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Ibukun Awosika tasks women to shun extravagance to grow wealth

The Chairman of First Bank of Nigeria (FBN), Mrs Ibukun Awosika, has challenged women in the country to shun extravagant lifestyle and unnecessary spending if they desired to grow their wealth.

EFCC freezes Benue, Akwa Ibom government accounts

The Economic and Financial Crimes Commission (EFCC) has frozen three bank accounts belonging to the Benue and Akwa Ibom State governments.

First Bank launches WhatsApp chat banking

Determined to ensure effective service to its customers, First Bank of Nigeria on Thursday unveiled its chat banking on WhatsApp.

ICPC recovers 17 vehicles from ex-FAAN officials

The Federal Airports Authority of Nigeria (FAAN) on Tuesday received 17 official vehicles recovered from the agency’s ex-officials by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).

CBN gives incentives to importers using Chinese Yuan

The Central Bank of Nigeria (CBN), has come up with fresh incentives for importers as it seeks to replace the use of Dollars with the Yuan as the currency of importation from China. It has also assured Nigerians that it has enough arsenals to defend the Naira.

FirstBank introduces contactless Naira MasterCard

First Bank of Nigeria Limited, has announced the introduction of the Contactless Naira MasterCard, added to its array of debit cards, to promote convenience, ease of transactions and the security of funds.

Experts: MPR retention in line with expectations

Mr Sewa Wusu, Head of Research and Investment Advisory at SCM Capital Ltd., said the Monetary Policy Committee (MPC) retention of all monetary variables at current levels was expected.

2018: Nine banks to meet new central bank dividend payout policy – report

The SBG Securities (Pty) Limited of South Africa, a wholly owned subsidiary of the Standard Bank Group, has projected that about nine commercial banks in Nigeria would be able to pay dividends this year, despite the adjustment to the dividend payout policy issued by the Central Bank of Nigeria (CBN) recently.

Ex-President Jonathan’s ex-campaign chief Ngozi Olojeme forfeits 38 houses

The Economic and Financial Crimes Commission (EFCC) has traced 38 choice houses to a former Chairman of the Nigerian Social Insurance Trust Fund (NSITF), Dr. Ngozi Olojeme.

EFCC arrests finance chief of ex-President Jonathan’s campaign over alleged N69 billion fraud

The Economic and Financial Crimes Commission has arrested Dr. Ngozi Olojeme, the Deputy Chairman, Finance Committee of the Goodluck Jonathan Campaign Organisation in the 2015 presidential election.

Civil servant bags 35 years in jail over N2.5m fraud

A civil servant with Benin Owena River Basin Development Authority (BORBDA), Mr. Monday Isiorh Okoh, has been sentenced to 35 years in jail for mismanaging the agency’s N2.5 million.

Pensioners seek direct pay from allocations to indebted states

A suit has been filed asking the ECOWAS Court of Justice to “order the government of President Buhari to deduct the pensions, salaries and gratuities of pensioners and workers from the statutory allocations of indebted state governments and pay the same directly to the pensioners and workers on a monthly basis”.

SERAP, pensioners drag federal govt to ECOWAS Court over unpaid pensions, salaries

They want immediate payment of all outstanding pensions, salaries and gratuities through deductions from statutory allocations of the indebted state governments, and payment of adequate money compensation of N50 million to each of the pensioners and workers.

Banks begin compilation of accounts without BVN

Deposit Money Banks on Friday began compilation of customers’ accounts without Bank Verification Numbers.

EFCC probes Governor Ayodele Fayose over alleged diversion of bailout funds

The Economic and Financial Crimes Commission (EFCC) is investigating the Ayodele Fayose government in Ekiti for alleged diversion of over N680million meant for salaries and pension of civil servants .

N3.2bn Benue councils funds diverted in 3 years – FG

The Federal Government has revealed how five officials allegedly diverted the sum of about N3.2bn belonging to the Association of Local Governments of Nigeria in Benue State within 71 months.

Court jails property agent for absconding with N1.6m

A Karmo Grade 1 Area Court, Abuja, on Thursday sentenced one Ibrahim Ahmed, a house agent, to 16 months imprisonment for absconding with a prospective tenant’s N1,650,000.

Zenith Bank provides for 30% of 9mobile’s loan

Zenith Bank says it has made a provision on 30 percent of its loan to 9mobile, telecommunications company formerly known as Etisalat.

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Lawmaker lauds federal government for approving N60 billion rice subsidy

Olatunbosun Oyintiloye, a member of Osun House of Assembly, has commended Federal Government for approving N60 billion subsidy for rice farming in the country.
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NYSC chief warns corps members against taking financial, material inducements

Brig. – Gen. Suleiman Kazaure, the Director-General, National Youth Service Corps (NYSC), has warned corps members to shun any form of financial or material inducements by politicians during the 2019 general elections.