Keystone Bank Denies Hiding $17m TSA Funds

By Adedapo Adesanya Pan-African Banking-as-a-Service (BaaS) provider, Anchor, has announced its seed raise of $2.4 million to launch new products, invest in its licensing and compliance infrastructure, and evaluate expansion markets. The round was led by Goat Capital, with participation from FoundersX, Rebel Fund, and others, including Y Combinator. Byld Ventures, who led the pre-seed, also participated in the seed round. The funds raised will be allocated towards investing in its licensing and compliance infrastructure, launching its new products, and researching expansion markets. This will help Anchor realise its mission to drive financial access and prosperity by empowering more participants

By Dipo Olowookere Schools have been urged to choose Ecobank Nigeria Limited as their preferred financial institution for fee payments and collections because of the exciting advantages the lender offers. The Head of Consumer Banking at Ecobank, Mrs Korede Demola-Adeniyi, made this appeal while rolling out the special loan packages designed by the bank for its back-to-school initiatives. Mrs Demola-Adeniyi said the financial institution created some packages for parents, guardians and schools in line with its overall strategy to support the development of the nation’s education sector. According to her, there is a Banking-for-School pack for educational institutions to access

By Aduragbemi Omiyale The chief executive of CardinalStone Finance, formerly CSAdvance, Mr Ayoola Adeola, said the company would deliver enhanced financial solutions and empower its customers with financial flexibility. Mr Adeola said this while commenting on the recent change of name of the organisation, done because it intends to offer a comprehensive range of financing solutions to a diversified clientele, including SME businesses and high-net-worth individuals. CardinalStone Finance is the subsidiary of CardinalStone Partners Limited. The firm said the transition marks a pivotal moment in the group’s pursuit of becoming a world-class financial services firm, catering to the evolving needs

By Aduragbemi Omiyale If Nigerian banks intend to have a competitive advantage in the global market, then they must quickly integrate environmental, social, and governance (ESG) principles into their business strategies. This was the submission of the chief executive of the NGX Regulation Limited (NGX RegCo), Ms Tinuade Awe, at the 16th Annual Banking and Finance Conference organised by the Chartered Institute of Bankers in Nigeria (CIBN) in Abuja. Recall that Nigeria has made a commitment to adopt the International Sustainability Standards Board (ISSB) standards. At a panel session titled ESG in the Financial Services Industry: Challenges, Opportunities, and the

By Dipo Olowookere A new revenue reporting template is being prepared by the Federation Accounts Allocation Committee (FAAC) for the Nigerian National Petroleum Corporation (NNPC) and other members of the revenue sharing committee. Minister of Finance, Mrs Kemi Adeosun, at a news briefing on Thursday in Abuja, disclosed that the new template would address the key areas of disputes between Governors of the 36 states of the federation and the state-owned oil firm. According to her, the committee constituted to work on the new template should submit a draft before the next meeting for review. There had been disputes between

The football calendar has the privilege of opening with Copa São Paulo, the famous, prestigious and beloved “Copinha”. Clubs from all over Brazil come to São Paulo with their youth teams, to compete in a tournament that always ends up revealing an ace, always ends up delivering talented and very promising players to professional teams. Any site, as here at https://www.online-casinos.ng, will attest that many players will not reach the top teams this 2022 season, as well as many will appear on the national scene unexpectedly, without fulfilling the stages considered normal in the evolution of a player. Regardless of

By Dipo Olowookere The need to assist women in the society with funds required for them to take their start-up businesses to another level has been highlighted by Mrs Aisha Buhari, wife of Nigeria’s President, Mr Muhammadu Buhari. Speaking during the graduation and certificate presentation to 1000 women who received skills training from her Future Assured programme, in Kano, Mrs Buhari called on both political and corporate leaders to assist women so that they can engage in income generating activities. The President’s wife also appealed to women to engage in income generating activities so that they can live more productive

By Dipo Olowookere The management of Arik Air has been summoned by the Consumer Protection Council (CPC) following complaints of alleged ill-treatment by passengers of recent London-Abuja flights. The airline has been directed to appear before it tomorrow to provide facts relating to the allegations. The summons, which was issued by the council on Wednesday, was directed at the airline’s Chief Executive Officer, Mr Michael ArumemiIkhide, the Chief Operating Officer, Conor Prendergast and the Managing Director, Chris Ndulue, to appear before the Council. According to the summons, the council disclosed that it received “complaints/information from the public and passengers on

By Modupe Gbadeyanka Companies and business owners in Delta State have been urged to file their annual tax returns for the year 2017. This call was made by the Delta State Board of Internal Revenue (DBIR). The agency noted that furtherance to the provision of the Personal Income Tax Act 2011 (LFN) as amended, all organisations in Delta State are required to furnish our office with employers Annual Tax Returns for 2017 tax year. It explained that the Annual Tax Return is a statutory requirement pursuant to section 81 (2) and (3) of the personal Income Tax Act 2011 (LFN)

By Adedapo Adesanya Nigeria’s state oil regulator, the Nigerian National Petroleum Company (NNPC) Limited, has denied that it exported 17.877 million barrels of crude oil without proper documentation in four years. In a statement dated Wednesday, January 4, and signed by its chief corporate communications officer, Mr Garba Deen Muhammad, the NNPC said, “Our attention has been drawn to an online publication, alleging that NNPC illegally exported 17.877 million barrels of crude oil from 2016 to 2020. The Nation Newspaper on January 2 reported that it obtained an exclusive document signed by former Auditor General of the Federation, Mr Adolphus

By Adedapo Adesanya The bulls made a return to the NASD Over-the-Counter (OTC) Securities Exchange following a 0.22 per cent rise on Monday, September 26. The favourable outcome came on the back of gains recorded by Central Securities Clearing System (CSCS) Plc and FrieslandCampina Wamco Nigeria Plc. CSCS Plc appreciated by 37 Kobo to close at N12.90 per unit in contrast to N12.53 per unit as Friesland made a 10 Kobo growth to close at N73.10 per share as against the previous session’s N73.00 per share. As a result of this, the NASD unlisted securities index (NSI) moved up by

By Adedapo Adesanya English football giants, Manchester United Football Club, have restructured key managerial positions with the promotion of John Murtough to Football Director and Darren Fletcher to Technical Director. The club in a statement released on Wednesday and seen by Business Post said the two new roles will further strengthen the football outfit’s operations. In his capacity, Mr Murtough will have overall leadership and responsibility for operations and strategy across all football functions, reinforcing the strong foundations already in place. Manchester United further said the new Football Director would build on past experience and work closely with the club’s