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Business & Economy
Panic as Unity Bank shareholders lose N468m, stakeholders rush to take out investment
A rush by shareholders to cash in on a slight increase in the share value of Unity Bank has caused value of share of the financial institution to dip by N467.57 million.
Last week, shareholders of Unity Bank saw their investment…
We’re determined to transform our seaports into world class status, says Bello-Koko
Chidi Ogbuokiri
The Managing Director of the Nigerian Ports Authority (NPA) Mohammed Bello Koko has restated the commitment of the current Management to enthrone international standards and best practice in the handling of ships and cargo…
EFCC arrests 4 Sterling Bank staff for squandering customers money
Sterling Bank Plc may have turned into a safe haven for fraudulent officials as customers of the bank have continued to lose their hard-earned money to the bank.
This is coming even as the Economic and Financial Crimes Commission (EFCC)…
GTB appoints Olusanya as first female managing director
The newly established Guaranty Trust Holding Company Plc has appointed Mrs Miriam Olusanya as the managing director of Guaranty Trust Bank Limited.
It also announced its new board of directors as well as changes to the board of its…
15th AGM: Shareholders concern over Unity Bank’s capacity to stay afloat, query MD, Oluwatomi…
Shareholders of Unity Bank Plc have expressed serious concerns over the challenges facing the bank now, urging the board and management to urgently address them.
The shareholders made this known at the lender’s 15th Annual General…
FIRS directs banks to freeze MultiChoice accounts over N1.8trn tax liability
The Federal Inland Revenue Service, FIRS, has appointed some commercial banks as agents to recover the sum of N1.8trn from accounts of MultiChoice Nigeria Limited (MCN) And MultiChoice Africa (MCA).
This was contained in a statement…
FG extends NIN to SIM linkage to July 26
Chidi Ogbuokiri
The Federal Government has announced the extension of the deadline for NIN-SIM data verification to July 26, 2021.
A statement the Director , Public Affair, Nigerian Vommunications Commission (NCC) Dr Ikechukwu Adinde…
NCC honoured for enhancing economic development
Chidi Ogbuokiri
The Nigerian Academy of Engineering (NAE), one of the highest professional bodies in the engineering field in Nigeria, has presented an award to the Nigerian Communications Commission (NCC) in recognition and…
Troubled Unity Bank boss, Oluwatomi Somefun battles to save head as crisis deepens
As Unity Bank Plc liquidity crisis gets messier, the bank’s managing director and chief executive officer, Ms. Oluwatomi Somefun, is said to be fighting hard to save her job even as the lender plans to hold its annual general meeting (AGM)…
NGX suspends GTB shares ahead of holdco listing
The Nigerian Exchange Group Plc (NGX Group) has suspended trading in the shares of Guaranty Trust Bank (GTB) Plc ahead of the listing of the holding company.
Godstime Iwenekhai, head of NGX listings regulation department, made this…