The Group Managing Director of First Bank Nigeria Holdings, Urum Kalu (U.K) Eke, has resigned from his position before the end of his tenure amid a leadership tussle at the lender. U.K Eke was appointed in 2016 as the GMD of FBN Holdings. He has however tendered his resignation to the company since August 10,…
The World Bank has decried the continued spending by the Nigerian government on petrol subsidy, which it said is on track to gobble up N2.9tn this year. Its Country Director for Nigeria, Shubham Chaudhuri, who spoke on Monday at a panel session during the 27th National Economic Summit, said the country could channel the money…
It was a busy week for the Nigerian National Petroleum Company Limited (NNPC) as the Group Managing Director (GMD) Malam Mele Kyari, addressed the 17th All Nigerian Editors’ Conference in Abuja, as Special Guest of Honour. The conference was an opportunity for the NNPC to spread the message of energy transition and its benefit to…
The Nigeria Incentive Based Risk Sharing System for Agricultural Lending (NIRSAL) says it is ready to partner with the Nigerian Guild of Editors (NGE) on empowerment to enhance their livelihood even after retirement. Mr Aliyu Abdulhameed, the Managing Director and Chief Executive Officer of NIRSAL disclosed this during his keynote address at the 17th All…
The Minister of Petroleum Resources (State), Timipre Sylva has said Nigeria is currently producing about 1.3million barrels of crude oil per day. The minister, who was represented by a Permanent Secretary of the ministry, Nasiru Gwazo, disclosed this during an address he presented at the just-concluded 2021 convocation ceremony of the Petroleum Training Institute, Effurun,…
The holding company of First Bank of Nigeria, FBN Holdings Plc, has said it has not received any notification of acquisition from the former CEO of Forte Oil, Femi Otedola. In a statement sent to the Nigerian Exchange Limited, the Company Secretary, Seyi Kosoko, responded to the reports that Otedola had allegedly acquired 5 per…
The President, Major General Muhammadu Buhari (retd.), will formally unveil the Nigerian Central Bank Digital Currency, known as the eNaira, on Monday, at the State House, Abuja. The Director, Corporate Communications, CBN, Osita Nwanisobi, said this in a statement on Saturday titled ‘President Buhari to unveil eNaira on Monday, 25 October 2021.’ It stated that…
The Agence Francaise de Developpement (AFD) has staked a total of 70 million U.S dollars to fund renewable energy and efficient energy projects in Nigeria. Mr Chukwudumije Igwe, Member, Project and Structured Finance, Sub Sahara Africa, Access Bank, said this at the second edition of Sustainable Use of Natural Resources and Energy Finance (SUNREF) Nigeria programme…
PayPal Holdings Inc has offered to buy digital pinboard site Pinterest Inc for $45bn, people familiar with the matter said, a combination that could herald more tie-ups between financial technology and social media companies in e-commerce. The deal talks revealed on Wednesday come as internet shoppers increasingly buy items they see on social media, often…
