Category: Business

Asset Management Corporation of Nigeria has filed an application before a Federal High Court in Lagos, urging the court to enter  judgement in its favour in the sum of N4,282,918,018.43, against a businessman, Alhaji Badamasi Sheu and his company, Al Kahf Resources Limited.  In an affidavit in support of an application for summary judgement sworn to by a supervisor with AMCON- Mr. David George, and filed before the court by a Lagos lawyer, Barrister Asama Kadiri, the deponent alleged that sometimes in 2006 Al Kahf Resources Limited approached Oceanic Bank…

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  One of Nigeria’s top lender, Fidelity Bank Plc, on Thursday announced the introduction of a new savings campaign in Lagos, as part of concerted efforts to promote the culture of savings amongst Nigerians. The Savings campaign which will ride primarily on digital technologies is one of the many initiatives of the bank aimed at rewarding new and existing customers for their unwavering loyalty and patronage. Dubbed “Get Alert In Millions (GAIM) Season 4”, the savings promo is expected to run till April 2020, a duration of six months and…

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  One of the nation’s leading banks, Fidelity Bank has advised it’s teeming customers and members of the public to disregard the malicious stories and lies of some mischievous individuals being circulated against the Bank. ln a Statement signed by Mr. Charles Aigbe, the Bank’s Divisional Head, Brand and Communications, it reads: “Our attention has been drawn to the planned disruption of service and social media attacks on the Bank by a few outsourced staff who were recently recalled by their employers. The move, which is the handiwork of the…

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Wema Bank Plc – the inventor of Nigeria’s first fully digital bank, ALAT – has rewarded 20 of its Royal Kiddies Account holders as the financial institution announced winners of the Wema Education Awards for 2019.  Given the earlier announcement to provide education support for its customers, a total of 20 winners emerged with six coming from the bank’s Lagos Region, five from South West and three each from South East, South-South and the Northern region.  Speaking at the draw held at the bank’s headquarters in Lagos on Wednesday, September 25, Dotun…

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Wema Bank has become one of the Founding Signatories of the Principles for Responsible Banking, committing to strategically align its business with the Sustainable Development Goals and the Paris Agreement on Climate Change. By signing the Principles for Responsible Banking, Wema Bank joins a coalition of 130 banks worldwide, representing over USD 47 trillion in assets, in committing to taking on a crucial role in helping to achieve a sustainable future. Taking place at the start of the UN General Assembly, the official launch of the Principles for Responsible Banking…

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The nationwide implementation of the cashless policy will begin by March 2020, says the Central Bank of Nigeria on Tuesday. The apex bank said this in a circular to all Deposit Money Banks in the country. It said that implementation of the policy would signal the imposition of charges on deposits in addition to already existing charges on withdrawals. According to the circular, the charges, which take effect from Wednesday (today) will attract three per cent processing fees for withdrawals and two per cent processing fees for lodgments of amounts…

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Union Bank in collaboration with Leading Lady Africa is supporting women’s capacity building with Alpher platform in an enterprise and leadership programme. Speaking at a press briefing in Lagos, Chief Digital and Innovation Officer, Union Bank, Lola Cardoso, explained: “The Alpher platform for women is a value proposition that targets Nigerian individual women as well as women in business. It basically provides an enabling environment and support whether it is through products and services but more importantly the capacities and opportunities that they need to grow and thrive and also it will pave…

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ALAT by Wema, Africa’s first fully digital bank, has emerged Best Digital Platform in Nigeria 2019 by International Business Magazine, a leading global journal that promotes flagship talent bearers from across the globe. Having met the award criteria for the year under review, the banking platform powered by Wema Bank was judged the winner by a deciding panel in recognition of its simplicity and refreshing service delivery. ALAT by Wema is a borderless banking app that offers an easy signup process, exciting saving options and other benefits to help customers…

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Samsung has said it will launch its hotly anticipated first foldable smartphone on Friday, months after faulty screens forced an embarrassing delay of its release. The world’s largest smartphone maker spent nearly eight years developing the Galaxy Fold, but had to hold its launch in April after reviewers reported screen problems within days of use. It was a major setback for the firm, which was hoping to spark demand for its high-end phones with the launch of the $2,000 device, with profits plunging in recent quarters in the face of…

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