Sterling Bank Plc. has obtained Central Bank of Nigeria’s approval in principle to restructure as a holding company. The bank’s Chief Executive Officer, Mr Abubakar Suleiman, disclosed this in a statement posted on the Nigerian Stock Exchange's website. Suleiman said the bank’s desire to operate as a holding company was driven by its plan to…
Prosecution Witness: How Due Process Was Breached By Hamilton Nwosa(Head, The New Diplomat's Polling, Research and data desk) A Prosecution Witness in an on-going trial of a former Minister of Special Duties and Inter-governmental Affairs under the administration of former President Goodluck Jonathan, Â Alhaji Kabiru Tanimu Turaki, over an alleged fraudulent diversion of N714.6m to…
The national body of the All Progressives Congress (APC) has nullified all the suspensions and counter suspension among members of the Ekiti state chapter of the party. The New Diplomat had reported that a faction loyal to Governor Kayode Fayemi, had announced the suspension of 12 members of the party, including Senator Babafemi Ojudu, Special Adviser…
By Gbenga Abulude (Politics and General desk) The proposed nationwide industrial action by the Nigeria Labour Congress (NLC) and the Trade Union of Nigeria (TUC) received the support of of Banks and other financial institutions Wednesday, as the National Union of Banks, Insurance and Financial Institutions Employees (NUBIFIE) has threatened to join the strike. NUBIFIE…
By Hamilton Nwosa (Head, The New Diplomat’s Polling, Research and data desk) Mr Tony Elumelu, Chairman of both United Bank for Africa (UBA) and Transcorp Plc, respectively has been listed  along with three other Nigerians as among TIME magazine's 100 most influential persons in the world in 2020. The other outstanding  Nigerians  listed are Nigerian-American…
By Gbenga Abulude (Politics and General Desk) Chairman of United Bank for Africa (UBA), Mr Tony Elumelu and many eminent figures have paid glowing tributes to the late UBA Group Executive Director, Mr Emeke Iweriebor who died recently. Elumelu who said he was personally devastated at Iweriebor's death, prayed for strength for the deceased family…
APC: Gov Obaseki Planning To Obtain N1.5bn Loan For Vote-buying PDP To APC: You Are Telling Lies...'No Iota Of Truth In The Claim' By Gbenga Abulude( The New Diplomat's Politics and General desk) With few days to the September 19 governorship election in Edo state, the two leading political parties- Peoples Democratic Party(PDP) and the…
Bank Assures Customers, Dismisses Video By Hamilton Nwosa(Head Polling, research and data desk) A Nigerian hacker, one Ihebuzo Chris has reportedly gained unauthorized access to Access Bank’s Customers database. Access Bank is one of Nigeria’s leading commercial and financial institutions with branches in various locations across the country. Access Bank has also expanded into Kenya…
As African Leaders Reimpose Confidence In Adesina's Leadership President of the African Development Bank (AfDB), Dr. Akinwumi Adesina, Tuesday, unveiled his vision for Africa's growth and development in the next five years of his second term, promising to conquer new grounds for the bank. He delivered his inaugural address after being sworn-in as AfDB President…