Four major banks in the country have incurred the wrath of the Central Bank of Nigeria (CBN) and the Financial Reporting Council of Nigeria, as they have been slammed with sanctions. It was gathered that the apex bank sanctioned the banks for failure to comply with its Know-Your-Customers guidelines and the anti-money laundering requirements. The […]
Negative economic fundamentals overshadowing Nigeria’s business environment may have begun to take its toll on corporate financial results as third quarter earnings plunged in three key sectors, namely, oil and gas, banking and conglomerates. Poor results announced by industry leaders in these sectors also worsened the performance of Nigerian Stock Exchange All Share Index last […]
Detectives in the Ondo state police command have reportedly foiled plans by some robbers who dug a tunnel into the premises of an old generation bank, United Bank for Africa, UBA, in Akure, the Ondo State capital with the intention to rob the bank located along Ado/ Owo road. According to police sources, the tunnel […]
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