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• Non-compliant bank’s Boards may be removed The Central Bank of Nigeria (CBN) and the Office of the Attorney General of the Federation (OAGF) have approved new administrative sanctions regime against banks and their staff who fail to comply with anti-money laundering and terrorist financing regulations. The new rule, signed by CBN Director, Financial Policy and Regulations, Kelvin Amugo, requires ... Read More »

•Firm gives police details on absconded worker      •’We assure Nigerians of quality products’ Emzor Pharmaceutical Industries Limited has been reopened by the National Agency for Food and Drug Administration and Control (NAFDAC). The firm also stated that it had submitted to the police information about its absconded worker that was featured in the British Broadcasting Corporation (BBC) documentary, ... Read More »

  The quarter finals of the 2018 GTBank Masters Cup is set to holdon May 8-9, 2018 at the Agege Stadium, Lagos with 16male and female teams competing for a semi-final spot in the prestigious tournament. Organized by leading African financial institution, Guaranty Trust Bank plc, the GTBank Masters Cup is an annual football competition for first generation and missionary ... Read More »

Afolabi Williams, team leader, OlubusiyiFamobiwo, MenashiMordi and OsagumwenroNaamanUgbo, members of Team Neon from Whitesands School, Lagos, have emerged as the 2018 Power Pitch Winner of the Smoke-Free World category of the Conrad Foundation Spirit of Innovation challenge summit held at the Kennedy Space Centre, Visitor Complex, Florida, USA. The four junior school students made it to the fourth round and ... Read More »

Heritage Bank Plc says it is committed to the sustenance, growth and development of the nation’s agricultural sector. Mr Fela Ibidapo, Divisional Head of Corporate Communications, Heritage Bank, said this in a statement on Tuesday in Lagos. Ibidapo said the bank was committed to leading the way in agricultural financing in the country. He said that the bank was currently ... Read More »

 During the annual spring meetings of the International Monetary Fund and the World Bank in Washington, DC, African philanthropist and entrepreneur Tony O. Elumelu insisted that prioritizing Africa’s youth by fixing the policy and regulatory issues impeding their innovations would also help attract foreign investors. The Tony Elumelu Foundation Founder spoke alongside World Bank President Jim Kim and LinkedIn CEO ... Read More »

  Four junior secondary school students in Nigeria have created a mobile app that could revolutionise agriculture globally. Sponsored by Guaranty Trust Bank plc, they are on the verge of making history at the globally renowned Conrad Challenge Annual Innovation Summit in Florida, USA. Aged between 12 and 14, Mordi Menashi, GbemiFamobiwo, Afolabi Williams and OsagumwenroUgbo, all from Whitesands School ... Read More »

Chairman, Heirs Holdings and Founder, The Tony Elumelu Foundation, Tony O. Elumelu will join Jim Yong Kim, President, World Bank Group and Jeff Weiner, LinkedIn CEO at the opening debate of the ‘Digital Economy for Africa’ Forum in Washington, D.C organised by the World Bank Group. The event, which will hold on April 19, 2018, at the World Bank Group ... Read More »

Baking aficionado and founder of Elizabeth’s Cake Emporium, Elizabeth Solaruwill be at the GTBank Food and Drink Fair to facilitate a Masterclass on how to make great wedding cakes. Elizabeth was recently named as one of the world’s “Masterful 100.” Her creations have been featured in numerous international publications including Wedluxe, Strictly Weddings and The Telegraph, amongst several others. Elizabeth’s ... Read More »

Globacom in court over $6.7m fraud The Economic and Financial Crimes Commission (EFCC) on Monday docked telecommunications firm, Globacom Limited, before the Lagos State Special Offences Court sitting in Ikeja for alleged $6,786,674.61 fraud. The company’s Chief Marketing Officer, Ashok Israni, was listed as the first defendant in the case. But Israini has been granted administrative bail by the Commission. ... Read More »