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Business

October, 2013

  • 21 October

    Skye Bank MD, Durosinmi Etti, Takes Customers Relation To Facebook

    Kehinde Durosinmi-Etti, group managing director/CEO of the bank, kicked off the celebrations of Customers Banking Week  by using the Facebook platform to reach out to the bank’s customers, fans and followers across the country and by responding to their enquiries on wide-ranging issues. The Facebook session helped in interfacing with the customers as well as in providing solutions to long-held questions. ...

September, 2013

  • 9 September

    GTBank’s Impressive Role In Dangote’s Refinery and Fertilizer Projects….Details Of USD6.75 Billion Debt Financing

    Chief-Executive-Officer-GTBank-Mr.-Segun-Agbaje

    Dangote Industries Limited on Wednesday, 4th September 2013 signed a loan agreement with a consortium of both local and international banks to the tune of $3.3billion for the purpose of constructing the biggest Petroleum Oil Refinery & Petrochemical/ Fertilizer Plants in Nigeria. The plants, which will cost a total of $9 billion will generate up to 9,500 direct and 25,000 indirect ...

  • 4 September

    Investors Panic As Ecobank Undergoes Probe For Report Manipulation. ED Indicts CEO, Chairman

    Kolapo-Lawson

    The storm in Ecobank around Kolapo Lawson, the Bank’s chairman is far from over! There are fresh allegations. In view of recent media reports on Ecobank Transnational Incorporated (ETI), the Securities and Exchange Commission (SEC)  Tuesday confirmed it was investigating allegations of corporate governance breaches at the pan-African bank. The commission, which disclosed this in a statement, assured investors that ...

August, 2013

  • 31 August

    Quick Money In Lagos; Students, Others Sell Sperms To Fertility Clinics For 50,000 – 100,000 Per Drop

    sperm

    An avenue for making fast money has emerge in Lagos, and according to those involve there is no pain or hard labour to it… it is also legal. Donating sperm is the  business. Students are sponsoring themselves with the proceed. People get married for different reasons. While some seek companionship in marriage, many go into marriage for procreation.  For couples ...

  • 19 August

    Fidelity Bank’s Messy Role In Anambra Politics Affects Customers, Panic Withdrawal Looms

    fidelity bank md

    Gov. Peter Obi is leaving no stone upturned to protect free funds from Anambra for his bank; Fidelity…… and his deftly move is already jeopardizing the future of the bank. Younewsng learnt, Customers are planning to withdraw funds for fear of the future. This is not the best of times for Reginald Ihejiahi, CEO/MD of Fidelity Bank PLC to manage the ...

  • 13 August

    Guaranty Trust Bank Rated High, Begins A/C Opening Via Facebook, Confronts E500, 000 Fine In U.K

    gtbank

    Stories are making round that GTB is one of the banks used by ex-Gov of Delta, Ibori for money laundering. United Kingdom based Financial Conduct Authority (FCA) days back claims GTB will pay E500, 000 fine for failing to do anti-money laundering checks on clients from high-risk countries. An insider said the error occurred earlier in the bank set up ...

July, 2013

  • 26 July

    Ecobank Boils Over Lawson’s Unresolved Issue, Customers’ Panic Withdrawal Looms.

    kolapo lawson - Ecobank

    The bitter boardroom battle over CBN expose on Ecobank Chairman Kolapo Lawson is far from over. Obvious lack of transparency in handling allegation of financial impropriety is making it rear its ugly head with dire consequences for the bank. As a face-saving measure, the Chairman came up with a statement days back that he has resolved the settlement plan with ...

  • 12 July

    Diamond Bank In Multiple Scandal-Liquidity Squeeze, MDs’ Messy Loans, 400 For Sack, Panic Withrawal Looms.

    As N818,000 fraudulently vanished from a customer’s account in a day at Diamond Bank with attendant trouble, the banks’ head office at Adeola Hopewell, Lagos was picketed by Labour…. And more messy details have been uncovered. Indications emerged on recently that Diamond Bank Plc had embarked on an aggressive downsizing of its workforce. Our correspondent gathered from some of the ...

  • 8 July

    ATM Fraudsters Attack Banks Online…. Customers Reconfirm Your Balance

    atm

     Recent activities of fraudsters on banks’ online platform have assumed an alarming rate, as unsuspecting members of the banking public are being fleeced of their hard-earned funds, thereby threatening the cashless policy introduced last year to encourage electronic payment system. Investigations by the Nigerian Tribune showed that the worst hit banks were those that recently migrated to another platform and ...

June, 2013

  • 21 June

    Another UBA Staff Jailed For Fraud, Customers In Panic Withdrawal

    david danjuma gwani

    A case of one too many, as staff from different branches have been arrested at different times for fraud. Customers in Kaduna are surprised by lack of trust and contemplating withdrawing their deposits. The story is spreading fast. Justice Bello Lawal of the Kaduna State High Court, Zaria, Kaduna state on Wednesday June 19, 2013 sentenced one David Danjuma Gwani ...