Stanbic IBTC staff,Kehinde Oyelade charged to court over N3 Million Fraud

A bank staff of Stanbic IBTC, a new generation bank in Nigeria has been arrested and charged before a Magistrate’s court sitting in Ejigbo for allegedly diverting the bank’s customer’s N3m in the account in Lagos State Western Nigeria. The 29-year old Kehinde Oyelade allegedly tampered with the bank’s computer and diverted the money belonging […]

APR Plc Proposes 43 Kobo Final Dividend

Africa Prudential Registrars Plc has proposed a final dividend of forty-three (43) Kobo per share to the delight of its shareholders. This final dividend rounds up to sixty (60) Kobo total dividend for 2015 financial year, having paid an interim dividend of seventeen (17) Kobo on August 31, 2015 after releasing its half year financial […]

UBA Card Holders to enjoy free rides on Uber

Uber and UBA have today announced a partnership which offers UBA cardholders up to N6,000 worth of free Uber rides from now until 31 March 2016. UBA cardholders who sign up for Uber will get up to N3,000 off each of their first two rides. To get this offer, a customer needs to sign up […]

Jovago, AIG gets $84 million investment in new funding round

Jovago.com, one of Africa’s leading hotel booking website, and AXA, a worldwide leader in Insurance and Asset management announced today a partnership to develop the expansion of Jovago in a new round of funding aimed at boosting its activities in Africa. This would further ensure the expansion of the business and strengthen the brand in […]

International Forum on Islamic Finance (IFIF) gathers powerhouses from across global Islamic finance industry

  Islamic banking leaders and dignitaries from across Africa and the Middle East gathered today at the 2nd annual International Forum on Islamic Finance (IFIF 2016) (www.IFIF2016.com). Held under the patronage of the Government of the Republic of the Sudan, the Central Bank of Sudan and the Ministry of Finance & Economic Planning – and […]

Hello! Union Bank wants to break the Youth market

Hello! Union Bank wants to break the Youth market

By Niyi Tabiti Back in the days, Union Bank pay off “Big, Strong,Reliable” was very exciting to the ears.The adverts was shown regularly on television with the logo of a horse.Union bank was always on the top five best banks in Nigeria.    However, Gistmaster findings show that Union bank management forgot to consolidate on […]

Stanbic IBTC Directors suspended by Financial Council over Irregularities in Financial Statements

Stanbic IBTC Directors suspended by Financial Council over Irregularities in Financial Statements

The Financial Reporting Council of Nigeria has suspended the Chairman of Stanbic IBTC Bank Plc, Atedo Peterside; its Managing Director, Sola David-Borha; and two staff of KPMG, Arthur Oginga and Dr. Daru Owei, over accounting irregularities and improper disclosures in Stanbic IBTC’s 2013 and 2014 financial statements. The FRC in a statement on Monday, said […]

Global Recognition for Nigerian Stock Exchange

Global Recognition for Nigerian Stock Exchange

The Nigerian Stock Exchange’s efforts to at promoting corporate social responsibility and sustainability received boost recently when the bourse was honored with the Best Corporate Social Responsibility Company Award in New York, United States at the African Business Awards.  The African Business Awards, launched in 2008 by African Business magazine, is designed to celebrate excellence […]

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