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How Shell’s N189bn Judgement Debt Led To Seizure Of First Bank Assets

By Abiola Olawale The First Bank of Nigeria (FBN) has ran into legal conundrum as authorities on Tuesday confiscated the bank's assest in Port Harcourt...
Banking

Dormant Accounts: Reactions Trail FG’s Decision To Borrow From Citizens’ Funds

From Segun Amure, (The New Diplomat's Abuja Bureau) Reactions have began to trail the announcement by the Federal government to start borrowing money from unclaimed...
Banking

Crisis: FCMB Appoints Yemisi Edun As Acting MD In Place Of Embattled Nuru

First City Monument Bank (FCMB) has appointed Yemisi Edun as acting managing Director, following the announcement yesterday that Adam Nuru has gone on leave...
Banking

FCMB: Adam Nuru’s Reputational Crisis Triggers 6% Drop In Trading

FCMB Records 10% Drop in Morning Trading but stood at 6% in the Evening... In a seeming dramatic move, Nigeria’s leading...
Banking

Twin Awards: UBA Emerges Best Bank of the Year, International Bank of the Year!

Pan-African financial institution, United Bank for Africa (UBA) Plc, went home with two highly coveted recognitions at BusinessDay’s Bank and other Financial Institutions Awards...
Banking

Fraud: Integrity Issues As Former Access Bank Staff Bags Five Years Jail Term

Justice T. B. Adegoke of the Federal High Court sitting in Asaba, Delta State on November 30, 2020  sentenced Mr Onus Osagie Amahian, a former...
Banking

Emefiele Outlaws One-on-One Forex Transfer, Defines Windows For Investors, Others

In a dramatic move that would have telling effects on forex transactions, the Central Bank of Nigeria (CBN) has outlawed transfer of foreign exchange...
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