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FirstBank Clears Air On Contempt Charge For Chairman, MD

FirstBank has released a comprehensive and extensive statement days after Honourable Justice I.N Buba of the Federal High Court, Lagos Judicial Division, granted a motion in SUIT NO: FHC/L/NRJ/1/2018 committing the Chairman and Managing Director of FirstBank of Nigeria Ltd. for contempt Ex Facie Curiae. First Bank’s Chairman and CEO were committed for contempt with respect to an order given ... Read More »

Shocker:NCC blocks Glo’s free date promo

Nigerian Communications Commission (NCC), has ordered the management of Globacom Ltd to immediately suspend the implementation of the ongoing Glo Overload Promotion from its network. The promotion gives subscribers on the network that meet the threshold of voice or data usage, 200 megabytes, usable throughout the day for all data-related activities. The NCC also summoned management of Globacom Nigeria, to ... Read More »

US Giant, Verizon buys Yahoo

Internet pioneer Yahoo ended its two-decade run as an independent company on Tuesday, completing the sale of its core online assets to telecom giant Verizon. Yahoo’s chief executive Marissa Mayer resigned as expected, as Verizon finalised the $4.48 billion deal integrating the Yahoo internet operations into a new unit called Oath, which includes another former sector leader, AOL. Tim Armstrong, ... Read More »

Nigerian-German Business Association Appoints Gbenga Adebija as Director-General/CEO

By Adeleke Adeosun Experienced Corporate Strategist and Administrator, Gbenga Adebija has been appointed as the new Director-General/Chief Executive of Nigerian-German Business Association In a release signed by NGBA President, Mr.Folabi Esan, Adebija’s appointed had taken effect since June 1, 2017. “Gbenga Adebija was until his appointment President & CEO of Business in Nigeria as well as Managing Director & Chief ... Read More »

UBA targets youths, introduces Naija Green Card

In line with its business objective of enabling young Nigerians and students to derive maximum benefits from their limited finances, Bridge Concepts Limited has announced a partnership with the pan African Financial institution, United Bank for Africa (Plc) with the introduction of co-branded discount cards known as the Naija Green Card, the first of its kind discount payment solution. The Naija Green Card powered ... Read More »

Nigeria’s debt rises to N19.5trillion

  Nigeria’s total debt rose to N19.15 trillion ($62.91 billion) as of March 2017, from N17.36 trillion at the end of last year, the Debt Management Office said on Monday. Africa’s biggest economy, which slipped into recession last year for the first time in 25 years, raised $1 billion in February and $500 million in March from Eurobond sales. The ... Read More »

SEC set to hammer 400 Operators

More hardship awaits stockbrokers and capital market operators as the Securities and Exchange Commission (SEC) is poised to revoke the licenses of 400 operators. This was coming as the stockbroking community has been besieged with numerous problems, emanating from market depression, recapitalization of dealing members by the SEC and the minimum operating standard by the NSE. The capital market apex ... Read More »

Adeosun summoned over N17b paid for “Office Equipment”

The House of Representatives Committee on Public Procurement, on Thursday, summoned the Minister of Finance, Mrs. Kemi Adeosun, over alleged payment of N17 billion for procurement of office equipment. It also summoned the Auditor-General of the Federation (AGF), Ahmed Idris, and former Accountant-General of the Federation, Jonah Otunla, over the transaction. The three top officials are to appear before the ... Read More »

Exclusive: What is wrong with Oskar Ibru

By Adeleke Adeosun Something is certainly not right with the ever bubbly socialite, Olorogun Oskar Christopher Eyovbirere, the first son of billionaire businessman and Patriarch of the Ibru Dynasty, the late Olorogun Michael Ibru. There are indications that he may have been hit with some kind of illness that have made him lose his usually shine. He has lot his ... Read More »

UBA excites Customers with new Mobile Banking APP

United Bank for Africa Plc, pan African financial institution, has announced the launch of a brand new mobile banking application with many user friendly features, in in demonstration of its commitment to deliver superior and innovative banking solutions to its customers. The new mobile app which comes with the biometric log-in feature for secure, personalized access is now available for ... Read More »