Ecobank Nigeria has reiterated that its agency banking scheme, also known as Xpress Points, is building entrepreneurs and pushing financial inclusion to the large unbanked and under-banked population in Nigeria. The Ecobank Xpress Point enables eligible Agents to carry out financial transactions on behalf of Ecobank and earn commission on every transaction processed. The consumer experience is very good as customers can do ... Read More »
Author Archives: NewsThumb Magz
Malabu Oil Block: ex-minister Orubebe’s wife quizzed over N360m deals
Former Niger Delta Affairs Minister Godsday Orubebe’s wife Maureen, has been grilled by the Economic and Financial Crimes Commission (EFCC) over a N500 million deal linked to the $1.092 billion Malabu Oil Block scandal. Mrs. Orubebe is also being investigated for alleged money laundering. She was alleged to have bought three assets from the company of one of the suspects ... Read More »
Doctor, others held for sale of baby in A’Ibom
Police in Akwa Ibom State said their anti-child theft Unit has arrested one Dr. Victor Onongha, a medical doctor, for allegedly selling a child. Dr Onongha, attached to the University of Calabar Teaching hospital, was arrested alongside a laboratory scientist, Hope Offor, and 15 others. The command, in a statement yesterday, said a five-month-old baby was recovered from the suspects. ... Read More »
COVID 19: Decision Necessary to Sustain Business-Wigwe
Wigwe, Access Bank’s Group Managing Director’s entry into banking, one may say, was not by chance, nor accidental. Looking back at his meteoric rise and achievements within the space of time he began his banking career in Guaranty Trust Bank Limited (GTBank) and now, it would be safe to deduce that he has accounted well for his time so ... Read More »
FirstBank Cardholders Records N1.18trn in Transactions Value during Lockdown
Since its establishment in 1894, FirstBank has consistently built relationships with her customers, focusing on the fundamentals of good corporate governance, strong liquidity, optimised risk management and effective leadership. These, amongst others, are the reasons the Bank has dominated the financial market for over 126 years. The Bank has led the financing of private investment in infrastructural development in the ... Read More »
Zenith Bank CEO admits COVID-19 will severely impact banks
One of the most immediate impacts of the Pandemic is the fact that the oil price crash will have negative implications for banks’ revenue targets. “In terms of banking, the drop in the price of crude is affecting directly the exposure that banks have created in the oil and gas sector. Revenues are challenged now, no doubt. And you have ... Read More »
ASUU will continue strike, but is it ethical?
The academia was the last place one would expect any stage performance from a depression script. The country is on its kneels begging to return to its previous life. And then ASUU informs that it would not suspend its strike despite the payment of salaries hitherto withheld by the federal government. ASUU insists that the federal government is not doing ... Read More »
Buhari, Sanwo-Olu’s efforts deserve commendation, says APC chieftain
Former Lagos State Commissioner for Public Transportation Chief Lanre Razak said on Monday that efforts of President Muhammadu Buhari and Governor Babajide Sanwo-Olu to contain the deadly Covid-19 deserved commendation, not condemnation. Razak, a member of the Lagos State All Progressives Congress (APC) Governor’s Advisory Council (GAC), slammed the People’s Democratic Party (PDP) for blaming the President for the spread ... Read More »
Missing N19.63bn LG fund: Ihedioha can’t stop probe – Imo lawmakers
The Public Accounts Committee set up by Imo House of Assembly said Tuesday that the immediate past governor of Imo State, Emeka Ihedioha cannot stop the House from carrying out its over sight functions including investigating allegation of missing N19.63 billion local government fund. He said that the committee functions were backed by the constitution and the rules of the ... Read More »
Post COVID19 Rebound – Ecobank Nigeria Holds Virtual Graduation Ceremony For Batch 7 Trainees
57 trainees, who represent batch seven set of graduates being absorbed into Ecobank Nigeria as full time employees were last week hosted to a virtual graduation ceremony by the Ecobank Academy – the first of its kind by the bank in Nigeria as it positions itself as a high quality employer ready for the opportunities of a post-COVID19 lockdown. In ... Read More »