Business

  The FirstBank Digital Xperience Centre (DXC) in the University of Ibadan (U.I) is the Bank’s second fully automated self-service centre. The first DXC is at the Bank’s remodelled Adetokunbo Ademola branch, Victoria Island, Lagos. Furnished with the latest advancements in financial technology, it is one of the many ways …

A magistrate court in Abuja has convicted and jailed a lawyer for six months over defamatory publication against the Dangote Cement Plc. The convict, Augustine Addeh, of the law firm, Mokidi and Co., had caused the publication of an advert in the Nation Newspapers of Friday November 6, 2015, where …

Emirates, the world’s largest international airline has announced it will operate an additional five-a-week service to London Heathrow starting from 31 October 2023 until 30 March 2024. This temporary service will meet market demand during the busy winter season and offer customers more travel choices.   Emirates currently serves London …

GCEO, NNPC LTD, Mele Kyari The Arewa Youth Assembly has hailed the Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mr. Mele Kyari for securing a $3bn emergency loan from the African Export-Import Bank to ease pressure on the naira. The Assembly said the heroic move of the …

The Nigeria Extractive Industries Transparency Initiative (NEITI) Executive Secretary, Orji Ogbonaya Orji …Spends N2bn Daily From Crude Oil Proceeds Within a period of 21 years covering 1999 to 2020, Nigeria earned $741.5bn and N635.3bn from the oil/gas and solid minerals sectors respectively. The figure was released by the Nigeria Extractive …

Seplat Energy Plc’s oil drilling platform suffered a major reversal yesterday as the company’s oil drilling rig capsized near Ovhor, Delta State. Seplat Energy is the operator of Seplat/NNPCL joint venture. The company’s production guidance for 2023 is between 45,000 and 55,000 boepd. Chief Executive Officer, Seplat Energy Plc, Mr Roger …

MoneyMaster PSB (MMPSB), a major payment service bank promoted by Globacom, is embarking on a reward scheme for Glo subscribers in the Lagos area who register and activate their own G-Kala wallets. The proposed reward, offering airtime for subscribers who seize the opportunity to register their G-Kala wallets under the …

Twitter A legal practitioner, Mr Maxwell Opara, has filed an alleged defamatory suit seeking N10 billion in damages against Twitter and the Department of State Services (DSS). In the writ of summons marked: FCT/HC/CV/7186/23 and filed at the FCT High Court by Malachy Nwaekpe, Opara listed Twitter Nigeria Limited and Director-General (DG) …

The Federal Government is apparently pursuing a five-year jail term against the suspended governor of the Central Bank of Nigeria, Godwin Emefiele, having instituted a fresh 20 counts procurement fraud charges against him which relies heavily on Section 19 of the Corrupt Practices and Other Related Offences Act 2000. That …

The 11th Annual General Meeting (AGM) of FBN Holdings Plc (FBNHoldings), the parent company of Nigeria’s premier financial inclusion services provider, FirstBank, was held on Tuesday, 15 August 2023. The virtual AGM was presided over by Alhaji Ahmad Abdullahi, the Group Chairman with shareholders, directors, Management staff and other stakeholders …