The Asset Management Corporation of Nigeria (AMCON) has said it is determined to recover N227 billion debt from Arik Air. The Head, Corporate Communications of AMCON, Mr Jude Nwauzor, made this known during an interactive session with aviation correspondents on Friday in Lagos. According to him, AMCON’s plan to liquidate …
Read More »Glo Festival of Joy promo draw holds in Abuja
Another draw for more winners in the ongoing Glo Festival of Joy promo has been held in Abuja. This is in continuation of Globacom’s yearly plan to excite and reward its subscribers across the country. The draw, held on Friday at the Gloworld, Aminu Kano Crescent, Wuse, was grace by …
Read More »Dangote Cement, FBNHoldings, others Lift Equity Market by N53bn
The equity market rebounded on Thursday from its previous session’s loss, gaining N53 billion. Investor interest in key stocks such as Dangote Cement, FBN Holdings, Guaranty Trust Holding Company, GTCO, and Fidelity Bank, alongside other advancing equities, contributed to the market’s positive performance. The market capitalisation increased by N53 billion, …
Read More »WEMA BANK KICKS OFF 2025 WITH N11,000,000 CASH PRIZE IN 5 FOR 5 PROMO SEASON
…Set to reward 131 Nigerians in first monthly draw of 2025* Wema Bank, Nigeria’s foremost innovative bank and pioneer of Africa’s first fully digital bank, ALAT, is set to reward 131 customers across Nigeria with N11,000,000 in cash prizes, in its first 5 for 5 Promo Season 4 monthly draw …
Read More »Depot price hike: Marketers jostle to join Ardova, Heyden in Dangote Refinery bulk-purchase incentives
… for competitive pump price Attracted by the bulk-purchase agreement incentives being offered by the Dangote Petroleum Refinery, more oil marketers in the country are jostling to be listed as beneficiaries of the agreement. The bulk-purchase agreement, the petroleum marketers reasoned, offers a guaranteed price stability as against purchase from …
Read More »FIRSTBANK CLARIFIES MISLEADING REPORTS, REASSURES CUSTOMERS OF GOLD STANDARD BANKING SERVICES
Our attention has been drawn to recent media reports regarding a commercial transaction between First Bank of Nigeria Limited (FirstBank) and General Hydrocarbons Limited (GHL) that is currently a subject of litigation. As a responsible and law-abiding corporate citizen of Nigeria with utmost respect for the courts, FirstBank will not …
Read More »Sterling Bank Increases Employee Salaries by 7%, Yet Employee Expectations Remain Unmet
Sterling Bank, a Nigerian tier-two commercial bank with a ₦174.76 billion market capitalization, has implemented a salary increase for its 3,000+ employees to mitigate the impact of increased living costs and inflation. This approximately 7% adjustment was internally communicated via memo in early January 2025. This decision aligns with a …
Read More »Stanbic IBTC Pension Managers re-introduces self-service channels, an innovative way for customers to serve themselves
Stanbic IBTC Pension Managers, a leading pension fund administration firm in Nigeria and a subsidiary of Stanbic IBTC Holdings PLC, has reaffirmed its commitment to enhancing customer experience by providing innovative solutions through the self-service channels. This is to ensure that customers get the support they need quickly. These self-service …
Read More »Emirates set to become the world’s first Autism Certified Airline
Emirates has launched an inspiring journey to officially become the world’s first Autism Certified Airline™, inviting customers with autism and sensory sensitivities to experience Emirates’ seamless services and personalized hospitality, making travel more accessible for all. The inaugural designation is set to be formally awarded by the International Board of Credentialing and …
Read More »NGX weekly: Investors gain N1.137trn as Wema, FBN, Universal lead
The Nigerian Exchange Ltd. (NGX) All-Share Index and Market Capitalisation appreciated by 1.80 per cent each, to close the week at 105,451.06 and N64.303 trillion respectively. Theses are against 103,586.33 and 63.166 trillion posted last week. Consequently, equity investors gained a total of N1.137 trillion for the week under review. …
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