Newsmax online reports that First Bank of Nigeria Limited has rewarded six of its customers with N1 million each at the fourth and grand finale of its ‘WinBig’ promo draw held at its head office in Lagos recently. The promo, which kicked off in October last year, was one of the biggest campaigns in the financial industry with FirstBank targeting ...

The Nigerian Electricity Regulatory Commission has approved the electricity tariff increase for customers under the Band A classification. The Vice Chairman, NERC, Musliu Oseni, said the increase will see the customers paying N225 kilowatt per hour from the current N66. This news blog notes that customers under Band A are those who enjoy 20 hours of electricity supply daily. Speaking ...

Zenith Bank Plc has emerged as the Best Bank in Nigeria in the Global Finance Best Banks Awards 2024, winning the award for the fourth time since 2019. The Bank was among other banks from 36 countries in Africa recognised as the prestigious Global Finance announced its 31st Annual Best Bank Awards Winners. The editors of Global Finance made the ...

.…Others deny being polling agents as Tribunal adjourns to April 1 Six witnesses provided by the Social Democratic Party at the Election Petition Tribunal on the Kogi State Governorship election, on Saturday, entertained the court with different amusing submissions as they struggled to answer questions during cross-examination. At the resumed hearing, all the six witnesses gave testimonies contrary to their ...

The Defence Headquarters has declared eight persons wanted over their roles in the recent killing of 17 military personnel in Delta State. The military released the list on Thursday at a briefing in Abuja. Those declared wanted are Prof. Ekpekpo Arthur, Andaowei Dennis Bakriri, Akevwru Daniel Omotegbo (a.k.a Amagben), Akata Malawa David, Sinclear Oliki, Clement Ikolo Ogenerukeywe, Reuben Baru, Igoli ...

The Board of the Eko Electricity Distribution Plc has announced the appointment of Mrs Rekhiat Momoh as the new Acting CEO effective 26th March 2024. According to a statement by the board, “The new appointment follows the redeployment of the erstwhile MD/CEO, Mrs Tinuade Sanda, to WPG Ltd, the core investor that seconded her to Eko Disco. The statement added, ...

The Federal Government through the National Electricity Regulatory Commission, (NERC) has sacked managing director of the Eko Electricity Distribution Company, EKEDC, Tinuade Sanda. The sack letter dated March 21 stated that the commission has directed the EKEDC, to ensure that all staff working for the utility are employed directly by the utility and are bound by applicable service conditions that ...

FBN Holdings Plc, on Wednesday, appointed two new non-executive directors for the holding company and three new non-executive directors for First Bank. Updating the Nigerian Exchange Group of recent development within the bank, the company’s Secretary, Adewale Arogundade, announced the appointment of Olusola Adeeyo and Viswanathan Shankar as non-executive director and independent non-executive director respectively in FBN Holdings. The company ...

Zenith Bank Plc has announced the appointment of Dame (Dr.) Adaora Umeoji, OON, as Group Managing Director/Chief Executive with effect from June 1, 2024, subject to approval by the Central Bank of Nigeria (CBN). She takes over from Dr. Ebenezer Onyeagwu, whose five-year term expires on May 31, 2024, after a very successful tenure. Dame (Dr.) Adaora Umeoji is the ...

Newsmax online reports that the Board of Transcorp Hotels Plc has announced the appointment of Dr Oluwatoyin Madein as a Non-Executive Director. This was contained in the company’s notice to the Nigerian Exchange Limited (NGX) and the investing public obtained by Nairametrics. “We write to formally notify the investing public and the Nigerian Exchange Limited that the Board of Directors ...