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BUSINESS
Fidelity Bank Affirms Commitment to Data Protection and Strong Corporate Governance
Our attention has been drawn to a news story titled, “NDPC Fines Fidelity Bank for Data Breach”. While the matter is a subject of an ongoing engagement with the regulator, we wish to assure the public that we have conducted ourselves to!-->!-->!-->…
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1,500 Osun Residents Benefit from Fidelity Food Bank Outreach
Over 1,500 residents made up of women, children, widows, and the elderly have benefited from the one-day feeding program organized by Fidelity Bank in Osun State.The food bank project was held at St. Benedict Catholic Church, Osogbo,!-->!-->!-->…
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Foreigners accused of defrauding Ecobank lose bid to quash arrest, extradition
A Federal High Court, sitting in Lagos on Monday has dismissed the applications filed by two Indian nationals, Prem Garg, Devashish Garg and a Briton, Marcus Wade, to quash a bench warrant issued for their arrest and extradition, issued!-->!-->!-->…
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GTBank in trouble as hackers seize website, search for customers’ details
Cybercriminals appeared to have compromised the domain address of Nigeria’s banking giant GTBank.FTN gathered that gtbank.com was no longer accessible on Wednesday night.The incident came a day after the domain name was renewed for!-->!-->!-->…
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UBA Partners NBA Young Lawyers Forum, to Foster Professional Growth of 50,000 Practitioners
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced a strategic partnership with the Young Lawyers Forum (YLF) of the Nigerian Bar Association (NBA) with the aim to propel the professional development of over 50,000!-->!-->!-->…
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Windfall tax could push Nigerian banks to breaking point, warns new report
A recent report from U.S.-based Emerging & Frontier Capital (EFC) has issued a stark warning that the introduction of a windfall tax during the Central Bank of Nigeria’s (CBN) mandated recapitalization could severely strain the!-->!-->!-->…
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Rating: GCR Affirms Dangote Industries Limited AA+(NG)/ A1+(NG)
—strong earnings prospects from the new refinery
GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AA+(NG) and A1+(NG) respectively accorded to Dangote Industries Limited (DIL). GCR in its!-->!-->!-->!-->!-->…
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Ecobank bank announces indefinite closure of branches
One of the major commercial banks in the country, Ecobank Plc, on Friday announced indefinite closure of its branches spread across the country.The bank, in a message to its customers on Friday hinged the decision on recent developments!-->!-->!-->…
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UBA Ranked Most Visited Banking Website In Nigeria
Due to the availability of online banking, certain banks have seen a growth in their digital channels Semrush data shows that the UBA is ranked number one, with 2.36 million visits in June 2024.
In June, Paystack customers accounted for!-->!-->!-->…
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Nigeria continues crude-for-petrol exchange as fuel landing cost hits N1,117/litre
Nigeria remains engaged in exchanging 450,000 barrels per day (bpd) of crude oil for approximately 1 million metric tons (MT) of petrol, equating to 1.341 billion liters, through its state oil company, according to Mr. Bello Rabiu, former!-->…
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