CBN to freeze bank customers’ accounts without BVN, NIN in 2024

December 2, 2023 David Agba 0

The Central Bank of Nigeria (CBN) Friday said all bank customers’ accounts without Bank Verification Numbers (BVN) and the National Identity Number (NIN) shall be frozen beginning from April 2024. In a circular no. PSM/DIR/PUB/CIR/001/053 dated December 01 2023, the apex bank said a BVN or NIN verification would be conducted very soon to correct these anomalies. The bank said Read More

FirstBank rewards customers with N170m cash prize in ‘Win Big Promo’

November 9, 2023 Admin III 0

FirstBank, Nigeria’s premier financial institution and leading financial inclusion services provider, has launched the Win Big promo to reward and delight its valued customers. The four-month promo, which started on 23 October 2023 and will run till 23 February 2023 will reward several new and existing customers of the Bank with a total cash reward of 170,000,000.00 naira. At the Read More

Ogun customers owe us N28bn, IBEDC CEO cries out

October 25, 2023 Admin III 0

The Ibadan Electricity Distribution Company (IBEDC) has disclosed that customers in the Sango and Ota axis of Ogun state owed the company N28 billion. The Lead Media Relation, IBEDC, Mrs. Busolami Tunwase, stated this during a stakeholders’ meeting in Joju, Ota, Ogun state recently. Tunwase, who represented the Chief Executive Officer of IBEDC, Mr. Kingsley Achife, said the N28 billion Read More

How FirstBank is revolutionising banking convenience for customers – Adeduntan

September 6, 2023 David Agba 0

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

Discos to upgrade customers’ metering before November 2024 – Official

July 25, 2023 Admin III 0

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

Loan apps to lose ability to access customers’ contacts, photos

April 11, 2023 Segun Odunewu 0

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 assures on customers’ data, information security safety

March 29, 2023 Amaka Ifeakandu 0

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 assures prompt claims payment

March 2, 2023 Admin III 0

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

11 Discos record N77.39bn revenue shortfall in Q2 2022

January 24, 2023 Tope Sunday 0

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

Ecobank cardholder wins all-expense paid trip to Qatar

December 1, 2022 Blessing Anaro 0

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 boosts business operations of customers with bouquet of retail products

October 17, 2022 Amaka Ifeakandu, Lagos 0

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

FirstBank to reward customers in new verve card campaign

March 15, 2022 Segun Odunewu 0

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

FirstBank rewards customers with N50m worth of prizes in verve card campaign

March 9, 2022 Amaka Ifeakandu, Lagos 0

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

Fidelity Bank GAIM 5 Promo: 10 more customers become millionaires

February 25, 2022 Admin III 0

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

How FCMB makes home ownership easy for customers

February 17, 2022 David Agba 0

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

First Bank rewards customers in Visa Gold Cashback campaign

February 3, 2022 Benjamin Umuteme 0

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

62.24 % electricity customers still on estimated billing

January 25, 2022 Tope Sunday with agencies 0

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 enriches customers, holds second GAIM 5 Promo draw

January 25, 2022 Blessing Anaro 0

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: Expanding customers’ access to loans

November 23, 2021 Admin III 0

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

E-Naira lures close to half a million people weeks after launch

November 16, 2021 Blessing Anaro 0

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

Electricity customers have risen above 10m – ANED

November 3, 2021 Admin III 0

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

Globacom emerges highest gainer as data war thickens

November 1, 2021 Segun Odunewu 0

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