Godwin Emefiele did not mince words. First Bank’s leaders crossed the line and were made to pay, without hurting the bank’s minority shareholders and 31 million customers. Too big to fail does not mean too big to be flogged. Emefiele delivered the hammer in twenty minutes. Not via tweet or a memo (those are for […]
The Central Bank of Nigeria has announced the immediate removal of all of the directors of First Bank Nigeria Limited as well as FBN holdings.
In the letter seen by TechCabal dated April 26, 2021, the CBN stated, “Consequently, the company (Honeywell Group) is required to fully repay its obligations to the bank within 48 hours
On Tuesday evening, James Chijindu went to a mall in Lagos to grab a meal and groceries. When it came time to pay, his Guaranty Trust Bank and First Bank debit cards were unresponsive. So he called a GTBank helpline and the message was clear; Chijindu’s account was closed in accordance with the directive of […]
The BackEnd explores the product development process in African tech. We take you into the minds of those who conceived, designed and built the product; highlighting product uniqueness, user behaviour assumptions and challenges during the product cycle. — At 7:03pm on Tuesday, Zenith Bank put out a short statement on its official Twitter account. The […]
The loans are for driver-partners with an average rating of 4.5 or higher