Ogun State, Nigeria, World News & Stories
4 posts.
Nine of Nigeria’s leading banks reported a combined profit after tax (PAT) of N4.115 trillion for the nine months ending September 2025, marking a 1.5 per cent decline from the N4.176 trillion recorded during the same period in 2024. The banks are Access Holdings, Ecobank Transnational, GT Holdings, FBN Holdings, Sterling Holdings, Stanbic IBTC Holdings,…
The Ogun State Police Command has detained a “credit officer of a microfinance bank,” Esther Hamidu, who allegedly “fled with customers’ contributions” amounting to “N1.97m.” According to PUNCH Metro, Hamidu disappeared with the daily contributions made by the bank’s customers, which “spanned between March and December 2023.” A branch manager in Abeokuta, the state capital,…
Reports by Vanguard and other online sources indicate that three Nigerian banks and their foreign affiliates, yesterday, took over Etisalat Nigeria for allegedly failing to repay a loan of over $1 billion (N541 billion) it secured from the consortium of three Nigerian banks and foreign affiliates in 2015. The Nigerian banks are Guaranty Trust Bank,…
According to the Nigerian Deposit Insurance Corporation, NDIC, about three million Nigerians lost N18 billion to the Ponzi scheme, popularly called Mavrodi Mundial Movement, MMM. This was the position of the Managing Director of the Corporation, Alhaji Umaru Ibrahim. Alhaji Umaru Ibrahim made this known while speaking at the ongoing 38th Kaduna International Trade Fair,…
