JUST IN: 13 Passengers Burnt To Death In Ghastly Enugu Auto Crash
JUST IN: 13 Passengers Burnt To Death In Ghastly Enugu Auto Crash At least 13 passengers were burnt to death in a fatal accident which happened near the Four-Corners Enugu on Sunday night. The ill fated 14-seater bus said to be traveling from Imo State to Adamawa reportedly ran into a trailer before bursting into flames. All the passengers except one, were said to have burnt beyond recorgnition in the accident which occurred at the Enugu end of the Enugu-Port Hacourt Expressway. Only one passenger survived the auto crash, with varying versio…
Wema Bank grows earnings by 51% to N95.354 billion on loan growth
Wema Bank grows earnings by 51% to N95.354 billion on loan growth Nigeria's most innovative bank and digital banking pioneer, Wema Bank Plc, has recorded gross earnings of N95.345 billion in the third quarter ended September 30, 2022, representing a growth of 51.17% year-on-year, from N63.077 billion posted during the same time in 2021. According to the bank's unaudited financial results for the third quarter of 2022, the grow in gross earnings reflects an increase in loans and advances and supported in a challenging macro econom…
FG breaks silence on proposed new naira notes, raises alarm
FG breaks silence on proposed new naira notes, raises alarm Forty Eight hours after announcement of Naira redesign fixed for December 15, 2022 by the Central Bank of Nigeria (CBN), the Minister of Finance, Budget and National Planning, Zainab Ahmad, has disowned the policy. The Minister who commented on the policy in response to question raised by Senator Opeyemi Bamidele (APC Ekiti Central) during 2023 budget defence session she had with the Senate Committee on Finance, warned CBN of consequences that may arise from it. Senator Bamidele had …
FG clarifies gaming taxes to be collected by FIRS
FG clarifies gaming taxes to be collected by FIRS * Nigeria licensed online operators to deal with NLRC The Federal Government, weekend, clarified the controversy surrounding the collection of taxes from registered online gaming operators in the country. The clarification came on the heels of a recent statement from the Federal Inland Revenue Service, FIRS, to the effect that it (FIRS) has commenced direct collection of taxes from online gaming operators. The FIRS statement was said to have confused the operators in the gaming industry as the …
Unity Bank Declares N2.2 Billion Profit in Q3/2022, Grows Gross Earnings by 17%
Unity Bank Declares N2.2 Billion Profit in Q3/2022, Grows Gross Earnings by 17% LAGOS. 26.10.2022. Retail lender, Unity Bank Plc has declared a N2.2 billion profit for the nine-month period ended September 30, 2022, with 17% growth in gross earnings to N42.2 billion for the same period, as against N36.2 billion in the corresponding period of 2021. The increase can be attributed to new products that are focused on deep penetration and driving volume in the retail market space. A review of the Agric-focused lender’s unaudited nine-month res…
FIRST BANK OF NIGERIA LIMITED PARTNERS CFA SOCIETY NIGERIA TO HOST ITS ANNUAL FLAGSHIP EVENT, THE UNIVERSITIES ETHICS CHALLENGE
FIRST BANK OF NIGERIA LIMITED PARTNERS CFA SOCIETY NIGERIA TO HOST ITS ANNUAL FLAGSHIP EVENT, THE UNIVERSITIES ETHICS CHALLENGE First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider has announced its partnership with CFA Society Nigeria to host its annual flagship event, the Universities Ethics Challenge final, scheduled to hold at Radisson Blu Hotel, Victoria Island Lagos on Saturday, 29 October 2022. The Universities Ethics Challenge is designed to increase students' awareness of the eth…
UBA opens Saturdays for naira notes deposit
UBA opens Saturdays for naira notes deposit The United Bank for Africa (UBA) has opted to open on Saturdays to enable customers to deposit their existing naira notes pending the circulation of new ones in December 2022. This Central Bank of Nigeria (CBN) announced the redesign of naira notes on Wednesday, stating that the new notes will come into circulation on December 15. As a result, UBA in a circular, has encouraged its customers to deposit the current naira notes to the bank before it becomes banned in January 2023. “On 26th October …
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