EFCC prosecutes ex-banker for allegedly diverting $510,000 from customer account
Ex-banker Obinna Nwaobi arraigned by EFCC over alleged $510,000 diversion from customer account; pleads not guilty, remanded in custody.
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The Alternative Bank named innovative Bank of the year at AICIF 2025
AltBank wins Innovative Bank of the Year at AICIF 2025 for pioneering digital, non-interest financial solutions in Africa.
Senate rejects NNPCL’s account of missing N210trn
The Nigerian Senate has rejected NNPCL’s explanations for unaccounted N210 trillion between 2017 and 2023 and threatened to subpoena former officials if answers remain unsatisfactory.
NDIC gains stronger powers for bank liquidation under revised law
NDIC MD Sunday says new legal framework enhances bank liquidation powers, citing Heritage Bank dividends paid within a year, while BRIPAN urges collaboration to strengthen financial system transparency.
Thinking of quitting Facebook? Here’s how to delete your account and save your data
Millions of users are deleting their Facebook accounts in 2025 amid privacy, AI, and child safety concerns, according to new reporting.
Oyedele announces 50 tax exemptions and incentives for Nigerians
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, has unveiled 50 new tax exemptions and reliefs taking effect in 2026 to ease the burden on low-income earners, small businesses, and promote a fairer, more inclusive tax system.
Fuel tax on hold till naira strengthens, oil price drops – Oyedele
Taiwo Oyedele says the proposed 5% fuel surcharge will not begin until the naira strengthens or oil prices fall, to avoid worsening Nigerians’ financial hardship.
FG assures Nigerians abroad: No tax on remittances or overseas income
Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has assured Nigerians abroad that diaspora remittances and overseas income will not be taxed under the country’s new fiscal reforms.
Banks assume control of Nestoil after $1bn loan default
Nigerian banks have taken control of Nestoil Limited and placed the company under receivership following a $1 billion debt crisis.
Policeman shot as gunmen attack bank customer in Ibadan
Police in Oyo State have confirmed that a robbery incident in Ibadan left one officer injured after gunmen attacked a bank customer on Monday morning.