Diamond Bank: Customers In Desperate Cash Withdrawals

Bank to Close Branches The managing Director of Diamond Bank, Uzoma Dozie will be remembered for bequeathing to the new generation bank one    of the best virtual banking operations in Nigeria. Some customers in its Awolowo, Ikoyi branch, told the magazine last week that Diamond Bank internet banking is second to none. Indeed, this is the only good news from the bank, coming on the heels of last week’s decision by Diamond Bank’s management to shut down its UK operations. The development has fueled speculation that all is not yet…

Read More

Petroleum Marketers Threaten to Ground Nigeria

By Oji Odu Tension is mounting to a fearful level in the country. The Academic Staff Union of Universities (ASUU) is still on strike with several meetings with Federal Government to resolve the issue of poor funding of the nations universities deadlocked. The Academic Staff Union of Polytechnics (ASUP) has threatened to down tools if federal government hesitates to resolve their problem. The Nigerian Labour Congress (NLC) is still battle ready to ground the nation if government continues to waste time in kick-starting the new N30,000 minimum wage regime. Now,…

Read More

FCMB Rewards 2,576 Customers with Millions, Gifts in Millionaire Promo Season 5

A total of 2,576 customers of First City Monument Bank (FCMB) have won millions and various gifts at the end of the Bank’s reward scheme tagged ‘’FCMB Millionaire Promo Season 5’’. The promo, designed to reward and empower customers, ran from March to October this year with four regional and zonal draws, including the grand finale, on November 28, 2018. Of the 2,576 winners, 16 lucky customers won cash ranging from N1million to N2million, while the remaining 2,560 were rewarded with LED televisions, generating sets, decoders, tablets and smart phones.…

Read More

Customs: Seme Controller Gets A Respite

By Bayo Bernard Comptroller Muhammed Uba Garba of the Seme Command of the Nigerian Customs Service, NCS has unknowingly saved himself from the wrath of decision makers at customs headquarters in Abuja and what would have turned out his redeployment from the command, few months after he took charge. Last week, the command announced the seizures worth millions of naira have and arrest of some notorious smugglers . The comptroller General of Nigeria Customs Service, Hameed Ali had in August this year effected a minor shake up leading to the…

Read More

MTN Bank: “Enter the Dragon”

  By Oji Odu Still battling to free itself from the noose of N1.04 trillion fine in 2015 for refusing to deactivate unregistered lines, later reduced to N330 billion, and which it yet to fully redeem, $8.1 billion fine for illegal repatriation of said amount between 2007 and 2015 and $2 billion in tax arrears, the decision of South Africa’s telecommunications giant and largest telecommunications operator in Nigeria to delve into the banking sector has raised gave concerns. Under what basis does she want to go head to head with…

Read More

Unsolicited Text Messages: NCC’s “2442” Code Not Effective

By Oji Odu Abba Ukpai is an angry 9mobile subscriber. Why? The way the network bombards his mobile telephone on daily basis with unsolicited text messages has become a thing of worry. “ For some months now, the network has continued to steal N20 daily from my account for games I never subscribed to, which makes a total of N620 monthly. “ Even after severally sending the 5510 stop code from 9mobile, the messages of nuisance have continued. Unfortunately also, since I sent the NCC 2442 stop code, the messages…

Read More

Customs: Hits N1 Trillion Revenue In 10 Months

Bayo Bernard The Nigerian Customs Service, NCS, appear ready to break the N1.3 billion revenue it generated last year for the federal government barely two months into the new year. There were initial fears that the Hameed Ali led NCS may fail to hit the revenue target set for it by the President Muhammadu Buhari administration due to lull in importation. Economic depression experienced during the first two years of the administration has affected all revenue generating agencies, including the customs. Revenue from its two major formations, Apapa and Tin…

Read More

Exclusive: Government May Further Devalue the Naira

By Uche Mbah There are palpable fears from economic intelligence quarters that the Federal Government may be forced to devalue the Naira once Again if the current global trends in global oil output persist. Those that this Magazine talked to last week are unanimous that if the current trend of oil boom continues, its sustainability is questionable unless there is a drastic act on the part of any of the world powers. American President Trump has been a bull in the China shop both locally and internationally, and may trigger…

Read More

Nigeria Customs Moving Operations To The ECOWAS Building At Seme-Krake Joint Border Post

By Stephen Ubanna The Nigeria Customs Service,  NCS,  Seme Command, Administrative machinery is gradually being moved to the multi-million dollar  Economic Community  of West African States, ECOWAS, building at Seme-Krake Joint Border  post. As a prelude to the movement  of  Mohammed Uba Garba,  the Comptroller of the Command and other  key  Departments of the Command to the ECOWAS, building, the Magazine learnt that the Import , Export , Economic and Trade Liberalization  Scheme, ETLS  and the Baggage Seats have already relocated  to the new office site to join their Beninois…

Read More

FCMB, WSBI Partnership Targets Two Million Farmers

First City Monument Bank FCMB, Nigeria’s top agro-business promoter has entered into partnership with World Savings and Retail Banking Institute (WSBI) to lift at least two million Nigerian farmers out of poverty. The Adam Nuru-led bank said the partnership will outline framework to deepen agency banking, financial inclusion and savings culture in the informal and agribusiness sectors. WSBI, according to the bank will provide technical oversight supervision on regular basis to ensure the success of the agreement. FCMB on its part will roll out an integrated savings account known as…

Read More