Court awards £1m damages against Union Bank over ‘illegal’ £130.7m deduction from NICON’s account
Written by Tomiwa Aboyade
10 July, 2025
Union Bank of Nigeria is currently entangled in a legal battle after a Lagos State High Court nullified its deduction of £130,720,557.06 from the account of NICON Investment Limited over an alleged debt.
Dangote Refinery reduces fuel price again, ex-depot price now N820 per litre
Written by Tomiwa Aboyade
08 July, 2025
Dangote Refinery has again within a week interval reduced its ex-depot the price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 per litre to N820 per litre, effective immediately.
Union Bank Strengthens Public-Private Partnership at Maiden International Civil Service Conference
Written by Tomiwa Aboyade
08 July, 2025
Union Bank, one of the nation’s most respected financial institutions,reinforced its commitment to national progress as a proud partner of the inaugural International Civil Service Conference held on June 25 and 26, 2025 at the Eagle Square Arena, Abuja
Aviation Minister Inaugurates Enugu Air's Maiden Flight, Commends Gov. Mbah's Visionary Investment
Written by Tomiwa Aboyade
07 July, 2025
In a historic moment for Nigeria’s aviation sector and regional air connectivity, the Honourable Minister of Aviation and Aerospace Development, Festus Keyamo SAN, CON, FCIArb (UK), today inaugurated the maiden flight of Enugu Air, a state-owned carrier established by the Enugu State Government under the leadership of His Excellency, Dr. Peter Ndubuisi Mbah.
Zenith Bank Promises Investors Smooth Exit from CBN Regulatory Forbearance by June 30, Reaffirms Commitment to Ongoing Dividend Payments
Written by Kunle Awosika
19 June, 2025
Zenith Bank Plc, Nigeria’s biggest bank by Tier-1 Capital, has assured shareholders and investors of its readiness to satisfy all relevant conditions to exit the Central Bank of Nigeria’s (CBN) regulatory forbearance by June 30, 2025.
Alleged $12m fraud: Court fixes date for arraignment of SunTrust Bank CEO
Written by Kunle Awosika
28 May, 2025
The Federal High Court in Abuja has fixed June 4 for the arraignment of Halima Buba, Managing Director/Chief Executive Officer (CEO) of SunTrust Bank Ltd, over alleged money laundering to the tune of 12 million U.S dollars.
Alleged $12m fraud: EFCC to arraign SunTrust Bank MD, Halima Buba, director
Written by Kunle Awosika
28 May, 2025
The arraignment of Halima Buba, the Managing Director/Chief Executive Officer of SunTrust Bank Ltd, and Innocent Mbagwu, the bank’s Executive Director/Chief Compliance Officer over alleged $12 million fraud could not proceed on Tuesday, May 27, 2025 due to the absence of the two defendants in court.
UBA Launches Game-Changing PoS Terminal and MONI App - Africa's Digital Payment Revolution Begins
Written by Kunle Awosika
13 April, 2025
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has unveiled its vastly improved Point of Sale (POS) Terminal as well as the UBA MONI App to redefine the digital payment landscape and empowering small and Medium Scale Enterprises across Africa.
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