Tag Archives: bank

ICYMI: World Bank Predicts Nigeria’s Recession Could Last For Three Years

The World Bank has said that Nigeria’s current recession might last up to 2023, unless the current reforms is sustained and the right mix of policy measures is implemented. In a World Bank Nigeria Development Update (NDU) report tagged “Rising to the Challenge: Nigeria’s COVID response”, the international financial agency on Thursday noted that the “average Nigerian could…

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UBA Bags Double Prestigious Honours At The 2020 BAFI Awards

l-r: Head of Media and Media Relations, UBA Plc, Ramon Nasir; Deputy Managing Director, United Bank for Africa, Liadi Ayoku, President, Nigerian Institute of Taxation, Dame Gladys Olajumoke Simplice; and Managing Director, BusinessDay Newspapers Mr Ogho Okiti Pan-African financial institution, United Bank for Africa (UBA) Plc, carted two highly coveted laurels at the BusinessDay’s Bank…

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Outrage As Court Documents Confirm CBN Froze Bank Accounts Of #EndSARS Frontliners

Nigerians woke up to another day of uncertainty Saturday after a two week-long demonstration calling for the end of the now-defunct Special Anti-Robbery Squad (SARS)  and outrage over the shooting peaceful #EndSARS protesters in Lagos. During the early days of the protests, frontliners had accused Central Bank of Nigeria (CBN) of targeting and freezing their bank accounts and now court documents…

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Nigeria’s Kikelomo Lawal Installed As Executive Vice President Of The Canadian Imperial Bank Of Commerce

Another day, another Nigerian making great moves in the diaspora! According to Opera News, Kikelomo “Kike” Lawal has been appointed as the chief legal officer and Executive Vice-President of the Canadian Imperial Bank of Commerce, a big milestone which is currently being celebrated on social media. Her new position, taking effect October 12, 2020, will reportedly require overseeing the global legal function, the corporate…

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Access Bank Finalizes Acquisition Of Kenya’s Transnational Bank

Following its first announcement in October 2019, Nigeria’s largest bank, Access Bank PLC has announced the successful completion of the acquisition of Transnational Bank PLC, of Kenya (TNB). The Bank made this known through a statement signed by its Company Secretary, Sunday Ekwochi. “Access Bank PLC is pleased to inform the investing public and the…

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GRAPHIC: Many Feared Dead As Robbers Attack Bank, Police Station In Kogi

A fatal attack by unkown gunmen at a Bank branch in Isanlu town in Yagba East local government area of Kogi State and a police station in the town on Thursday June 4, has left many dead. Though details of the attack is still sketchy at the moment, many online reports claim that the robbers first stormed Isanlu Divisional…

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COVID-19: Access Bank Restructures Salaries Amidst Global Pandemic

Following the coronavirus pandemic and its economic effect on businesses across the world, business owners and leaders of organizations are obligated to make responsible decisions to keep their companies afloat. Access Bank plc recently announced the possibility of salary restructuring across the institution as a result of the impact of COVID-19. Since the pandemic, businesses…

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Lagos State Government Sets Up Free Food Bank Amid Coronavirus Scare

Lagos State Governor Babajide Sanwo-Olu today announced that Lagos state has set up an emergency food bank. Sanwo-Olu said the economic stimulus package is to help cushion the effects of the #StayAtHome directive to stop the spread of COVID-19. “I am happy to announce an economic stimulus package to help our residents cushion the effects of our #StayAtHome directive…

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