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Money and Capital market
Moniepoint don ready launch 2nd edition of Nigeria Informal Economy Report for Abuja
By Maureen Aguta
Moniepoint Microfinance Bank, wey be correct Naija company, don reveal say about 42 per cent of people wey dey hustle for informal sector no get savings wey fit last them reach one month if dem no get income.…
Access Bank CEO Roosevelt Ogbonna allegedly buys £15m Hampstead mansion in London
Maureen Aguta
The chief executive officer of Nigeria’s biggest bank reportedly snapped up a £15 million mansion in one of London’s most prestigious postcodes.
According to City AM, Roosevelt Ogbonna, who has been…
Tax Policy: Ashawo to begin paying tax in January 2026 – Taiwo Oyedele
Maureen Aguta
The Federal Government has reiterated that all earnings made within Nigeria are taxable, extending this to money obtained by sex workers also known as ‘runs girls or ashawo in local palance.’
This…
Zenith Bank fined ₦85m for using invalid court order to freeze customer’s account
Maureen Aguta
A High Court in Abuja has awarded a fine of N85 million against Zenith Bank Plc for freezing a customer’s bank account by relying on an invalid court order.
Justice S. U. Bature, in a judgment, also ordered…
CBN: 8 banks have met N500n, N200bn recapitalisation threshold
Maureen Aguta
Central Bank of Nigeria (CBN), said on Tuesday that eight Deposit Monetary Banks (DMB) have successfully met the new minimum capital requirements of between N500 billion and N200 billion, stipulated for their…
UBA sued for ₦1bn over alleged illegal release of customer’s bank statements, details
Maureen Aguta
United Bank for Africa (UBA) Plc, is facing a ₦1 billion lawsuit over allegations that it unlawfully released confidential bank statements of a deceased customer and his widow to unauthorized…
Access, Zenith meet N500bn recapitalisation target – Report
Maureen Aguta
Only two Tier 1 banks, Zenith Bank and Access Holdings Plc, have surpassed the N500 billion share capital and share premium threshold set by the Central Bank of Nigeria for banks with international licences,…
UBA returns customers’ stolen N106m as public outrage heightens
Maureen Aguta
As Nigerians from different works of life continue to express outrage over the alleged disappearance of a diaspora customer’s N106 million from his UBA account, many have expressed fear over the safety…
Tony Elumelu’s UBA defrauds diaspora returnee of N150m–Gwamnishu
Maureen Aguta
Details of how Tony Elumelu’s UBA allegedly defrauded abroad returnee of N150 million which has been trending recently, has emerged.
A popular Nigerian activist Harrison Gwamnishu gave an update on the…
Banks begin charging ₦6 per SMS for transaction alerts
The new charge marks a 50 per cent rise from the previous N4 per message, sparking concern among customers already grappling with inflation and rising living costs.