Tag: bank
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Bank recapitalisation crucial to achieving $1trn economy – CBN
The Central Bank of Nigeria (CBN), says recapitalisation of Nigerian banks is crucial to the march towards achieving a one-trillion dollar economy. CBN’s Deputy Governor, Corporate Services, Emem Usoro, said this on Monday in Abuja, at the ongoing 36th edition of the Finance Correspondents Association of Nigeria (FICAN).
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FG reveals plan to establish youth development bank
The Federal Government on Tuesday revealed plan to establish a National Youth Development Bank and a Youth Data Bank.
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Court orders release of man detained for over 8 months, award him N25m in damages
An Enugu High Court has ordered the immediate release of Mr Sunday Onyeabuchi over unlawful detention by the police and ordered his bank to unfreeze his account. The Court sitting in Enugu also awarded N25million in damages against the first and second Respondents, Chidiebere Ijioma Commander Octopus Squad Enugu and the Commissioner of Police Enugu…
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75th Anniversary: UBA’s story is one of transformation and resilience – Alawuba
The Group Managing Director of United Bank for Africa, UBA Plc, Oliver Alawuba, says the bank’s enduring resilience, relentless innovation, and steadfast commitment to excellence over the decades shaped it to its current position. Oliver Alawuba, speaking at the Global Press Conference marking the 75th anniversary
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Full Year 2023: UBA gross earnings rises by 143% YoY, profit hits N757.7bn
…declares N2.30 kobo Final Dividend …total Assets Rise by 90.2% to N20.65 trillion …shareholders’ Funds Hits N2.0tn, achieving an impressive growth of 120.2%. In another unprecedented performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2023, showing exceptional and impressive performance…
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GTB, First bank in hot soup as Ghana apex bank suspends their forex licenses
… maybe restored after investigation The Bank of Ghana has suspended the Foreign Exchange Trading Licences of two Nigerian-owned banks, Guaranty Trust Bank Ghana Limited and FBNBank Ghana Limited. The suspension takes effect from March 18, 2024, for one month. The suspension was announced in a statement, on Monday, by the Ghanaian apex bank. suspension…
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Bank Of Ghana suspends foreign exchange Licences of GTB, First Bank over fraudulent documentation
The Bank of Ghana has suspended the foreign exchange trading licences of two Nigerian-owned banks operating in the country.
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Dollar scarcity: CBN bans staff, govts, banks, others from owning BDCs
The Central Bank of Nigeria (CBN) has excluded governments, commercial banks, merchant banks, Other Financial Institutions (OFIs), public officers among other parties from owning Bureau De Change (BDCs) directly or indirectly. CBN disclosed this on Friday in its Guidelines for the operations of BDCs in Nigeria. The apex bank noted that no person is permitted…
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Evangelist, 5 others sentenced to d3ath over bank robberies in Ondo
An Akure High Court in Ondo State has sentenced an Evangelist, Adewale Adelu, and five others to death by hanging over their roles and involvement in armed robberies in the state. The convicts, including Adelu, Ikechuckwu Maduagwu, Fayemi Olubusuyi, Ropo Adeleye, Dele Otopka, and Bayo Omotosho, were found guilty of attacking and robbing two commercial…
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NOVA Merchant Bank increases staff salaries by 50%, effective Nov 1
…begins 2024 Graduate Trainee Program. NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced a substantial increase in staff salaries, effective November 1, 2023. The increase in salary by up to 50% across all staff categories by the Board of Directors is a strategic move which shows a resounding display of commitment…