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NDIC warns operators against disclosing customers’ financial data, status

The Nigeria Deposit Insurance Corporation (NDIC) has warned financial technology (Fintech) operators against disclosing their customers’ financial details without appropriate permission.

Central bank moves to tackle bank debtors

The Central Bank of Nigeria (CBN) said on Tuesday that it has put in place new policy initiatives and strategies to ensure that bank debtors no longer escape from sanctions.

EFCC quizzes Air Peace chief over ‘$44.9 million wire deals’

As part of the ongoing probe of alleged $44.9 million wire deals, the Economic and Financial Crimes Commission (EFCC) has interrogated the Chief Executive Officer of Air Peace, Mr. Allen Ifechukwu Onyema.

US court issues warrant of arrest for indicted Air Peace chief

A warrant of arrest has been issued against Allen Onyema of Air Peace Limited for alleged money laundering and bank fraud in the United States, court documents showed.

UK lawmaker blames HSBC, others over corruption in South Africa under Jacob Zuma

British lawmaker Peter Hain said corruption under South Africa’s former president Jacob Zuma was enabled by international banks, companies, and governments which should now seek to recover the loot they helped to launder.

Nigerian banks attract $4.74 billion foreign investments in six months

Data obtained from the National Bureau of statistics showed that the amount of investment attracted by 22 banks accounted for 33.16 per cent of the total amount of foreign investment recorded in the first half of the year, which stood at $14.31bn.
The International Monetary Fund (IMF) has backed Nigeria’s closure of its borders with some neighbouring countries over issues bordering on illegal trade.

IMF urges Lebanon reforms as protesters keep up pressure

The International Monetary Fund on Monday said Lebanon should urgently implement reforms to restore confidence and economic stability as protesters kept up the pressure on politicians they accuse of corruption by setting up new road blocks.
The National Union of Textile Garment and Tailoring Workers of Nigeria held a peaceful protest in Lagos on Tuesday to mark the 40th anniversary of the organisation.

Minimum wage: NLC shuts down offices, schools in Asaba

The Nigeria Labour Congress (NLC), Delta chapter, has started to shut offices and schools in Asaba ahead of the planned strike over delay to implement the new minimum wage.

Central bank deducts N500 billion from Zenith, GTB, Citibank, UBA, 8 others

The Central Bank of Nigeria has deducted N500 billion from the accounts of 12 banks for failing to meet the target to provide credit to their customers.

Banks gave out N860 billion loan in 11 months

Addressing journalists at the end of the meeting, Managing Director of Citi bank, Mr. Akin Daudu, stated that the banks performed the feat following the Central Bank’s directive that they increase their lending to deposit ratio to 60% by the end of September.
Thomas Cook

Britain’s Thomas Cook travels into bankruptcy

The brutal failure of travel firm Thomas Cook was sealed as a rescue floundered, but it was also sparked by mismanagement, the internet, geopolitical unrest, and Brexit, according to analysts.
The U.S. Treasury on Friday announced sanctions on three North Korean hacking groups it said were involved in the WannaCry ransomware attacks and hacking of international banks and customer accounts.

US imposes sanctions on North Korean hacking groups blamed for global attacks

The U.S. Treasury on Friday announced sanctions on three North Korean hacking groups it said were involved in the WannaCry ransomware attacks and hacking of international banks and customer accounts.

Banks reject costly deposits over central bank’s policy

Banks are rejecting high interest-yielding deposits as they countdown to the Central Bank of Nigeria (CBN) policy mandating them to give out at least 60 per cent of their deposits as loans or be sanctioned, it was learnt on Monday.

NSCDC arrests eight for certificate ‘forgery’ in Borno

The Nigeria Security and Civil Defence Corps (NSCDC), Borno Command, rrested eight suspects who specialise in forging school certificates and security documents.

Banks, offices shut for ‘Isese’ Day celebration in Osun

Banks, government offices and other establishments in Osun were under not open for business on Tuesday, as workers observed public holiday declared by the state for the celebration of traditional religion or “Isese’’ Day.

Stakeholders react to presidential directive on forex restriction

Stakeholders have continued to react to the recent directive given by President Muhammadu Buhari to the Central Bank of Nigeria (CBN) to restrict forex on food items being imported into the country.
EL PASO, TEXAS – AUGUST 06: FBI personnel drive in a vehicle in the Walmart parking lot as investigations continue at the scene of a mass shooting, which left at least 22 people dead, on August 6, 2019 in El Paso, Texas. A 21-year-old white male suspect remains in custody in El Paso which sits along the U.S.-Mexico border. President Donald Trump plans to visit the city August 7. Mario Tama/Getty Images/AFP

FBI arrests many Nigerian fraudsters in US

‘Those individuals are often members of transnational criminal organizations, which originated in Nigeria but have spread throughout the world. Fraudsters can rob people of their life’s savings in a matter of minutes’ the Federal Bureau of Investigation has said.

Why court freeze former Zamfara governor‘s bank accounts

The Abuja Division of the Federal High Court, on Friday, froze six separate bank accounts that were linked to the former Governor of Zamfara State, Abdulazeez Yari, following an ex-parte motion that was filed by the Federal Government.

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Governor David Nweze Umahi

Ebonyi governor presents 178 billion budget for 2020

Gov. David Umahi of Ebonyi on Friday, presented a budget of N178.1 billion for 2020 to the state House of Assembly.

Adams Oshiomhole welcomes Osagie Ize-Iyamu to APC, denies house arrest claims

The National Chairman of All Progressives Congress (APC), Adams Oshiomhole, has denied reports that he was placed under house arrest in Edo.

AEDC: Some Abuja residents to experience power disruption Saturday, Sunday

The Abuja Electricity Distribution Company (AEDC), says customers in parts of Central Area, Abuja will experience power interruption on December 14 and 15 due to maintenance of its facility. .
Kabiru Dogo

Kabiru Dogo set to dump Sunshine Stars over ‘interference’

Sunshine Stars head coach Kabiru Dogo may dump the Akure club in the coming days, revealed a source close to the gaffer.
Super Eagles striker Victor Osimhen was left on the bench for the entire duration in Lille’s visit to Chelsea in Tuesday’s UEFA Champions league game.

Victor Osimhen misses late penalty in Lille’s home win against Montpellier

Super Eagles striker Victor Osimhen missed a late penalty but it was not enough to prevent Lille from beating visiting Montpellier 2-1 On the French Ligue 1 on Friday night.