By Ayomide Otitoju Wema Bank, Africa’s first fully digital bank through ALAT, has kicked off 2025 by rewarding 131 customers with cash prizes totaling N11 million. The giveaway, part of the third monthly draw for the 5 for 5 Promo Season 4, will take place on January 24, 2025, in Warri, Delta State. Celebrating Customer…
By Ayomide Otitoju The Nigerian equity market bounced back on Thursday, gaining N53 billion after the previous session’s loss, driven by renewed investor interest in major stocks, including Dangote Cement, FBN Holdings, GTCO, and Fidelity Bank. Market PerformanceMarket capitalization rose by 0.09%, increasing from N62.257 trillion to N62.310 trillion at the close of trading. Similarly,…
By Ayomide Otitoju First City Monument Bank (FCMB) has announced the appointment of Felicia Obozuwa as its Executive Director of Corporate Services and Service Management, following approval by the Central Bank of Nigeria. In a statement released on Wednesday, the bank highlighted Obozuwa’s nearly three decades of experience in banking and leadership. “Her expertise and…
By Ayomide Otitoju Nigeria’s inflation rate edged up to 34.80% in December 2024 from 34.60% in November, driven by heightened demand during the festive season, according to the National Bureau of Statistics (NBS). The NBS disclosed this in its latest Consumer Price Index (CPI) report, which tracks changes in the prices of goods and services….
By Ayomide Otitoju Sterling Bank’s recent announcement of a 7% salary increase has been met with criticism and disappointment among its employees, who describe the adjustment as insufficient in the face of Nigeria’s soaring inflation. The increment will see Executive Trainees (ETs) receiving a monthly raise of ₦24,000, from ₦327,000 to ₦351,000, while Senior Executives…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has remitted ₦10 trillion to the federation account, reinforcing its position as the nation’s highest taxpayer and the sole Nigerian company to publish 100% of its financial statements annually. This was disclosed by the Group Chief Executive Officer, Malam Mele Kyari, on Wednesday during a…
By Ayomide Otitoju Bet9ja has concluded its record-breaking ‘N1 Billion Xmas Countdown’ promotional campaign, rewarding customers with prizes totaling ₦1 billion. The highlight of the campaign was a ₦100 million jackpot, won by Chukwudi Obijekwu, and a brand-new Changan SUV, which went to Temitope Oyerinde. Launched on December 12, the campaign aimed to spread generosity…
By Ayomide Otitoju The Niger Delta Development Commission (NDDC) has called on stakeholders in the Niger Delta to set aside political differences and unite for the region’s progress. Speaking at the Stakeholders Interactive Forum on the Borikiri-Okrika Bridge Project in Rivers State, the NDDC’s Executive Director of Finance and Administration, Alabo Boma Iyaye, emphasized the…
By Ayomide Otitoju First Bank of Nigeria Limited (FirstBank) has issued a statement to clarify misleading media reports surrounding its commercial transaction with General Hydrocarbons Limited (GHL), which is currently under litigation. The bank reaffirmed its commitment to due process and reiterated its dedication to providing gold-standard banking services. FirstBank explained that it would not…
