the coronavirus (COVID-19) pandemic and its resultant global economic recession continue to take its damaging toll on our socio-economic life, the economy and every other human activity across countries. According to the recent update …

L-R: Ibrahim Magu, FCMB CEO, Nuru and Pastor Omale Prophet Emmanuel Omale, the general overseer of Divine Hand of God Prophetic Ministry, has sued embattled First City Monument Bank (FCMB) and its managing director, Adam Nuru for N5 billion, before the High Court of the Federal Capital Territory Abuja. In the suit …

FCMB CEO, Adam Nuru The Economic and Financial Crimes Commission (EFCC), on Friday, arraigned seven suspects before an Ikeja Special Offences Court, Lagos, for allegedly hacking into the computer database of First City Monument Bank (FCMB) and transferring over N900 million belonging to customers of the bank into an unknown account. Reports …

By Ayomide Oriade Covid-19 pandemic has left the world in dire straits by causing a recession from which global economies will have to wait till 2022 for recovery. The World Bank 2020 Global Economic Prospect, June 2020, forecast that the pandemic will plunge all countries into the worst recession in …

  Mrs. Ibukun Awosika, Chairman, First Bank of Nigeria Limited has made her debut in a movie produced by award-winning, and proudly Nigerian movie producer, Kunle Afolayan. The movie, Citation, is created to correct one of the greatest ills – rape and sexual molestation – which affect the educational system and indeed …

As part of its further response to deal with the global economic challenge occasioned by COVID-19, Heritage Bank Plc has reiterated commitment to deepen its support to young entrepreneurs in Nigeria to grow their businesses either as start-ups or prospective business owners. This, the bank said, is in line with …

Increases prize money by over 33%  UBA Foundation, the corporate social responsibility arm of the United Bank for Africa (UBA) Plc, has today commenced the 2020 edition of its annual National Essay Competition in Nigeria with a call for entries. Now in its tenth year, the National Essay Competition (NEC) …

Lagos, Nigeria – August 28, 2020: As part of strategies for promoting national peace and security, the United Nations Women has called for women’s inclusion in national peacebuilding processes to check the rate of insecurity in Nigeria. Speaking at the seventh Lagos Public Relations Stakeholders’ Conference, a web edition, themed: …

Unity Bank CEO, Tomi Somefun LAGOS. 17.04.2021. Unity Bank Plc grew its assets base to N492.02billion representing a significant increase of 67.90% from the N293.05 billion of total assets value recorded in 2019. This is even as the agric-focused lender declared gross earnings of N42.71 billion within the period under …

  Innocent Ike Innocent C. Ike has been appointed as the acting managing director of Polaris Bank Limited. Ike’s appointment was announced by the bank’s board in a statement on Saturday. He will succeed Tokunbo Abiru, who recently retired from the bank after he was nominated by the All Progressives Congress (APC) …