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Zenith Bank emerges best bank in Global Finance Awards

Zenith Bank Plc, has emerged as the best bank in Nigeria in the recently released Global Finance Magazine World’s Best Banks Awards 2020.

Zenith Bank fetes shareholders with dividend payout of N87.9 billion

Shareholders of Zenith Bank Plc on Monday at the 29th Annual General Meeting of the Bank held at the Shehu Musa Yaradua Centre, Abuja unanimously approved the proposed final dividend of N2.50 per share, bringing the total dividend payment for the 2019 financial year to N2.80 per share with a total value of N87.9 billion.

Air Peace’s Allen Onyeama denies fraud, money laundering allegations

Air Peace chairman Allen Onyema on Saturday denied any involvement in the allegations of fraud and money laundering leveled against him by the United States Attorney in Atlanta, Georgia, in relation to purchase of aircraft, airplane spares and maintenance.
ALLEN ONYEMA

Air Peace chief denies US fraud allegations, says all money transferred went through central...

Air Peace CEO Allen Onyema, has denied all fraud allegations by the USA, stating that they are false and are in no way in line with his character as a person and as a business man whose only aim has been to build Nigeria and improve wellbeing.

House of Reps probe central bank’s $7 billion to banks from foreign reserve

The House of Representatives has begun investigation of the non-refund of $7bn withdrawn from Nigeria’s foreign reserves by the Central Bank of Nigeria in 2006 to pay banks and assets managers, which have since not been refunded.

Ecobank calls for collaborative efforts to fight cybercrime

Nigerian bank, Ecobank Nigeria Limited has advocated continuous collaboration by all stakeholders in the fight against cybercrimes in the country.g

Bank chiefs to go tougher on bad debtors

The Committee of Banks’ Chief Executive Officers in Nigeria has said that there is an urgent need for all banks to cooperate and collaborate to identify and go tougher on chronic debt defaulters.

NACCIMA asks Nigerians in diaspora to ‘come home and invest’

The National Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) has advised Nigerians in diaspora to come home and invest.

AfDB approves $50 million to Fidelity Bank for SMEs

The African Development Bank (AfDB) has approved a $50 million line of credit to Nigeria’s Fidelity Bank Plc to support small and medium sized.

FirstBank seeks improved Nigeria-China trade relationship

As part of its strategic drive to strengthen business partnership between Nigeria and China, First Bank of Nigeria Limited recently organised the First Bank-Chinese Business forum.
National Assembly

Legislators lament inability of banks to provide long-term loans

The Joint Senate and House of Representatives committee on capital market have expressed worry over the failure of commercial banks to provide long – term financing instruments for projects in the country.

Expert: Why men must have sex at least 20 times a month

At the book launch at the Kudirat Initiative for Democracy Secretariat, Moshood Abiola Crescent, Ikeja, Lagos, Ibegbu said it also amounts to domestic violence for a man not to have enough sex with his wife.

Teleology finalises takeover of 9mobile, pays $50m deposit

Teleology Holdings Ltd., says it is transferring a non-refundable completion deposit of 50 million dollars to the trustees of the bank syndicate presently holding ownership of 9Mobile.

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Ondo governor approves second term inauguration committee

Ahead of his inauguration for the second term in office, Ondo State governor, Mr Rotimi Akeredolu, on Friday approved the setting up of a 25-member committee.
3. At least 27 police stations were incinerated last week in Lagos, after violence erupted across the commercial hub as a fallout of the military shooting of unarmed protesters in Lekki.

#EndSARS: Lagos government directs MDAs to forward list of destroyed properties

Sequel to the recent unrest in Lagos State which resulted in wanton destruction to some government properties, items, and valuables, the state government on Friday directed all Ministries, Departments and Agencies (MDAs) to send the list of all affected properties, items and other valuables in their domain.
Liberian President George Weah on Friday inaugurated a new national carrier for the West African country, named Lone Star Air, about 30 years after the country’s previous airline went bust.

Liberia launches new national carrier ‘Lone Star Air’

Liberian President George Weah on Friday inaugurated a new national carrier for the West African country, named Lone Star Air, about 30 years after the country’s previous airline went bust.
John Nkengasong, Africa's Director of the Centers for Disease Control (CDC), speaks during an interview with Reuters at the African Union (AU) Headquarters in Addis Ababa, Ethiopia March 11, 2020. REUTERS-Tiksa Negeri

Africa CDC warns of possible second wave of virus infection

The Africa Centres for Disease Control and Prevention (Africa CDC) on Friday urged the African continent to brace itself for possible second wave COVID-19 infections.
Ms Comfort Lamptey, UN Women Country Representative to Nigeria, gave the commendation during the launch of activities to commemorate the 20th anniversary of the UNSCR 1325 in Abuja.

UN lauds Nigeria for implementing programmes on women

The United Nations (UN) has commended the Federal Government on the implementation of its (UN) Security Council Resolutions (UNSCR) 1325 programmes on women, peace and security in Nigeria.