Bankit MFB Unveils Ground-breaking Web Banking Platform, Bridging Convenience and Security

    Bankit MFB, an emerging financial institution in the Nigerian financial sector, has unveiled its innovative web banking platform to provide customers with an additional digital channel to manage and carry out uninterrupted daily transactions on their phones, laptops and other devices. With this innovative solution, Bankit MFB is redefining convenience and security in…

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Access Holdings Completes N351bn Recapitalisation Amidst Industry Challenges

Access Holdings Plc has successfully completed its comprehensive recapitalisation process, raising a significant N351 billion. This bold move aims to fortify the financial institution’s position in an increasingly competitive Nigerian banking sector. However, the process has not been without its challenges. The recapitalisation, which involved a mix of debt and equity financing, was designed to…

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How CBN Misappropriated N2.7Trillion Interests On Ways And Means – Auditor-General

The Federal Government has accused the Central Bank of Nigeria (CBN) of misappropriating N2.73 trillion in interest payments on Ways and Means advances, spotlighting alleged irregularities in the management of public funds.   This revelation came to light through the 2021 consolidated financial statement of the Federal Government, submitted to the National Assembly by the…

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Telecom Operators Warn Nigerians Of Service Disruptions, Cuts Due To Rising Operational Costs

Telecommunications operators in Nigeria have issued a warning about potential service disruptions unless tariffs are revised to reflect escalating operational costs. In a statement on Monday, Gbenga Adebayo, Chairman of the Association of Licensed Telecommunications Operators of Nigeria (ALTON), described the telecom sector as being “under siege.” He cited a combination of inflation, volatile exchange…

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High Court Grants EFCC Permission To Freeze Several Bank Accounts

A Federal High Court in Abuja has granted the Economic and Financial Crimes Commission (EFCC) the authority to freeze 24 bank accounts suspected of involvement in terrorism financing. Justice Emeka Nwite granted the EFCC’s application following an ex-parte motion filed by the commission’s lawyer, Martha Babatunde. The accounts, owned by Lawrence Lucky Eromosele, are under…

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Ndume recounts how Saraki allegedly betrayed him; calls out Tinubu for being ‘personalized’

Senator Mohammed Ali Ndume, representing Borno South, has reflected on his experiences in the Senate, detailing instances of suspension and removal from key leadership roles, which he attributed to his commitment to “speaking the truth.”   In an interview with Deutsche Welle (DW) Hausa service, Ndume recalled his suspension from the 8th Senate and removal…

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Atiku Calls For Seyi Tinubu’s Probe Over Military Honors

Former Vice President Atiku Abubakar has condemned the recent military parade involving Seyi Tinubu, the son of President Bola Ahmed Tinubu. Atiku, in a statement through his Media Adviser, Mr Paul Ibe, described what transpired as a “gross violation of military tradition,” adding that it was a “desecration of the highly revered regimented age-long military…

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