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BUSINESS

Top 5 Richest Banking Firms In Nigeria

The banking industry in Nigeria started during the colonial era with the establishment of Colonial Banks, with the primary aim of meeting the commercial needs of the Colonial Government.The banking system in Nigeria is regulated through the Central Bank of Nigeria This apex bank started operation on July 1, 1959. But as the the years passed,new banks emerged and boomed depending on their assets,investment and the rise and fall of the Economy especially the Nigerian Currency.Below are some of the currently

  2 years ago ago
Top 5 Richest Banking Firms In Nigeria

BUSINESS

10 Years After: Why Sanusi Sacked Former Intercontinental Bank Boss, Erastus Akingbola

Some facts have begun to emerge over the real reasons former Central Bank Governor, Sanusi Lamido Samu, sacked the Ex-Managing Director of the default Intercontinental Bank PLC, Erastus Akingbola in 2009. The source also revealed that trouble started for the ex bank chief when Sanusi who was then the Managing Director of First bank PLC drew the attention of Akingbola to an illegal transfer of N500 million (five hundred million naira) from intercontinental bank to First Bank PLC, an account which had never b

  2 years ago ago
10 Years After: Why Sanusi Sacked Former Intercontinental Bank Boss, Erastus Akingbola

BUSINESS

Was Lamido Sanusi an Undertaker and Jihadist Governor at the Central Bank?

A Questionable Acquisition: How Erastus Akingbola lost Intercontinental Bank to Bukola Saraki Sanusi Lamido Sanusi and Aig Imokhuede- (King’s College Mafia.) Contrary to his public image of a no-nonsense and anti-special interest Governor of the Central Bank, Sanusi Lamido Sanusi’s complicity in the questionable sale of Intercontinental Bank to Access bank and the God-Father role of Dr, Bukola Saraki showed the true Sanusi Lamido Sanusi. Oluwaseyi Oduyela reports, how the former Governor of Central Bank

  2 years ago ago
Was Lamido Sanusi an Undertaker and Jihadist Governor at the Central Bank?

ECONOMY-FINANCE

Micro Finance Bank is not meant for Salary payment

When leading a social change, the people that would benefit from it final output usually perceive those leading the change as their enemies Government ensuring to do the right thing should take the back seat while the illegitimate norms we are used to should take the front seat. Instilling the right approach towards policy that would bring about desired development is seen as anti few policy. The directives that civil servants using MFB for their salary account should open commercial bank is to those civil

  2 years ago ago
Micro Finance Bank is not meant for Salary payment

TECHNOLOGY

Nigeria bank users should take note of these important codes

Access bank is one of the foremost largest banks in Africa. The bank has built her household name after they merge with Intercontinental bank Plc and Diamond Bank Plc. In terms of assets, loans, deposits, and bank networks, Access bank is one of the leading banks. We are in the era of technology, as a result of that we are enjoying the benefit of mobile and internet banking in our comfort zone. Access bank has introduced online and internet banking that allows customers to conduct financial transactions like

  2 years ago ago
Nigeria bank users should take note of these important codes

BUSINESS

Access Bank owned Intercontinental Bank the sum of N14.2bn

An official of the Nigeria Deposit Insurance Corporation, Mr Paul Akali, told the Federal High Court in Lagos on Friday that Access Bank owed the now-defunct Intercontinental Bank N14.2bn as of the time it went under. Akali, a member of the NDIC team that investigated Intercontinental Bank for regulatory infractions in May 2009, told the court that despite the N14.2bn debt, the distressed Intercontinental Bank was sold to Access Bank by the Central Bank of Nigeria. The probe and indictment of Intercontinent

  2 years ago ago
Access Bank owned Intercontinental Bank the sum of N14.2bn

POLITICS

For those of who don't know who is Sanusi Lamido Sanusi to Nigeria

It was Okonjo Iweala who wrote, “Fighting Corruption is Dangerous.” For those who haven’t been paying attention let me give you a brief dossier to remind you of who Sanusi Lamido Sanusi; 1. This man single handedly brought to book all the bank CEOs in Nigeria that were carting away billions of Naira into private pockets. -Erastus Akingbola of Intercontinental Bank and his huge N179 billion loot in the defunct bank who brought it to light? -Francis Atuche and his N125 billion graft from Bank PHB, Who b

  2 years ago ago
For those of who don't know who is Sanusi Lamido Sanusi to Nigeria