•United Arab Emirates The United Arab Emirates has denied approving $10k bank balance, and N640k fee requirements for Nigerians applying for visas into the country, reports The Cable. The Minister of Information and National Orientation, Mohammed Idris, announced on Monday, that the UAE authorities agreed to vacate travel restrictions imposed ...
•Dr Adaora Umeoji Zenith Bank Plc has emerged as the Best Commercial Bank, Nigeria in the World Finance Banking Awards 2024, retaining the award for a fourth consecutive year. The bank was also named as Best Corporate Governance, Nigeria for the third year running in the World Finance Corporate Governance Awards 2024. The awards, which [&helli...
•Gunmen Armed robbers, today, unleashed mayhem on a man coming out of a new generation bank in Lokoja, Kogi State capital, and dispossessed him of yet-to-be-ascertained sum of money before they shot him dead. Eyewitness accounts stated that the armed robbers trailed the man from the bank up to Phase II, Lokongoma area in front […]
Zenith Bank Plc has announced its unaudited results for the first quarter ended March 31, 2024, with an impressive triple-digit growth of 189% in Gross Earnings, from ₦270 billion reported in Q1 2023 to ₦781 billion in Q1 2024. This is despite the challenging operating environment and tightening monetary policy stance. The Frontier reports tha...
•EFCC operatives The Federal High Court in Abuja has issued an interim order empowering the Economic and Financial Crimes Commission (EFCC) to freeze 1,146 bank accounts belonging to individuals and companies. The agency claimed it was investigating them for unauthorised dealing in foreign exchange, money laundering and terrorism financing, re...
•Dr Ebenezer Onyeagwu Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 31st Annual Best Bank Awards […]
The Central Bank of Nigeria has released a strong affirmation of the security of cash within Nigerian banks, highlighting the country’s banking sector’s soundness. Amid widespread unconfirmed rumours, not originating with the CBN, raising concerns about the health of Nigerian banks, the Central Bank of Nigeria asked the people not ...
•Central Bank of Nigeria A Significant increase in the minimum capital requirements for all banks operating in the country was yesterday announced by the Central Bank of Nigeria (CBN). Acting Director, Corporate Communications, Mrs. Hakama Sidi-Ali, listed requirements for the various categories of banks in a circular, reports The Nation. The ...
•Bolaji Agbede Access Bank Plc, the flagship subsidiary of Access Holdings Plc, has entered into a binding agreement with Kenyan-based KCB Group Plc (KCB) for the acquisition of the entire issued share capital of National Bank of Kenya Limited (NBK) from KCB. NBK is one of Kenya’s major banks with total assets in excess of […]
The Central Bank of Nigeria has instructed all bank customers to link their National Identification Number (NIN) and Bank Verification Number (BVN) to their bank account (s). The apex bank had in a circular on December 1st 2023, directed that banks should place restrictions on all Tier 1 bank accounts without BVN, reports Vanguard. Tier [&hell...
The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.
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