By Ayomide Otitoju Polaris Bank has added another accolade to its growing list of achievements, emerging as the Sectoral Winner in the Banking and Other Financial Institutions category at the 2024 NECA Annual Employers’ Excellence Awards. The award, presented during the 4th edition of the NECA Excellence Awards at the Balmoral Convention Centre, Ikeja, recognizes…
By Ayomide Otitoju Access Holdings Plc has announced the establishment of its first fully owned subsidiary in Malta, The Access Bank Malta Limited, through its subsidiary, The Access Bank UK Limited. The banking licence for the new entity has been approved by the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA), marking…
By Ayomide Otitoju The Nigerian Civil Aviation Authority (NCAA) has announced plans to sanction airlines that fail to promptly refund passengers for unused tickets, as mandated by its 2023 regulations. Michael Achimugu, the NCAA’s Director of Public Affairs and Consumer Protection, emphasized that ticket refund compliance is a critical component of the agency’s consumer protection…
Norwegian energy giant Equinor has officially ended its 31-year business partnership with Nigeria, completing the sale of its oil assets on December 6, 2024. The company announced the divestment as part of its broader strategy to streamline its international portfolio and focus on competitive projects. “With this exit, we realize value and execute our strategy…
By Ayomide Otitoju FCMB Group Plc has forecast gross earnings of N226.93 billion for the first quarter ending March 31, 2025. The projection, outlined in its earnings forecast filed with the Nigeria Exchange, highlights an expected interest income of N197.4 billion, with interest expenses pegged at N101.99 billion, resulting in a net interest income of…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPCL) has announced that the rehabilitation of the 150,000 barrels per day (bpd) Port Harcourt Refining Company (PHRC) has surpassed 90% completion. This update was provided by the Group Executive Vice President, Downstream, Isiyaku Abdullahi, during a facility tour on Monday by labour leaders from the…
By Ayomide Otitoju Dangote Sugar Refinery Plc has unveiled a plan to raise N50 billion from investors in the debt capital market through the issuance of Series 6 and Series 7 commercial papers, under its N150 billion debt programme. According to Market Watch, the Series 6 commercial paper has a 180-day tenor, offered at a…
The Nigeria Civil Aviation Authority (NCAA) has called on air travelers to better understand their rights and responsibilities amid challenges faced at airports. Michael Achimugu, the NCAA’s Head of Consumer Protection, made this appeal during a sensitization road walk held on Saturday in Port Harcourt, Rivers State. Achimugu emphasized the need for awareness, particularly during…
By Ayomide Otitoju In a bold move to bolster Nigeria’s creative arts sector, FirstBank has launched Bluu TV, a new entertainment hub dedicated to showcasing African storytelling and innovation. The unveiling, held on Friday, also marked the premiere of A Heart on the Line, an original series on the platform. Speaking at the event, Segun…
