By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reaffirmed its commitment to increasing Nigeria’s crude oil production to 2 million barrels per day (bpd) and beyond by the end of 2024. This was disclosed on Monday by NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, in response to reports alleging discrepancies between…
By Ayomide Otitoju Zenith Bank Plc has officially unveiled its iconic annual Christmas decorations along Ajose Adeogun Street and Roundabout in Victoria Island, Lagos, marking the start of the festive season. The grand Light-Up ceremony, held on Saturday, was launched by the Group Managing Director/Chief Executive of Zenith Bank Plc, Adaora Umeoji. This initiative, now…
By Ayomide Otitoju First City Monument Bank (FCMB) has partnered with EStars to bring esports education to Nigerian primary and secondary schools, aiming to equip students aged 7 to 14 with vital skills for the digital age. In a statement, FCMB announced that the initiative seeks to introduce young Nigerians to essential 21st-century skills such…
By Ayomide Otitoju The Nigeria Deposit Insurance Corporation (NDIC) has assured customers of the defunct Heritage Bank that their funds are secure following the bank’s closure and the revocation of its license by the Central Bank of Nigeria (CBN) on June 3, 2024. The Managing Director and CEO of NDIC, Bello Hassan, represented by Executive…
By Ayomide Otitoju Wema Bank, Nigeria’s most innovative financial institution and the pioneer of Africa’s first fully digital bank, ALAT, marked International Fraud Awareness Week 2024 with a seminar focused on combating fraud and protecting customers’ financial interests. The event, held on Wednesday, November 20, 2024, at Wema Bank’s Head Office in Lagos, aligned with…
By Ayomide Otitoju The Nigeria National Petroleum Corporation Limited (NNPCL) has filed a preliminary objection to a lawsuit by Dangote Petroleum Refinery and Petrochemicals FZE, which seeks to secure exclusive rights to supply petroleum products in Nigeria. Represented by a legal team led by Mr. Kehinde Ogunwumiju (SAN), the NNPCL described the suit as premature…
By Ayomide Otitoju Mr. Daniel Mayuku, Chairman of the Delta State Security Trust Fund, has emerged as the first winner of a Toyota Prado in the ongoing Globacom Festival of Joy promotion. The grand prize was presented to him on Thursday, November 21, at Gloworld, Delta Mall in Warri. Hon. Emomotimi Guwor, Speaker of the…
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has committed to collaborating with key stakeholders to develop and commercialize football in Nigeria. The pledge was made by NNPC’s Group Chief Executive Officer (GCEO), Mr. Mele Kyari, during a meeting with a delegation from the National Sports Commission (NSC), the International Management Group…
By Ayomide Otitoju Amid a concerning surge in scam attempts targeting mutual fund holders, Stanbic IBTC Asset Management has rolled out a robust campaign to protect customers and educate them on secure investment practices. The initiative addresses a recent uptick in fraudulent messages that provide inconsistent or incorrect account details for mutual fund subscriptions, causing…
