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CBN Queries UBA Over 1.5Billion Anchor Borrowers Loan Disbursement

The United Bank of Africa, UBA has been queried by the Central Bank of Nigeria (CBN) over the disbursement of N1.5 billion to 6000 farmers in Sokoto state under the Anchor Borrowers Programme of the apex bank meant to assist in rice production. In a letter dated August 2, 2018, ...

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FAAN Warns Politicians Over Security Breaches at Airport

As preparations towards the 2019 general elections draw near, the Federal Airports Authority of Nigeria (FAAN) has warned politicians not to breach security rules at the nation’s airports, insisting that the airport environment is a highly regulated environment and should be seen as such. In an official statement made available ...

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First Bank Launches Chat Banking on Whatsapp

FirstBank has announced the launch of chat banking on WhatsApp. FirstBank customers can leverage the real-time messaging capabilities of the WhatsApp Business solution to check their account balances as well as perform simple banking queries. The launch which took place on Wednesday, August 1, 2018, is in its pilot phase ...

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Bad Weather: NAMA Installs Safety Equipment in Abuja, Lagos Airports 

To ensure the smooth landing of aircraft during extremely bad weather, the Nigerian Airspace Management Agency, NAMA says it is presently installing Category III Instruments of Landing Systems, ILS in Abuja and Lagos as pilot projects The Managing Director of NAMA, Capt Fola Akinkuotu, who disclosed this at the ongoing ...

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Aviation Expert Picks Holes in Formation of Nigeria Air, Says It’s ‘Paper Airline

Aviation lawyer and the Director of Flight Operations of the defunct Nigeria Airways, Capt. Dele Ore, has reiterated the need for the Federal Government to pay off workers of the liquidated national carrier for the new Nigeria Air to succeed. Ore, who spoke against the backdrop of plan by the ...

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Minister Assures on Delivery of National Carrier by December

Ahead of the planned midwife of a flag carrier for the country in the aviation sector this year, the Minister of State for Aviation, Senator Hadi Sirika, has assured that the December 2018 takeoff date of the proposed national carrier remains unchanged. Sirika gave the assurance while receiving the Outline ...

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FirstBank Set To Launch Innovation Lab

FirstBank is set to launch an initiative it says will birth an era of better, faster and more efficient banking. The initiative – Innovative laboratory will be launched on Thursday, July 5th, 2018 at the ‘Yabacon Valley’! Yaba area of Lagos, which is a leading hub for high-tech innovation and development. ...

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N5bn Fraud: Supreme Court Asks Akingbola, Ex-bank MD, To Face Trial

The supreme court has ordered Erastus Akingbola, to face trial at the federal high court, Lagos, over his alleged N5 billion fraud charge. The Economic and Financial Crimes Commission (EFCC) had arraigned Akingbola, ex-managing director of the former Intercontinental Bank Plc. On Friday, a five-man panel of the apex court ...

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Nigerian Banks Lose ‘2m Customers’ In Two Years

Data made available by the Nigeria Inter-Bank Settlement System (NIBSS) show that banks lost two million customers between 2016 and 2017. The total number of bank accounts dropped to 59 million in 2017 from 61 million in 2016. According to NAN, the number of active bank accounts also reduced by ...

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We Recorded Over N1 Trillion On *894 Quick Banking Channel- FirstBank

First Bank of Nigeria Limited says it has recorded over N1 Trillion via its 894 quick banking, a USSD based channel that enables customers to access banking services using any type of phone and without data/internet. The 894 banking scheme, which is the fastest growing USSD scheme in the market, ...

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