With the continuous increase in the rate of recovery from the dreaded Coronavirus, Nigeria appears to be winning the war against the pandemic that has wreaked havoc across the globe. Data gathered from the Nigerian Centre for Disease Control by P+ Measurement Services in the month of August saw Nigeria recording …
Read More »9mobile doles out N20m, 1000 smartphones in ‘Mega Million’ promo
9mobile has announced the giveaway of N20 million naira, 1000 smartphones to customers in its promo tagged Mega Million promo. The promo, across various regions of the country, continues to gift lucky winners with life-changing uplift and relief especially in the wake of the economic effects of Covid-19. Mega Million …
Read More »AMCON takes over Hydro Hotels over N600m debt
The Asset Management Corporation of Nigeria (AMCON) has recorded another victory over an obligor whose total indebtedness is over N600million with the takeover of the assets of Hydro Hotels Limited. This was confirmed during the weekend by Mr. Jude Nwauzor, who is Head of the Corporate Communications Department at the …
Read More »Fuel, electricity tariff increase callous, insensitive, says YOV
…Demands immediate reversal The Yoruba One Voice (YOV), a coalition of all Yoruba groups and organisations in the diaspora consisting of more than fifty Yoruba organisations from the four continents of the world strongly display concerns over the federal government increase of electricity tariff and fuel price. In a press …
Read More »Access Bank earns N61bn in H1 2020
Access bank Plc, Nigerian tier-1 bank, and biggest in customer size has released its half-year ended June 2020 financial statement. The results revealed that the lender grew its Post Tax Profit by 1% Year-on-Year (YonY) to N61.0 billion from N61.8 billion. The Bank has therefore proposed an Interim Dividend of …
Read More »COVID-19: How ecommerce sustained thousands of jobs during lockdown
By Adedoyin Giwa Job cuts, layoffs, wage cuts, and employee redundancy have continued to exacerbate as the coronavirus (COVID-19) pandemic and its resultant global economic recession continue to take its damaging toll on our socio-economic life, the economy and every other human activity across countries. According to the recent update …
Read More »Curfew: Police detain Lagos doctor as pregnant woman, baby die
The life of a pregnant woman may have been saved if the doctor that was to operate on her was not allegedly held by policemen enforcing the curfew in place to restrict movement amid the COVID-19 pandemic. PUNCH Metro gathered that the surgeon was held for about one hour …
Read More »CBN pegs maximum loan for gas intervention fund at N10bn
The Central Bank of Nigeria (CBN) has pegged the maximum loan an obligor can access under its N250bn intervention fund for the gas sector at N10bn. It made this known in a guideline titled ‘Framework for the implementation of intervention facility for the national gas expansion programme’, which was released …
Read More »Magu: FCMB’s trouble worsens as Pastor Omale sues bank, MD for N5bn
L-R: Ibrahim Magu, FCMB CEO, Nuru and Pastor Omale Prophet Emmanuel Omale, the general overseer of Divine Hand of God Prophetic Ministry, has sued embattled First City Monument Bank (FCMB) and its managing director, Adam Nuru for N5 billion, before the High Court of the Federal Capital Territory Abuja. In the suit …
Read More »Panic as fraudsters hack FCMB database, steal customers’ N900 million
FCMB CEO, Adam Nuru The Economic and Financial Crimes Commission (EFCC), on Friday, arraigned seven suspects before an Ikeja Special Offences Court, Lagos, for allegedly hacking into the computer database of First City Monument Bank (FCMB) and transferring over N900 million belonging to customers of the bank into an unknown account. Reports …
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