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THE Federal High Court in Lagos has directed 71 banks and other financial institutions to impose debit restrictions on accounts allegedly used to receive N1.34 billion fraudulently transferred from customers of Access Bank Plc. Justice Akintayo Aluko issued the order on Friday following an ex parte application filed by Access Bank through its counsel, Ifeoma […]
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FIDELITY Bank, one of Nigeria’s tier-11 banks, is granting loans to its staff at 3.5 percent interest rate while lending credit facilities to manufacturers at 36 percent. According to the Fidelity Bank’s 2024 full-year financial statement, its staff owed the bank N14.698 in loans and advances as of December 2024 and they got them at […]
IF you are a shareholder of Zenith Bank, Access Bank or Access Bank, your dividends may not get to you for 3 years, according to a new report released by Rennaisance Capital. This is because these tier-1 banks are facing pressure from the Central Bank of Nigeria (CBN) to rebuild capital buffers to make provisions […]
First City Monument Bank, Rand Merchant Bank, Zenith Bank, Fidelity Bank, Eco Bank, and First Bank of Nigeria are charging manufacturers an arm and a leg for loans, precluding them from accessing capital needed for expansion. According to data obtained from the Central Bank of Nigeria (CBN), First City Monument Bank (FCMB) had the highest […]
THE United States of America, which is often regarded as a model for global aviation standards, has reported no fewer than 480 air incidents since the death of the former Group Managing Director/Chief Executive Officer of Access Bank Plc, Mr Hebert Wigwe, his wife, Chizoba; son, Chizzy; and lawyer and former Group Chairman of the […]