The Chief Executive Officer of First Bank of Nigeria, Dr. Adesola Adeduntan has highlighted how the group ushered in an era of unparalleled banking convenience for its clientele, enabling them to conduct all their financial transactions seamlessly. He disclosed this during the Annual Banking and Finance Conference’s cocktail party held in Abuja on a Monday evening. Represented by Mr. Callistus Read More
Electricity distribution companies (DisCos) have concluded plans to introduce the Standard Transfer Specification (STS). According to the DisCos, the STS, a metering code, is not aimed at increasing electricity tariff. A top official in one of the Discos told the News Agency of Nigeria (NAN) on Sunday that the code, software which is of an international standard, is aimed at Read More
The number of unmetered electricity consumers have increased to 11.27 million, even as electricity Distribution Companies (DISCOs)’s customers hit a new level of 11.27 million in the first quarter of 2023, the National Bureau of Statistics (NBS) have said. Between the end of the fourth quarter of 2022 and the first quarter of 2023, the bureau said, the number of Read More
Complaints received by seven banks in the country over failed transactions jumped to 6.9 million in 2022 from the 4.48 million recorded by the affected in 2021, representing a 54 per cent increase. Analysis of the financials of Access Bank Holdings Plc, Zenith Bank Plc, Wema Bank Plc, Union Bank of Nigeria Plc, United Bank for Africa Plc, Guaranty Trust Read More
Loan apps on Play Store will lose their ability to access their users’ contacts or photos from May 31, 2023. This came as the Federal Government said it would enforce the latest policy by Google, saying the action was consistent with the Nigerian authorities’ move to curtail the invasion of customers’ privacy by loan app firms. The Federal Government had Read More
I-Invest, one of Nigeria’s leading digital financial services platforms, has assured customers of data protection with ISO 27001 and PCI-DSS certification. The company said that as the fintech industry continues to grow in the digital age and with customers entrusting their sensitive data to service providers, it is essential for financial service providers to maintain a secure and safe environment Read More
KBL Insurance Limited, has assured customers and the insuring public of its resolve to make prompt claims settlement a number one priority, with the view to encouraging Nigerians insure their valuables, and deepen insurance culture in the country. The Executive Director, Business Development and Operations, Charles Ajawihe, said this in Lagos, while responding to a media inquiry on what the Read More
The 11 Electricity Distribution Companies (DisCos) operating in Nigeria recorded a revenue shortfall of N77.39bn out of ₦265.68 billion billed to customers in the second quarter of 2022. The Second Quarterly 2022 Report released by the Nigerian Electricity Regulatory Commission (NERC), shows that the total revenue collected by all DisCos in 2022/Q2 was ₦188.29 billion. A breakdown of the report Read More
A customer of Ecobank Nigeria, Eziuche Ejike Michael, has been rewarded with an all-expense paid trip to Qatar courtesy of Visa. Eziuche emerged as one of the winners of the FIFA World Cup Qatar 2022™ Spend & Win Campaign. The FIFA World Cup tournament is a truly global sporting event, bringing together different countries and diverse cultures on and off Read More
First Bank of Nigeria Limited has announced its variety of retail products specifically designed to enhance the operations and sustenance of various businesses in the country. The products: Petroleum Dealership Finance (PDF), Operational Vehicle Finance (OVF) and Commercial Mortgage will strengthen the capacity of businesses to meet their immediate and long-term needs which are required to continually impact the socio-economic Read More
With the pandemic introducing an e-commerce renaissance as well as omni channel receiving a lot of attention, Ola Williams, Country Manager, Microsoft Nigeria, has stated that it is the customer that lies at the heart of these new trends and will ensure their staying power. The Country Manager revealed that in the Middle East and Africa (MEA), Microsoft retail customers Read More
FirstBank has urged its customers to take advantage of the Bank’s ongoing Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card. The Eight-week promo will end on Wednesday, 30 March 2022 as 2,601 customers will win various prizes. These prizes include: N20,000 Cash Prize, N10,000 Cash Prize, N10,000 worth of airtime; power generating Read More
First Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has urged its customers to take advantage of the Bank’s ongoing Verve Card campaign designed to reward customers for their continued usage of the Verve debit Card. The Eight-week promo will end on Wednesday, March 30, 2022 as 2,601 customers will win various prizes. These prizes include: N20,000 Cash Read More
Leading financial institution, Fidelity Bank has reiterated its commitment to enriching the lives of its customers as it announced the third set of 10 millionaires in its Get Alert in Millions season 5 (GAIM 5) promo. The third monthly draw of the campaign which held in Victoria Island, Lagos on Tuesday, 22 February 2022 had representatives of regulatory organisations in Read More
Lagos: February 16, 2022: Homeownership has never been this easy with First City Monument Bank (FCMB) mortgage loans. The bank is offering Nigerians mortgage loans of up to N75 million, and anyone can qualify. The move has simplified homeownership for millions of Nigerian who want to own their homes. According to a Central Bank of Nigeria report, Nigeria requires about Read More
In furtherance of its appreciation of customers, whilst promoting the adoption of mobile payment solutions in the country, FirstBank is rewarding holders and customers of its branded Visa Gold card in its ongoing Visa Gold card. The promo which will have over 300 Visa Gold cardholders rewarded during the promo is scheduled to end on 25 March 2022. Each month, Read More
A total of 62.24% of electricity customers are still on estimated billing across the country, a data sourced from the Nigerian Electricity Regulatory Commission (NERC) has revealed. Blueprint had exclusively reported that despite the National Mass Metering Programme (NMMP) introduced by the federal government to meter all eligible customers, some Nigerians have rejected free meters. Under the NMMP, which was Read More
Fidelity Bank PLC, has announced the second set of millionaires in its Get Alert in Millions Season 5 promo (GAIM 5) which held recently in Victoria Island, Lagos. The event was witnessed by representatives of regulatory organisations which include: Ms Oyinkan Kusamotu, Senior Legal Officer, Lagos State Lotteries & Gaming Authority; Mr Tanko Mohammed, Head, Monitoring & Enforcement, Lagos State Read More
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
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