Polaris Bank customers win N26m in Save & Win final draw

May 5, 2021 Blueprint 0

Polaris Banks ‘Save and Win’ grand finale promo last Thursday produced six millionaires. The millionaires include: Williams F. Atinuke, a customer of Ikorodu Local Govt branch; Bello G. Amthe, a customer of Maiduguri branch and Sani Mohammed, a customer of Kura branch, Kano. Others are Okoro N. Arua, a customer of Aba Factory Road branch, Abia State; Ndidi M. Ebagua, Read More

NEXIM assures support, financial advocacy to Halibiz industries

May 3, 2021 Adeola Tukuru 0

The Managing Director/Chief Executive, Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello has assured of financial advocacy that could facilitate funding support to Halibiz Industries Limited with the aim of moving up the global value chain. Halibiz Industries Limited, founded by its President, Alhaji Adamu Aliyu, has a primary aspiration of providing healthier, quality and affordable products to Nigeria, Africa and Read More

First Bank re-constitutes board of directors

May 1, 2021 Amaka Ifeakandu 0

First Bank of Nigeria Limited has reconstituted a new board of directors following the sacking of the bank’s board by the Central Bank of Nigeria (CBN). The CBN had on Thursday sacked the board of the FBNHoldings and First Bank Limited over the removal of the managing director of the bank, Dr Adesola Adeduntan. The apex bank stated that the Read More

Breaking: CBN reverses removal of First Bank MD, sacks directors

April 29, 2021 Editor 0

The Central Bank of Nigeria (CBN) has reinstated Adesola Adeduntan as the Managing Director and Chief Executive Officer (MD/CEO) of the bank. The country’s apex bank also sacked all the board members of the bank. First bank had queried the Board of the bank for removing Adeduntan as the MD/CEO and appointed Gbenga Shobo as MD/CEO designate without regulatory approval. Read More

New First Bank MD emerges

April 29, 2021 Segun Odunewu 0

The Board of First Bank of Nigeria at its meeting on Wednesday, approved the appointment of Mr Gbenga Shobo, currently Deputy Managing Director, as Managing Director designate of the bank. The lender has also appointed Mr. Abdullahi Ibrahim, as its new Deputy Managing Director. According to the bank, the decision is subject to all regulatory approvals. Shobo succeeds Adesola Kazeem Read More

Why we continue to produce world-class products – Rite Foods MD

April 27, 2021 Blessing Anaro 0

Rite Foods Limited, a truly world-class and proudly Nigerian food and beverage company has stated that it will continue to produce world-class products for the benefits of its consumers, through the possibility of the state-of-the-art infrastructure and up-to-the-minute technology deployed in its production factory. This was the submission of the Company’s Managing Director, Mr. Seleem Adegunwa, at the recent Rite Read More

Int’l Girls in ICT Day: Stakeholders decry wide gender gap in STEM

As the world marks yet another International Girls in ICT Day, stakeholders have decried the wide gap in male to female participation in Science, Technology. Engineering and Mathematics (STEM) in Nigeria. The International Girls in ICT Day is a day set aside by the International Telecommunications Union (ITU) to build awareness about the gender digital divide, support technology education and Read More

KEDCO, NSIA, Konexa sign MoU for $100m renewable energy

April 27, 2021 Blueprint 0

Kano State Electricity Distribution Company (KEDCO) has signed a Memorandum of Understanding (MoU) with Konexa, a foreign investor, for the generation, storage, and distribution of electricity. The MoU will see Konexa investing 100 million dollars to, among other things; provide cutting-edge technology in deploying renewable energy. The Chief Executive Officer of Konexa, Pradeep Pursnani, who said this at the British Read More

Bala honours contractor for donating 2 classrooms to Bauchi

April 24, 2021 Najib Sani 0

Governor Bala Mohammed of Bauchi state has honoured a construction firm, BashDee Transport Limited for donating two classrooms to a primary school in Bauchi.  It will be recalled that the governor awarded a contract for the construction of three classrooms to the company in Shadawanka Army Barracks primary school Bauchi. The contractor has after executing the project built two more Read More

Unity Bank  records N42.71bn gross earnings in 2020

April 20, 2021 Amaka Ifeakandu, 0

Unity Bank Plc has grew its assets base to N492.02 billion at the end of the 2020 financial year.The amount  represent a significant increase of 67.90 per cent from  N293.05 billion total assetsvalue recorded in 2019. This is even as the agric-focused bank recorded gross earnings of N42.71 billion within theperiod under review against N44.59 billion achieved in the preceding Read More

Joint Technical Committee boosts hope for recapitalisation of FMBN

April 16, 2021 David Agba 0

The federal government’s efforts to reform the Federal Mortgage Bank of Nigeria (FMBN) for optimum performance has received a boost with the inauguration of members of the Joint Technical Committee (JTC) for the full commercialisation and recapitalisation of the Bank. Inaugurating the 8- member committee; comprising four members each from the Bureau of Public Enterprises (BPE) and the Federal Mortgage Read More

HYPPADEC to assist flood disaster communities

April 9, 2021 Kabiru Dogon Daji 0

Hydro Electric Power Producing Areas Development Commission (HYPPADEC) has set the machinery in motion to assist communities affected by floods last year in all of its catchment areas. Disclosing this to journalists in Birnin Kebbi on Friday on the activities of the organisation in separate interviews, the chairman, Governing Council, Barrister Joseph Terfa Ityav, said the affected communities would soon Read More

We don’t owe MTN Nigeria, other telecom operators – Banks

Nigerian banks are not indebted to MTN Nigeria and other telephone companies for using telecommunications platforms to provide payment services, the managing director of Access Bank Plc, Herbert Wigwe, has said.“There is no obligation owed by banks to telecom operators,” he said, during an investor call in Lagos. According to him, “We have chosen not to make a public statement Read More

NEPZA, IFC seek FEC’s buy-in on medical SEZs establishment

April 2, 2021 Benjamin Samson 0

The Nigeria Export Processing Zones Authority (NEPZA) and the International Finance Corporation (IFC), has urged the Federal Executive Council (FEC) to make the idea of establishing Medical Special Economic Zones across the six geo-political zones of the country a national project.  The Authority’s head, corporate communications, Martins Odeh, who stated this in a statement Friday, said the managing director, Prof. Read More

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Akanni, athletes, others celebrate real estate guru on his birthday

April 2, 2021 Akeem Busari 0

The sports community stands still on Saturday day to celebrate Aare Adetola EmmanuelKing, Group Managing Director of Nigeria’s foremost real estate company, Adron Homes and Properties as he adds another year to his life. In the deluge of congratulatory messages to celebrate the sports loving businessman and philanthropist, Aare Adetola EmmanuelKing, was described as a unique sports lover and compassionate Read More

Port decongestion: NIWA plans removal of 100, 000 trailers from roads – Moghalu

March 30, 2021 Bode Olagoke 0

The Managing Director of the National Inland Waterways Authority (NIWA), George Moghalu is excited over the arrival of commercial barge in Onitsha, Anambra state, even as he revealed plans to decongest the nation’s ports. Chief Moghalu said the plans will lead to removal of about 100,000 trailers from Nigerian roads. Speaking with newsmen Tuesday in Abuja, Moghalu said the ports Read More

Nigeria set to play strategic role in new world energy order – Kyari

March 29, 2021 Blessing Anaro 0

As the world transits to cleaner energy, the Nigerian National Petroleum Corporation (NNPC) has affirmed Nigeria’s preparedness to play a strategic role in the new global energy order. The Group Managing Director of NNPC, Mallam Mele Kyari, made this submission at the Decade of Gas Pre-summit Conference which held Monday in Abuja, with the theme: Towards Gas-Powered Economy by 2030.In Read More

Great Nigeria Insurance Plc strategizes to take the lead

March 26, 2021 Edet Udoh 0

To position it for better performance and for the attainment of world-class status in all areas of its operation, the management of Great Nigeria Insurance Plc recently reiterated its commitment to exceptional service delivery to ensure that the organization achieves its goal of attaining the top five position in the Insurance Industry. While addressing the media at the Head Office Read More

Sovereign Trust commits to brand devt, eyes top position

March 25, 2021 Edet Udoh 0

Sovereign Trust Insurance Plc is committed to brand development in the Nigerian insurance industry with the aim of becoming a leading brand in the industry. According to the Managing Director and Chief Executive Officer of the company, Mr. Olaotan Soyinka, “The journey of a thousand miles, they say begin with a step”. No matter how rough that journey might be, Read More

Anchor Insurance invests in arts & culture to promote creativity

March 25, 2021 Edet Udoh 0

The Management of Anchor Insurance Company Limited has promised to ensure that the Nigerian culture does not go into extinction. To this end, the company has concluded plans to sponsor a life stage play titled Ibiom: When Doves Fly which will hold in Uyo, the Akwa Ibom State capital April 30 and May Ist, this year to promote creativity and Read More

Breaking: Another fuel hike looms as NNPC GMD hints on increas

March 25, 2021 Editor 0

Nigerian may have to pay more per litre of fuel after the Group Managing Director (GMD) of the Nigerian National Petrol Corporation (NNPC), Engr. Mele Kyari hinted that the federal government may be forced to increase the price of petrol. Kyari who was at the statehouse during a press briefing on Thursday, “it no longer makes sense for NNPC to import petrol Read More

Modular floating dock on course – NIMASA, NPA assure

March 24, 2021 Blessing Anaro 0

Director-General of Nigerian Maritime Administration Safety Agency (NIMASA), Dr. Bashir Jamoh, has assured maritime stakeholders that the Agency’s modular floating dock is in the process of being deployed. Jamoh disclosed this during a visit to Managing Director of Nigerian Ports Authority (NPA) Hadiza Bala-Usman at the NPA headquarters, Marina, Lagos.Jamoh stated, “I am here to affirm that the modular floating Read More

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Katsina cotton, medical tourism parks for improved investment climate – NEPZA boss

March 24, 2021 Baba Yusuf 0

The managing director, Nigeria Export Processing Zones Authority (NEPZA), Prof. Adesoji Adesugba, has said the establishment of a Cotton and Medical Tourism Parks in Katsina state would bring about the needed improved investment climate to the state. Adesugba stated this Tuesday in Katsina at a meeting between NEPZA team and members of the state’s working group for the establishment of Read More

GTBank posts N238.1bn before tax profit

March 19, 2021 Amaka Ifeakandu 0

Guaranty Trust Bank has recorded improved performance across all key financial metrics in the face of the unprecedented challenges brought on by the Covid-19 pandemic, posting profit before tax of N238.1 billion. The amount represents a growth of 2.8 per cent over N231.7 billion reported in the corresponding period of 2019. The bank’s performance reflected the quality of past decisions Read More