The Economic and Financial Crimes Commission (EFCC) on Wednesday re-arraigned former Chairman of the defunct Skye Bank Plc, Tunde Ayeni, before the Federal Capital Territory High Court, Maitama, Abuja, over an alleged N15.39 billion fraud.
A 15-year-old student of Metro International School, Abuja, Khaira Ojima Bala, has won the 16th UBA Foundation National Essay Competition, receiving a N15m educational grant to study at any university in Africa.
Stanbic IBTC Bank has introduced a cross-border payment platform that enables Nigerian businesses to initiate transactions in naira and settle directly in Chinese yuan, in a move aimed at simplifying trade payments between Nigeria and China.
A bank can be extremely liquid and still be unwilling to finance a five-year manufacturing project, a power project, an agricultural processing plant or an MSME without substantial collateral.
The Nigerians in Diaspora Commission (NiDCOM) has protested a directive by the Central Bank of The Gambia ordering banks operating in the country to replace non-Gambian employees with qualified Gambian nationals by December 31, 2026, warning that 57 Nigerian professionals could lose their jobs.
Stablecoins are moving closer to Nigeria’s traditional financial system as banks, asset managers and fintech companies examine ways to offer dollar-linked digital assets to customers.
Alpha Morgan, which commenced commercial operations in March 2025, announced the relocation of its headquarters from 44 Adetokunbo Ademola Crescent, Wuse II, Abuja, to 52 Adetokunbo Ademola Street, Victoria Island, Lagos, in October 2026.
Fidelity Bank Plc has fully redeemed its $400 million 7.625 per cent Senior Unsecured Eurobond at maturity, meeting all its payment obligations under the five-year debt instrument.
First HoldCo Plc and RC Investment Management Limited (RCIM) have made significant progress in the ongoing disposal of the substantial block of FirstHoldCo shares held by RCIM in its capacity as independent Bridge Holder.
ProvidusUnity Bank has graduated over 100 entrepreneurs from the sixth cohort of its SME Development Programme, reaffirming its commitment to building a thriving small business ecosystem.
An Akwa Ibom State High Court sitting in Uyo has dismissed a petition seeking the dissolution of a marriage that has lasted over 43 years, ruling that lack of love and mutual respect between spouses does not, on its own, constitute sufficient legal grounds for divorce.
