An Akure High Court, in Ondo State, has sentenced a popular Akure based Evangelist, Adewale Adelu, and five others to death by hanging for robbing two different banks in the state, 13 years ago. The convicts were said to have robbed the banks and carted away N34million, reports Vanguard. Delivering judgement, Justice Yemi Fasanmi, sentenced [&...
It is estimated that about 70.92 million Nigerians are in extreme poverty, according to the World Poverty Clock.The figure translates to 11 per cent of the world’s extreme poor. This means that, at least, one out of every 10 extremely poor people live in Nigeria. It would be recalled that the National Bureau of Statistics […]
The Economic and Financial Crimes Commission (EFCC) says its operatives from the Lagos Zonal Command have arrested a former Minister of Commerce and Industry, Charles Chukwuemeka Ugwuh, for an alleged conspiracy and fraud to the tune of N3.6bn. Head Media and Publicity of the EFCC, Dele Oyewale in a statement today, said Ugwuh was arrested [&h...
Analysts are casting doubts on the sincerity of the Central Bank of Nigeria (CBN) in the dissolution of the board and management of Union Bank, Keystone Bank, and Polaris Bank. Those who spoke to our correspondents at the weekend queried how the CBN could replace the board and management of these affected banks with just […]
Zenith Bank PLC, one of Nigeria’s leading financial institutions, has dismissed as entirely untrue reports on the purported arrest of its Group Managing Director, Dr. Ebenezer Onyeagwu, in a section of the media. The reports had claimed that Dr Onyeagwu was arrested by the EFCC in connection with alleged fraud at the Ministry of Humanita...
There were a few people who sustained injuries in the inferno that razed a filling station, student hostel and shopping complex in Ile-Ife, Osun State, the fire service has confirmed. A statement by the spokesperson of the state fire service, Adekunle Ibrahim, today, said that the fire started around 5 pm, yesterday, at POPULAT filling [&helli...
•CBN Governor Yemi Cardoso Cash withdrawals will not be possible from accounts opened for virtual and digital assets transactions, the Central of Nigeria has disclosed. Withdrawals from these accounts will only be possible by transfer or through a manager’s cheque, the apex bank explained. It revealed this in a new ‘Guidelines on Operations of...
Zenith Bank Plc has been named the “Best Bank for Digital Solutions in Nigeria” in the Euromoney Awards for Excellence 2023, underscoring the bank’s pioneering and outstanding achievements in delivering cutting-edge digital financial solutions. Speaking on the recognition, the Group Managing Director/CEO of Zenith Bank Plc, Dr. Ebenezer Onyeag...
The Home Finance Department of the Ministry of Finance, Budget and National Planning has received the sum of $5.6m from the World Bank to procure 21 items, which included office stationeries, furniture, solar inverter, office equipment, and vehicles. The approvals were made under the State Fiscal Transparency, Accountability and Sustainability...
Zenith Bank Plc has been listed in the World Finance 100 2023 released by World Finance Magazine, achieving the feat as the only Nigerian company in the prestigious and exclusive listing. Zenith Bank’s inclusion in this elite list underscores the bank’s outstanding achievements and resilience in a dynamic and competitive global market. The Fro...

