Tag: bank
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Palaver in the church: Banker unlawfully detained in SIU despite court order to free him
*Court documents attached A senior bank manager in one of the new generation banks has been detained over church dispute by the police Special Investigation Unit, SIU despite getting reprieve from a court to be granted bail. TheNewsGuru.com, (TNG) reports based on court documents sighted granting the accused Dr Chenenye Duru bail as the police…
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NOVA Merchant Bank set to begin commercial banking, appoints Adebowale Oyedeji as MD/CEO
NOVA Merchant Bank Limited, a leading merchant bank in Nigeria, has announced that it is set to begin its conversion to full Commercial Banking Business following its recent requisition of the national commercial banking license from the relevant authorities. To this end, the Bank has appointed Mr. Adebowale Oyedeji, as the new Managing Director and…
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Sterling Bank appoints Mayaki as new board chairman
…as Ighodalo Asue quits to face Edo guber battle Sterling Bank Limited has announced a strategic change in its Board of Directors, with Mr. Olatunji Mayaki assuming the role of Chairman of the Board effective January 1, 2024, following the resignation of Mr. Asue Ighodalo, effective December 31, 2023. In a statement released by the…
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Reps spokesman raises alarm over bank attacks in Ekiti
Spokesman for House of Representatives, Mr Akin Rotimi, has raised the alarm over the continued closure of banks in his constituency, owing to incessant attacks by hoodlums. Rotimi, representing Ikole/Oye Federal Constituency in Ekiti, raised the alarm
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Court freezes Oyo State govt.’s accounts in 10 banks
A High Court of the Federal Capital Territory (FCT), Abuja has issued an order attaching the accounts of the Oyo State Government in ten commercial banks in the country. The order was issued by Justice A. O. Ebong, in a ruling on a garnishee proceeding initiated
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Cash scarcity: Ahead Christmas, banks slash withdrawal limits as Nigerians cry out
Bank customers have said that they are unable to withdraw their deposits for transaction in yuletide season in Ondo State, as the banks have slashed their withdrawal limits across the state. A probe into this development by a national newspaper revealed that many customers could not withdraw the amount they needed over the counter due…
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Finally, Supreme Court okays indefinite use of old, new banknotes
The Supreme Court has ruled that both the old and the redesigned Naira banknotes remain valid legal tenders in the country beyond December 31. The apex court, in a ruling by a seven-man panel led by Justice Inyang Okoro, on Wednesday, said the banknotes should remain in circulation, pending when the Federal Government, after due…
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Benue uncovers 600 govt bank accounts
The Benue Government, says it discovered over 600 banks accounts operated by the immediate past administration. The State Commissioner for Finance and Budget Planning, Mr. Michael Oglegba, said this was contrary
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IATF2023 informs UAE private sector on trade, investment opportunities across Africa
The African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission (AUC), and the African Continental Free Trade Area (AfCFTA) Secretariat, on Thursday hosted the official business roadshow in Dubai, the UAE, ahead of the Intra-African Trade Fair (IATF 2023). The IATF2023 is to be held from Nov. 9 to Nov.15, 2023 in Cairo,…
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UBA GMD marks first year of impactful service, says ‘the best has just begun’
The management of Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its commitment to enhance customer experience, whilst expressing optimism for greater achievements for its customers and shareholders. UBA’s Group Managing Director/Chief Executive Officer, Mr. Oliver Alawuba, who