Nigeria’s premier and leading financial inclusion services provider, First Bank of Nigeria Limited has announced that its CEO, Dr. Adesola Adeduntan has been honoured with membership of Bretton Woods Committee (BWC). FirstBank has also joined Bretton Woods Committee as an Organisational Supporter in line with the commitment to demonstrate cooperation[Read More…]
Author: Godwin Anyebe
FirstBank Corporate Statement
Our attention has been drawn to the tweet making the rounds on social media on shutting down the FirstBank website following a false tweet that the Bank prevented staff from joining the ongoing protests in the country. As the largest banking institution in Nigeria, it is not unlikely that we[Read More…]
Access Bank Cautious On Loans In H2
The management of Access Bank Plc observed a cautious mood on new lending over the first half of the current financial year ended June 2020. The caution appears to be warranted by rapidly rising credit loss expenses facing the bank for the second year. Bad loans are on the rise[Read More…]
Life Lager To Empower Small Businesses With Over 40m Naira
Life Lager said it is set to support over 200 businesses with a cumulative sum of over N40 million in its progress booster campaign, “Chop Life Experience”. The campaign is designed to empower consumers with cash to support their businesses and would be done through in-bar activations across Southeastern cities[Read More…]
NNPC, IDSL Chart Path to Achieving $10 Production Cost by 2021
The Nigerian National Petroleum Corporation (NNPC) and its subsidiary, the Integrated Data Services Limited (IDSL) said they are continuing the search towards attaining a $10 per barrel production cost with the deployment of several cost-cutting measures. The Chief Operating Officer, Upstream, NNPC, Mr Adokiye Tombomieye and the Managing Director of[Read More…]
Pay-As-You-Go Billing Model Not Feasible – Ugbe
The Chief Executive Officer of MultiChoice Nigeria, owners of Digital Satellite Television (DSTV) Mr. John Ugbe has stated that the (PAYG) billing model advocated by Nigerians is not technically and commercially feasible. Ugbe, who spoke when he appeared before the House of Representatives Ad Hoc Committee investigating the non-implementation of[Read More…]
Airtel Nigeria Loses an Appeal of N4.88BN Debt Scandal
The debt scandal involving Airtel Network Nigeria Limited and a communication firm, Plus Limited has reverberated as the latter’s judgement at the Lagos High Court was upheld by the court of appeal, Lagos. Our correspondent gathered that the appellate court upheld the judgment of a Lagos High Court, Ikorodu, which[Read More…]
Consumers Paid N76.5bn Extra for Petrol After Deregulation – Report
After the Federal Government deregulated the downstream sector of the oil industry on March 19, consumers of Premium Motor Spirit, popularly called petrol, have paid an additional sum of over N76.5bn for the purchase of the commodity. In March when the Petroleum Products Pricing Regulatory Agency announced the commencement of[Read More…]
Consumers And Food Vendors Rate Crown Premium Spaghetti High
Consumers and Food vendors of pasta have rated Crown Premium as high, adding that they would easily recommend the brand as a result of its unique qualities. While consumers relish the taste and non-sticky attribute of the pasta brand, food vendors stated that the product is a source of profit[Read More…]
MTN Nigeria Communications Plc. Begins N100 Billion Commercial – Report
Analysis of the MTN’s results shows that revenues surged, due to increased data usage, aided by the COVID-19 pandemic lockdown. MTN Nigeria Communications Plc (MTN), reported revenues of N638.1 billion in H1 2020, relative to N566.9 billion recorded in the same period in 2019 – a 12.5% increase. MTN Plc[Read More…]
Consumer TV
FG Revenue Rises 76% to N12.5tn, Fueled by Tax and Oil Gains — Budget Office
The Federal Government’s earnings have increased by 76 percent, rising from N7.1 trillion in 2022 to N12.5 trillion in 2023, due to higher taxes and oil revenues. This information was revealed in the recently released 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper from the Ministry of Budget and[Read More…]