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…]
News
9mobile Felicitates with Founder of MobiHealth on World Bank SDGs Award
Nigeria’s telecoms provider, 9mobile, has felicitated with the founder of MobiHealth International, Dr. Funmi Adewara on winning the World Bank SDGs and her Global Award 2020. Adewara was one of the seven women entrepreneurs recognized for using their entrepreneurial skills to support the SDGs through their business leadership and health[Read More…]
CBN Releases Framework for Financing of Mass Metering
Central Bank of Nigeria (CBN) has released its framework for National Mass Metering Programme (NMMP). The framework was released by the Development Financing department of the apex bank through its official website on Monday. It stated that introduction of the Service-Based Tariff (SBT) in the Nigeria Electricity Supply Industry (NESI)[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…]
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…]
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…]