Kunle Awosika

Nigeria’s longest-surviving indigenous bank, Wema Bank Plc. has reacted to the cheque forgery allegation whereby it was widely reported that a Magistrate Court in the Federal Capital Territory (FCT), Abuja has ordered the arrest of its Managing Director, Ademola Adebise.

United Bank for Africa Plc, Africa’s global bank, today announced the appointment of Oliver Alawuba as Group Managing Director, overseeing all the Group’s banking operations across its twenty African country network and globally in the United Kingdom, the United States of America, France, and the United Arab Emirates.

Undoubtedly, Nigeria’s economy, education and security sectors are facing serious challenges that threaten the livelihood of the country’s citizens.

In a bid to ensure that Cement becomes available in all African countries, Chief Executive Officer of Dangote Cement, Michel Puchercos, has revealed that his company is ramping up production in its Okpella plant, Nigeria and progressing well to deploy grinding plants in Ghana and Cote d’Ivoire.

One of Nigeria and Africa’s largest Bank’s United Bank for Africa, UBA is set to announce Oliver Alawuba as its new Managing Director/CEO.

Keystone Bank Limited, one of Nigeria’s leading retail lenders, has launched a special savings account for business owners tagged: ‘Keystone Apprentice Settlement Savings Account.’

The seemingly intractable crisis in the Peoples Democratic Party, PDP, continues as the Rivers State Governor, Nyesom Wike, on Sunday, held a secret meeting with some governors of the party in Abuja amid defection rumour.

The Department of State Service (DSS) reportedly captured a Boko Haram commander in Ogun State, a development that caused anxiety parts of Abeokuta, the state capital on Sunday.

The government of Imo State has accused Innoson Vehicle Manufacturing Company of breach of contract in response to the allegation by the car maker that the Imo government is owing it over N2.5 billion.

The Electricity Distribution Companies (DisCos) in Nigeria on Sunday reacted officially to the takeover/restructuring of five DisCos by the Federal Government through the Bureau of Public, describing the move as a backdoor renationalisation of the power firms.