A federal high court in Abuja has granted the request of the Central Bank of Nigeria to freeze the accounts of 19 individuals and a public affairs company linked to the #EndSARS protests. The request, granted by Justice Ahmed Mohammed, was filed by the CBN on October 20. Some of[Read More…]
Tag: Access Bank
COVID-19: Access Bank To Cut Staff Salaries Says MD Herbert Wigwe
Herbert Wigwe, the group managing director of Access Bank, has announced the the bank’s planned mass job cuts and pay cuts. A report by Bloomberg indicated that the salary cut is expected to start from May unless business conditions improve The bank boss who spoke via video conferencing in a[Read More…]
Coalition Against COVID-19 Orders Supplies For 400,000 COVID-19 Tests To Increase Nigeria’s Testing Capacity
The Private sector-led Coalition Against COVID-19 (CACOVID) has ordered for 250,000 supplies for tests and another 150,000 extraction kits to fast-track molecular testing for the deadly coronavirus, noting that the reality of the situation at hand was such that efforts must be put together with no stone left unturned in[Read More…]
“Our Activities Have Continued Without Disruptions” – Says Access Bank, As EFCC Releases CEOs
The management of Access Bank Saturday issued a statement about the detention of the banks Managing Director by the EFCC.. Statement issued reads, “The Economic and Financials Crime Commission (EFCC) is leaving no stone unturned in its quest to investigate the activities of the last administration.” Yesterday, officials of EFCC[Read More…]
Access Bank’s Head Office Raided By The EFCC, MD Arrested
Operatives of the Economic and Financial Crimes Commission (EFCC) on Friday afternoon raided the head office of Access Bank in Victoria Island, Lagos. The anti-graft agency, which has been carrying out investigations on alleged abuse of funds under the last administration, extended its dragnet to the banking sector recently. Herbert[Read More…]
Four Nigerian Banks Make Top 500 In The World
Four Nigerian banks – First Bank of Nigeria Limited, Zenith Bank Plc, Guaranty Trust Bank Plc (GTBank) and Access Bank Plc; have been ranked among the ‘Top 500 Banking Brands’ by The Banker magazine of the Financial Times and Brand Finance, London, in 2015.A report on Monday revealed that for[Read More…]
Olusegun Adeniyi: He Who Fights And Runs Away, Federal Republic Of MasterCard
He who fights and runs away, lives to fight another day! That popular street lingo, abridged from a poem by the 18thcentury British novelist and playwright, Oliver Goldsmith, was recently taken to a new low in our country: a large contingent of Nigerian troops “tactically manoeuvred” its way into Cameroon,[Read More…]
13 Nigerian Banks Among World’s 1000, Is Your Financial Institution Included [Details]
Thirteen Nigerian banks have been named in the list of 1000 top lenders across the world, according to the Banker magazine of the Financial Times Group in its 2014 report on banks released on Sunday 6 July. The Nigerian banks attained this feat for the second year in a row[Read More…]
CBN Names ‘Too Big To Fail’ Banks, Is Your Bank Mentioned? [SEE List]
by Chukwu Ude The Central Bank of Nigeria list Nigerian Banks that are ‘too big to fail’ and the Apex Bank said their failure could have far reaching effect on Nigeria’s financial stability. The banks named ‘Too Big To Fail’ are First Bank of Nigeria, Guarantee Trust Bank, Skye Bank,[Read More…]
