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Nigerian Banks Stop Usage Of ATM, PoS Transactions Abroad Over Dollar Scarcity

Also suspended by the banks are online transactions priced in foreign currencies. ....

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AfCFTA: Access Bank targets high-potential markets

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Tue Apr 27 2021
Access Bank Plc made bold its intentions in 2020 to play big on the African stage with a series of cross border acquisitions and now sustaining the momentum thus far in 2021.
In furtherance of this drive, Access Bank Plc last week entered into a definitive and binding agreement with ABC Holdings Limited to acquire 78.15 per cent shareholding in the African Banking Corporation of Botswana Limited (BancABC Botswana).
The transaction, which is subject to regulatory approvals and customary conditions precedent, is expected to close before the end of this quarter.
ABC Holdings is a subsidiary of London Stock Exchange listed group – Atlas Mara Limited. ....

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Emefiele: Nigerian companies to access markets worth $666bn through AfCFTA

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Abducted Ekiti monarch found in Kwara forest
David Oyewumi, the Obadu of Ilemeso Ekiti, who was kidnapped by gunmen in Oye LGA of the state last Thursday, has regained his freedom.Advertisement Sunday Abutu, spokesman of the Ekiti.
Flour Mills expands Sunti sugar estates to 22,000 hectares with new acquisition
Flour Mills of Nigeria (FMN) has acquired an additional 5,200 hectares of land at its Sunti golden sugar estates.Advertisement The additional land acquisition brings the total size of the Sunti.
‘No point rushing into a fruitless dialogue’ Ngige explains delayed meeting with JUSUN
Chris Ngige, minister of labour, has explained why the federal government delayed its meeting with the Judicial Staff Union of Nigeria (JUSUN), and the Parliamentary Staff Association of Nigeria (PASAN).Advertisement. ....

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Zenith Holds 30th AGM, Declares ₦696.5bn 2020 Gross Earnings

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Zenith Bank on Tuesday held its 30th Annual General Meeting at the Civic Centre in the Victoria Island area of Lagos State.
The meeting held in spite of the COVID-19 pandemic which crippled among other things, economic activities in 2020.
Despite the challenges, the bank being Nigeria’s tier-one lenders recorded a 5% increase in its gross earnings placing its result for the year ended December 31 2020 at ₦696.5 billion from ₦662.3 reported the previous year.
Zenith Bank Plc, Founder/Chairman, Mr. Jim Ovia addresses attendees at the 30th Annual General Meeting in Lagos on March 16, 2021. Credit: Zenith Bank

According to the bank’s Chairman, Jim Ovia, the result was achieved through the resilience of the brand as well as the ability of the bank to leverage the innate opportunities within the environment. ....

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Offa bank robbery: How Zenith Bank was invaded by armed bandits ― Masked witness

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A masked male witness on Tuesday gave a detailed account of how the a new generation bank in Offa, Kwara State, was attacked by suspected armed robbers on April 5, 2018, before a Kwara State High Court sitting in Ilorin.
All the five suspects in the 2018 Offa bank robbery, Ayoade Akinnibosun, Ibikunle Ogunleye, Adeola Abraham, Azeez Salawu and Niyi Ogundiran, were present in the court.
Code-named AA, the prosecution witness said that the witness was a security man and the chief security officer in the bank on the day the robbery incident took place.
He narrated how the suspected armed robbers stormed the bank, scared people away, including the police officers attached to the bank. ....

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