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UBA sweeps 5 awards at Global Banking awards in UK


Leading financial group, United Bank for Africa (UBA), has continued to grow with the latest showing at the keenly contested global banking awards, where it clinched five country awards. UBA won Bank of The Year 2016 in Gabon, Congo-Brazzaville, Senegal, Cameroon and Chad at the annual Bankers Award in London, a feat that the Group Managing Director/CEO, UBA Plc, Kennedy ...

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FCMB ends promo, rewards customers with N8m


First City Monument Bank Limited has ended its promotion tagged ‘FCMB Millionaire Promo Season 3,’ with four customers emerging winners of N2m each In a statement that the grand finale draws were held in Abuja, Lagos, Ibadan (Oyo state) and Calabar (Cross River State). FCMB also noted that in addition to the cash gifts, another set of 642 account holders ...

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Buhari to spend N564b recovered loots in 2017, presents budget to NASS today

Udoma, Buhari, Adeosun

Revelations from the adjusted the 2017-2019 Medium Term Framework Expenditure earlier forwarded to National Assembly for consideration by the presidency have shown that Federal Government will spend a whopping N564 billion of recovered loots on the 2017 Budget. The amount according to Business Hilights statistics is more than 50 per cent of acclaimed recovered loots by this administration since May ...

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MMM failed in S/Africa, Zimbabwe beginning from account freezing

MMM victim

The way and manner Ultimate Cycler crashed beginning from freezing of accounts and informing followers that it will bounce back which it never did has been revealed as the same way MMM crashed in South Africa and Zimbabwe. Otherwise, MMM collapsed in both African countries beginning with back and front announcement of accounts freezing that has just began Tuesday in ...

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Senate proposing law to halt 6-months-old free float of naira

Nigerian Senate

Signal that the National Assembly members are not happy with the prevailing free floatation of naira in the last six months has emerged. The Senate is working on a proposal that will come up as a Bill seeking to give the Central Bank of Nigeria (CBN) legal instrument to set exchange rates, and stop it from allowing free floatation of ...

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Customs alerts on expired rice from Seme border posts, denies plastic brand

Customs seizures

Nigerians have been put red alert over stocked but expired Thailand and Indian rice piled up in several warehouse on Nigeria/Benin republic border town of Seme waiting for security breach by Customs and other security operatives for smugglers’ to ferry them in. The hint was dropped by the Customs Controller, Federal Operations Unit (F.O.U.) Ikeja, Comptroller Mamudu Haruna, on Tuesday, ...

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Just in: Confusion as MMM denies crash, says only on hold between December 12 and January 12

Contrary to earlier breaking news today (Tuesday) announcing the freezing of Mavrodi Mondial Moneybox, otherwise known as ‘MMM’ in Nigeria, the operators in the last few minutes has reacted denying reports that the alleged Ponzi scheme has crashed. In a terse statement posted to players in Nigeria, the operators said the ‘freezing of confirmed Mavros’ was aimed at ensuring the ...

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CBN, NDIC move for another AMCON suggests some banks are ‘sick’–Expert

More reactions from informed financial analysts have continued raise concerns on whether some banks are still strong enough to be in business. It would be recalled that the Central Bank of Nigeria (CBN) had repeatedly assured Nigerians that some fingered banks in terms of insolvency are still fit to continue their businesses. But the major fear is growing from the ...

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MMM founder lists merits to Nigerians amidst growing concerns of collapse

Russian Sergey Mavrodi, MMM Founder, has allegedly sent an open letter to the Federal Government of Nigeria and authorities that care to know more explaining the benefits of the scheme even as many Nigerians have sworn to continue staking  their money in the wonder bank. The letter was positioned on the page of all participants of the Scheme, saying Nigerians ...

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FCMB assures on continued youths sports development as COPA Lagos ends

FCMB Balogun

Leading financial institution, First City Monument Bank (FCMB) Limited has once again assured Nigerian youths of its preparedness to deepen initiatives geared towards youths, sports and overall national development. The Group Managing Director/Chief Executive of the Bank, Mr. Ladi Balogun who gave the assurance at the closing ceremony of this year’s COPA Lagos Beach Soccer competition, said the Bank’s interventions ...

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