First Bank of Nigeria Limited has developed different loan products to enable her customers have access to loan without much stress to settle their pressing needs. AMAKA IFEAKANDU in this report looks at the entire products and their impacts on the bank’s customers The outbreak of COVID-19 pandemic crippled business activities across the world and visited a lot of hardship Read More
Nigerian central bank’s digital currency has lured about half a million users three weeks after it was introduced in a move to entice people away from crypto currencies. Adoption rate for the Central Bank of Nigeria digital currency called eNaira “has been excellent,” according to Osita Nwanisobi, spokesman for the Abuja-based lender. More than 488,000 people have downloaded the consumer Read More
The number of registered electricity consumers in the country has risen above 10 million by the first quarter of this year, a data released by the Association of Nigerian Electricity Distributors (ANED) has disclosed. ANED is the umbrella body of 10 of the 11 power distribution companies or Discos in the country. The data, however, showed that only 41 percent Read More
Nigeria’s indigenous telecom service provider, Globacom emerged the highest gainer in the third quarter of 2021, gaining over 1 million internet subscribers, growing its customer base to 38.9 million as of September 2021 from 37.9 million at the beginning of the quarter. According to latest data released by the Nigerian communications Commission (NCC), MTN lost about 1.2 million subscribers in Read More
One of the members of the Monetary Policy Committee of the Central Bank of Nigeria (CBN), Adenikinju Festus, has said the high level of inflation and interest rates margin in the country is unacceptably wide. Festus, who advocates for the increase of MPR, asked the apex bank to probe the foreign exchange market operations in Nigeria. It would be recalled Read More
All is now set for the various activities to mark this year’s Ecobank Day across 33 African countries where it operates. The Ecobank Day is a flagship annual event, when staff of the pan African bank show commitment and give back to local communities where the bank has operations. This year’s event scheduled for Saturday 23 October will focus on Read More
Congo Télécom (CT), a state-controlled telecommunications company in the Republic of Congo, says it is targeting to have 15 000 internet subscribers by the end of 2021 and 300 000 within five years. The announcement was made last week Friday 15 October 2021 by its General Manager Yves Castanou. The Brazzaville-based company has currently 13 000 internet subscribers, which represents Read More
Due to popular customers demand, Ecobank Nigeria has flagged off Season Two of its Super Reward programme. Korede Demola-Adeniyi, Head, Consumer Banking, Ecobank Nigeria, who announced the commencement of the Season Two campaign in Lagos, said the bank was impressed with the excitement generated in Season One, stressing that the Season Two is an opportunity for more customers to be Read More
Stanbic IBTC Bank PLC, a subsidiary of Stanbic IBTC Holdings PLC has rewarded 60 of its new and existing customers with the sum of N6m for the September draws in its Reward4Saving Promo where the bank’s customers are expected to win cash prizes worth N30 million by the end of the promo. The draws which took place at the Stanbic Read More
In a bid to promote Diaspora remittance services, Access Bank Plc has promised to rewarde customers with cash prizes when they receive money from their loved ones, friends and associates abroad. The initiative is in line with the bank’s promise to create value and meet the needs of its customers. Speaking on the initiative, Access Bank, Executive Director, Victor Etuokwu Read More
Aero contractors Thursday took delivery of two brand new Airbus 320 (Aircrafts) from Heston airline based in Lithuania. The company’s Chief Executive Officer, Captain Mahmood Abdullahi,while receiving the new Aircraft in Abuja said that the Aero Contractors, has strived to stay afloat despite economic hardship. The CEO, noted that for the company to remain in business, as the oldest airliner Read More
A protest coordinated by Coalition of Civil Society Group (CCSG) has called for the stopage of the activities of Bureau De Change Operators in Nigeria, urging the Central Bank of Nigeria (CBN) to totally suspend their activities. The President, Comrade Etuk Bassey Williams during a protest yesterday at the Unity Fountain, Abuja said the Operators exploit and artificially inflate dollar/naira Read More
In furtherance of the need to expand diaspora remittance inflow into the country, First Bank of Nigeria Limited has increased its network of International Money Transfer Operators (IMTOs), targeted at easing the accessibility of its customers to receive money from close to 100 countries across the world in a safe and secured manner. With over 750 branches across the country, Read More
The Coalition of Civil Society groups has hailed the move by the Central Bank of Nigeria (CBN) to salvage the Naira through the discouragement of illicit financial flow and stoppage of the sales of Forex to Bureau De Change (BDC) operators who exploit and artificially inflate dollar/naira exchange. The coalition in a statement signed by its President and Secretary Etuk Read More
The Chief Brand and Marketing Officer of Union Bank Plc, Ogochukwu Ekezie-Ekaidem has opened up on how the bank has been able to tackle cybercrime and protects its customers’ from e-fraudsters. At an online interaction in Lagos, Ekezie-Ekaidem said the protection put in place by her bank to keep the e-fraudsters at bay is very active. “What all of us Read More
The Federal Capital Development Authority (FCDA) has threatened to seal all Globacom Nigeria Limited offices in Abuja over non-payment of over N1.3 billion telecommunication duct debt. Accordingly, the authority has issued a 7-day ultimatum to the telecom to comply with the payment or risk business and switch premises being sealed up. Addressing journalists during a visit to some of the Read More
Kaduna Electric has said customers should desist from removing their prepaid meters to new locations without authorisation from the company. A statement issued by the company’s Head of Corporate Communication, Abdulazeez Abdullahi, said customers who wish to relocate to a new property after they have purchased a meter should notify the company. It said the company shall take the responsibility Read More
Four persons were in the late hours of Tuesday night allegedly killed and scores injured by unknown gunmen that attacked Bagana community in Omala local Government Area of kogi state. An eyewitness who cheated death told our correspondent that the gunmen invaded a provision shop located in the heart of the village and opened fire killing four persons on the Read More
Stanbic IBTC bank has disclosed that the financial institution has updated its Super App with travel features and financial products that will ensure its customers’ enjoys a hassle free travel experiences this summer. Travel activities around the world are gradually resuming with countries easing travel restrictions following the devastating effects of the COVID-19 pandemic on the aviation and travel industry Read More
The Presidency has urged the Federal Airports Authority of Nigeria (FAAN) to up its ante in service delivery across airports in the country and ensure passengers and airport users receive prompt and adequate attentions in order to achieve government desired goals in airports development. It said FAAN must continuously position itself as a customer-centered sensitive organisation and realised that customers Read More
Titan Trust Bank Limited has announced the opening of its state-of-the-art branch located at 17, Burma Road, Apapa, Lagos for commercial operations. A statement by the lender said the development is in furtherance of its efforts to offer customers endearing experience. The lender further noted that the new branch provides a full suite of banking products and services for retail Read More
The Registrar General/CEO of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, has said some staff may lose their jobs as the Registry continues to digitise its operations. In a press release issued on Friday in Abuja by the Director, Public Affairs, Ukaga Edward, explained that the CAC RG noted this during a working visit to the CAC Port Harcourt Read More
Access Bank Plc has introduced new USSD code, that allows customers to act swiftly to prevent fraudulent activities on their accounts. The service enables customers of all account types to deactivate a USSD profile by dialling 901911# from any phone, inputing the registered phone number for the account to be protected and this automatically locks out fraudsters from the individual’s Read More
Access Bank Plc is set to reward over 2,000 customers in the 13th season of its DiamondXtra promo to encourage savings culture and reward its loyal customers. The promo which kickoff over the weekend would feature its reoccurring salary for life, Business Grant, Free Rent, education grant and different cash prize categories from its monthly and quarterly draw. The bank Read More
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