News

NERC’s Operating Revenue Increases by 57%

The total revenue accruing to the Nigerian Electricity Regulatory Commission (NERC) increased by 57 per cent in the first quarter of 2020, the power industry regulator, has disclosed. NERC also stated that the total expenditure of the commission rose to N1.94 billion, from N1.74billion incurred in the preceding quarter, noting[Read More…]

Hope PSBank Announces Board Appointments …Abubakar as Board Chairman, Kuponiyi as Managing Director

Hope PSBank, Nigeria’s premier Digital-first Bank and a subsidiary of Unified Payments has announced key appointments for the bank. The board has approved the appointments of Alhaji Shehu Abubakar as Chairman and Ayotunde Kuponiyi as Managing Director. The list of Directors includes Agada Apochi, Ochanya Dan-Ugo, Festus Eze Ikediasor, Ano[Read More…]

FirstBank CEO, Dr. Adesola Adeduntan Becomes A Member Of Bretton Woods Committee

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…]

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…]

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…]