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Sterling Bank Plc
The Nigerian Incentive-Based Risk Sharing System for Agricultural Lending has secured a total of N4.5bn from four Deposit Money Banks for the cultivation of maize and soybeans in three states.
The Economic and Financial Crimes Commission, EFCC, Enugu Zonal Office, on Tuesday, May 7, 2019, arraigned a former acting branch manager of Sterling Bank Plc, Oliver Anidiobi, before Justice C.O. Ajah of the state’s High Court, sitting in Enugu, for a N187 million fraud.OHHA Microfinance Bank
The Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC, has arraigned one Saviour Inyang before Justice Okon A. Okon of the State High Court, sitting in Uyo, Akwa Ibom State, on a one count charge bordering on issuance of dud cheque.
The Nigerian Stock Exchange (NSE) All-Share Index hit a 52-week low yesterday, falling by 1.53 per cent to close at 29,162.24, while market capitalisation shed N170 billion to close at N10.953 trillion.
Fastest growing financial institution in Nigeria, Keystone Bank Limited, has announced the resignation of Obeahon Ohiwerei from office as Managing Director/CEO of the Bank, and the appointment of Abubakar Danlami Sule as Acting Managing Director/CEO.
Despite the release of corporate earnings by many companies, the Nigerian equities market closed last week downtick following profit taking in bellwether stocks.
The Nigerian equities market opened the week on a bullish note as investors continued to react positively to nine month corporate earnings being released by companies.
The defendants, who were charged alongside a company, Danium Energy Services Limited, were alleged to have fraudulently deceived Sterling Bank Plc into lending them money through a fraudulent scheme with the pretence to finance local purchase of Automotive Gas Oil (AGO), otherwise known as diesel, for supply to Total Nigeria Limited.
Sterling Bank Plc has said it will always adopt amicable resolution or when necessary, drastic legal actions to achieve debt recovery outcomes. Such strategies include restructuring for accelerated payoffs and possible foreclosure or disposal of pledged assets of defaulting debtors.
Sterling Bank Plc has taken its financial inclusion drive to the next level with the training of over 20,000 secondary school students nationwide, to mark the 2018 edition of the Financial Literacy Day.
Justice Lateefat Okunnu of a Lagos High Court in Ikeja has dismissed a N272.5 million fraud charge slammed on an oil marketer, Mr. Anthony Adejugbe, and his company, Tonique Oil Services Limited by the Economic and Financial Crimes Commission (EFCC).
Commercial banks have raised the alarm over a fake employment website alleged to belong to them, deployed by fraudulent element with the intent to defrauding unsuspecting young graduates.
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Boris Johnson launches his campaign Wednesday to replace Theresa May as Britain’s next leader, as lawmakers moved to stop him and other hardliners from delivering a “no deal” Brexit.
Manufacturers and experts have said privatisation of Ajaokuta Steel Company will yield better dividends than the facility being run by the government.
The 39-year-old defender did not play as Michael O'Neill's side won 1-0 away to Belarus in Euro 2020 qualifying on Tuesday.
President Muhammadu Buhari has congratulated the newly elected presiding officers of the 9th National Assembly and described the emergence of the new leaders as a “new dawn”, different from that of the immediate past.
Mr Abdullahi Gana, Commandant General (CG), Nigeria Security and Civil Defence Corps (NSCDC), has ordered massively deployment of personnel to areas of banditry and cattle rustling in Katsina State.
Rivers State Governor, Nyesom Wike, has said major challenges witnessed during Nigeria’s 2019 elections were caused by President Muhammadu Buhari’s refusal to sign the amended Electoral Act.
Ogun State police command said it had arrested one Philip Efosa for allegedly robbing a UBER driver of his vehicle in Lagos.
The President of the Republic of Rwanda, Mr. Paul Kagame, on Tuesday, said the anti-graft war can be won in Africa or elsewhere if it starts from the top.
Over 200 houses were destroyed by windstorm in Sugungun village, Ringim Local Government Area of Jigawa, according to an official of the local council.
The Presidential Election Petition Tribunal on Monday dismissed the petition of the Coalition for Change (C4C) against the victory of President Muhammadu Buhari in the February 23 presidential election.