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By Ken Afor Prince Afolabi Ghandi Olaoye, a former pastor at the Redeemed Christian Church of God (RCCG) in the United States, has reportedly arrived Ogbomoso, Oyo State, for his coronation as the new Soun of Ogbomoso land. Last week Saturday, Governor Seyi Makinde of Oyo State had congratulated Prince Olaoye as the Soun-elect. "His…
September 8, 2023
Zenith Bank Plc has announced its unaudited results for the first quarter ending 31 March, 2023, with an exceptional double-digit growth of 41% in Gross Earnings, increasing from ₦191.5 billion in Q1 2022 to ₦270 billion in Q1 2023. The unaudited statement of account submitted to the Nigerian Exchange (NGX) on Friday, 28 April, 2023,…
April 29, 2023
The Central Bank of Nigeria (CBN), on Thursday has issued a directive to financial institutions across the country to commence paying customers the new Naira notes Over The Counter (OTC). This was contained in a statement issued by the CBN's Director of Corporate Communication, Osita Nwanisobi. According to the statement, the CBN governor, Godwin Emefiele…
February 2, 2023
LOTUS Bank Limited, a Nigeria’s Non-Interest Bank (NIB), has won the Leadership Newspaper Bank of the Year 2022 award. The award was pronounced and presented at the just concluded 14th LEADERSHIP Conference and Awards held at the International Conference Centre, Abuja. The event had over the years become a barometer for measuring excellence in both…
February 2, 2023
The Supreme Court has backtracked on its earlier ruling which dismissed Guaranty Trust Bank’s (GTB) appeal against a N2.4 billion judgment in favour of Innoson Motors Nigeria Limited. The apex court set aside the ruling, while delivering a judgment in an application by GTB seeking the re-listing of the appeal on the grounds that it…
January 17, 2022
A Federal High Court, Abuja, on Monday, convicted and sentenced Abdulrasheed Maina, Chairman, defunct Pension Reformed Task Team (PRTT), to 8 years imprisonment. Justice Okon Abang, in his judgment, held that the Economic and Financial Crimes Commission (EFCC) had proven the essential ingredients of all the 12 counts preferred against Maina beyond reasonable doubt in…
November 9, 2021
Two leading telecommunications giants, MTN Nigeria and Airtel have finally been given approval-in-principle by the Central Bank of Nigeria (CBN) to commence banking business in Nigeria. However, the approval is likely to come with dire consequences for financial institutions in the country, The New Diplomat has learnt. Checks by The New Diplomat revealed that the…
November 5, 2021
Less than two days after its launch by the Central Bank of Nigeria (CBN), the eNaira application has been removed from Google Play Store after series of complaints by users. The digital currency has two applications, which are eNaira speed wallet and eNaira merchant wallet. They were rolled out on the Google play store and…
October 28, 2021
Nigerians have continued to react as the Naira sold between N572 and N575 to a $1 at the parallel market despite the suspension of the activities of AbokiFX. AbokiFX, a website that collates black market exchange rates in Nigeria, had suspended activities following allegations by the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele…
September 20, 2021
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By Ken Afor Prince Afolabi Ghandi Olaoye, a former pastor at the Redeemed Christian Church of God (RCCG) in the United States, has reportedly arrived Ogbomoso, Oyo State, for his coronation as the new Soun of Ogbomoso land. Last week Saturday, Governor Seyi Makinde of Oyo State had congratulated Prince Olaoye as the Soun-elect. "His…
September 8, 2023
Zenith Bank Plc has announced its unaudited results for the first quarter ending 31 March, 2023, with an exceptional double-digit growth of 41% in Gross Earnings, increasing from ₦191.5 billion in Q1 2022 to ₦270 billion in Q1 2023. The unaudited statement of account submitted to the Nigerian Exchange (NGX) on Friday, 28 April, 2023,…
April 29, 2023
The Central Bank of Nigeria (CBN), on Thursday has issued a directive to financial institutions across the country to commence paying customers the new Naira notes Over The Counter (OTC). This was contained in a statement issued by the CBN's Director of Corporate Communication, Osita Nwanisobi. According to the statement, the CBN governor, Godwin Emefiele…
February 2, 2023
LOTUS Bank Limited, a Nigeria’s Non-Interest Bank (NIB), has won the Leadership Newspaper Bank of the Year 2022 award. The award was pronounced and presented at the just concluded 14th LEADERSHIP Conference and Awards held at the International Conference Centre, Abuja. The event had over the years become a barometer for measuring excellence in both…
February 2, 2023
The Supreme Court has backtracked on its earlier ruling which dismissed Guaranty Trust Bank’s (GTB) appeal against a N2.4 billion judgment in favour of Innoson Motors Nigeria Limited. The apex court set aside the ruling, while delivering a judgment in an application by GTB seeking the re-listing of the appeal on the grounds that it…
January 17, 2022
A Federal High Court, Abuja, on Monday, convicted and sentenced Abdulrasheed Maina, Chairman, defunct Pension Reformed Task Team (PRTT), to 8 years imprisonment. Justice Okon Abang, in his judgment, held that the Economic and Financial Crimes Commission (EFCC) had proven the essential ingredients of all the 12 counts preferred against Maina beyond reasonable doubt in…
November 9, 2021
Two leading telecommunications giants, MTN Nigeria and Airtel have finally been given approval-in-principle by the Central Bank of Nigeria (CBN) to commence banking business in Nigeria. However, the approval is likely to come with dire consequences for financial institutions in the country, The New Diplomat has learnt. Checks by The New Diplomat revealed that the…
November 5, 2021
Less than two days after its launch by the Central Bank of Nigeria (CBN), the eNaira application has been removed from Google Play Store after series of complaints by users. The digital currency has two applications, which are eNaira speed wallet and eNaira merchant wallet. They were rolled out on the Google play store and…
October 28, 2021
Nigerians have continued to react as the Naira sold between N572 and N575 to a $1 at the parallel market despite the suspension of the activities of AbokiFX. AbokiFX, a website that collates black market exchange rates in Nigeria, had suspended activities following allegations by the Governor of Central Bank of Nigeria (CBN), Godwin Emefiele…
September 20, 2021
