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Wema Bank suspends Telegram operations over fake accounts, impersonation

Nigeria, June 29 -- Wema Bank Plc has suspended its operations on Telegram following a surge in scams involving fake accounts impersonating the bank and defrauding customers. The bank disclosed this ... Read More


Chams HoldCo appoints new board of directors chair

Nigeria, June 26 -- Chams Holding Company Plc has announced the appointment of Segun Oloketuyi as the Chairman of its Board of Directors, effective 9 July. The board approved the appointment in line ... Read More


FG strengthens domestic revenue framework to finance development - Minister

Nigeria, June 26 -- The Federal Government has reaffirmed its commitment to strengthening Nigeria's domestic revenue mobilisation framework, saying the country cannot sustainably finance its developme... Read More


Providus, Unity Bank to begin joint operations after merger

Nigeria, June 26 -- Providus Bank Limited and Unity Bank Plc have announced plans to commence operations as a single entity following the successful merger of the two financial institutions. The deve... Read More


CBN orders banks to freeze accounts linked to six terrorism financing suspects

Nigeria, June 25 -- The Central Bank of Nigeria (CBN) has directed banks and other financial institutions to immediately freeze all accounts and assets linked to six individuals and four Bureau de Cha... Read More


Access Holdings announces retirement of executive director

Nigeria, June 25 -- Access Holdings Plc has announced the retirement of Bolaji Agbede as Executive Director, Business Support, effective 30 June, following the expiration of her term. Ms Agbede serve... Read More


Jaiz Bank's regulatory penalties surge to N530.9 million in 2025

Nigeria, June 24 -- Jaiz Bank Plc paid N530.9 million in regulatory penalties in 2025, almost twelve times the N45 million it paid in 2024, according to its 2025 annual report, which detailed sanction... Read More


CAP Plc appoints executive director, company secretary

Nigeria, June 24 -- Chemical and Allied Products Plc (CAP Plc), a subsidiary of UAC of Nigeria Plc, has appointed Jethro Iruobe as Executive Director, effective 25 June. In his capacity as an executi... Read More


Elon Musk loses trillionaire status as net worth drops

Nigeria, June 24 -- SpaceX founder Elon Musk has lost his trillionaire status after a decline in his aerospace company's valuation, and new restrictions on his Tesla shares reduced his net worth. Mr ... Read More


Champion Breweries appoints new managing director

Nigeria, June 23 -- Champion Breweries Plc has appointed Malolan Sampath as the Managing Director and Chief Executive Officer of the Company, taking effect from 1 September. The company disclosed the... Read More