Fidelity Bank has promoted 745 employees following its 2019 and 2020 financial years performance reviews. The promotion is to boost staff’s morale and enhance their efficiency and productivity. In a statement at the weekend, the bank stated that a total of 461 staff members benefited from the 2019 financial year exercise, while 284 staff members…
Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings PLC, has organised a webinar aimed enlightening the public about safe investment. The session themed ‘Investing in uncertain times’ via Instagram, as part of the Stanbic IBTC #BlueTalks series, featured Head, Investment Management, Fadekemi Obasanya, and Fund Analyst, Ekene Nwaokoro, both of Stanbic IBTC Asset…
The Accident Investigation Bureau (AIB) has denounced the rumour making the rounds that Air Peace plane crashed in Ilorin. Mr Tunji Oketunbi, AIB General Manager, Public Affairs, said this in a statement on Saturday in Lagos. Oketunbi said that “there was no crash whatsoever,” adding that the tyres busted after landing. “This is to confirm…
Uganda handed nearly $30m to members of parliament (MPs) to buy new cars this week, sparking outrage in a poor country where the coronavirus pandemic has wreaked havoc. Each of the 529 lawmakers received 200 million shillings ($56,500) to get new vehicles at a time when COVID-19 cases are surging. On June 18, President Yoweri…
One of the telecom giants in Nigeria, Globacom has said that it will reward subscribers with the 22 times the value of every recharge from N100. The telecommunications company, in a statement said “Customers who recharge with N100 will be credited with N2,200 value. The statement said further that subscribers would first get the N100…
When in February, the Central Bank of Nigeria (CBN) directed banks and other financial institutions to cease transactions in cryptocurrencies and facilitating payment for cryptocurrency exchanges, several stakeholders raised concern about the directive. In the memo, dated February 5, the apex bank instructed banks and other financial institutions to identify individuals or entities that transact…
Many, with the trend of appointments, particularly in the private sector in Nigeria, see women as shattering glass ceilings in their numbers. The past two years have seen Mrs Toki Mabogunje and Hajiya Saratu Iya Aliyu emerge as Presidents of the Lagos Chamber of Commerce and Industry (LCCI) and the Nigerian Association for Chambers of…
The National Engineering and Technical Company (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC), has reported a profit before tax of N3.37 billion for the year ended Dec. 31, 2020. The News Agency of Nigeria (NAN) reports that Mr Adeyemi Adetunji, Chairman, Board of Directors, NETCO, made the disclosure on Thursday at the…
Fidelity Bank Plc on Thursday splashed N39 million on 15 customers in the final draw of its Get Alert In Millions (GAIM) Season 4 savings promo. The News Agency of Nigeria (NAN) reports that the cash prizes were in the categories of N10 million grand prize, N3 million, N2 million and N1 million, respectively. NAN…