FCMB Group has unveiled plans to raise N110 billion by issuing 15,197,289,219 ordinary shares of N0.50 each at N7.30 per share. This announcement was made by the Chief Executive Officer of First City Monument Bank, Ladi Balogun, during the “Facts Behind the Offer” presentation at the Nigerian Exchange Limited on Tuesday. Balogun explained that the…
The naira fell to a four-month low on Tuesday, trading at N1621.12 per dollar at the official window, compared to N1611.40 per dollar on Monday. This marked a 0.60 percent depreciation from the previous day’s close. This decline occurred despite recent interventions by the Central Bank of Nigeria (CBN), which sold dollars to authorized dealers…
Nigerian mobile operator, Globacom, has launched the Glo Health Insurance package, a micro-health insurance plan developed in collaboration with AXA Mansard Health Insurance to provide accessible healthcare for its subscribers. The Glo Health Insurance package leverages the extensive Glo mobile network to offer simple, affordable micro-health insurance coverage nationwide. Subscribers can access the service via…
President Bola Tinubu’s recent approval for the sale of crude oil to Dangote Petroleum Refinery in naira is set to significantly impact the pricing of domestically refined petroleum products, according to industry experts and oil marketers. The move, announced by Tinubu on Monday, directs the Nigerian National Petroleum Company Limited (NNPC) to sell crude to…
Nigerian aviation authorities have grounded Arik Air’s aircraft following a court order related to a $2.5 million debt owed to Atlas Petroleum International Ltd. The Nigerian Airspace Management Agency (NAMA) confirmed the move on Tuesday, citing enforcement by the FCT High Court. NAMA stated, “On July 19, 2024, the enforcement department of the FCT High…
By Ayomide Otitoju Achieving academic excellence is essential for securing a place in competitive markets, according to Mr TOBI Ayankunle He emphasizes that success requires seriousness, diligence, attention, and focus. Academic achievement extends beyond high grades or class participation; it involves going the extra mile, avoiding distractions, and maintaining determination until the goal is reached….
By Ayomide Otitoju Mr Dayo Ege asserts that Information and Communication Technology (ICT) is revolutionizing the 21st century, proving that globalization can be achieved seamlessly. Encompassing electronic computers, communication devices, and software applications, ICT processes, stores, protects, transmits, and retrieves information, making it a vital resource often referred to as the “new oil.” Globally, ICT…
Telecoms giant MTN has shut all its stores and service centres across Nigeria following subscriber outrage over blocked lines due to a mismatch in their National Identification Number (NIN) and SIM registration. In a viral video on social media, a mob is seen destroying a barricade fence outside the MTN office in the FESTAC Town…
By Ayomide Otitoju Access Bank has announced the disbursement of N740 billion through its digital loan platform, QuickBucks, over the past seven years, enhancing lending for Nigerian consumers. In a statement released on Monday, the bank highlighted that customers can utilize the QuickBucks platform for various purposes, including business loans, vehicle financing, and school fee…
