Banking
UBA: UBA Secures Interim Court Orders in $242m Petroleum Products Dispute
UBA has obtained interim preservative orders in a petroleum-products dispute involving an alleged $242 million transaction, while the substantive claims...
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NDIC: NDIC Opens Final Dividend Claims for Defunct Progress Bank Stakeholders
The NDIC has invited eligible Progress Bank stakeholders to submit claims ahead of final liquidation dividend payments following recoveries from...
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FirstBank: FirstBank Reassures Customers Over FirstMobile Security After Viral Warning
FirstBank says its FirstMobile application remains secure and operational after a misleading WhatsApp voice message alleged that the platform had...
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NDIC: NDIC Sets One-Month Deadline for Progress Bank Stakeholders to Claim Final Dividends
The NDIC plans to distribute final liquidation dividends to eligible Progress Bank stakeholders following recoveries, with claims due within one...
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CBN: CBN, NCC Move to Expand Fraud Detection System Across Financial Services
The CBN and NCC are working to extend phone-number risk verification across more sectors, aiming to reduce fraud involving recycled...
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Access Bank outlook turns positive as Fitch highlights improving banking-sector prospects
Access Bank has received a Positive outlook revision from Fitch Ratings, reflecting improved expectations for Nigeria’s banking environment while leaving...
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NDIC invites Progress Bank stakeholders to claim final liquidation dividends
The NDIC plans to distribute final liquidation dividends to eligible stakeholders of Progress Bank of Nigeria following recoveries made during...
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Fitch Revises Fidelity Bank Outlook to Positive as Sector Prospects Improve
The rating agency sees improving prospects for Nigeria’s banking environment, although Fidelity Bank’s long-term issuer rating remains unchanged.
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UBA Wins Court Ruling in ₦156 Billion Stallion Group Debt Recovery Case
The Federal High Court upheld the appointment of a receiver-manager in the bank’s effort to recover outstanding obligations from Stallion...
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NDIC Sets One-Month Deadline for Progress Bank Liquidation Claims
The corporation plans to pay final liquidation dividends to eligible depositors, creditors and shareholders following recoveries from the defunct bank.
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