The Nigerian Meteorological Agency (NiMet) on Tuesday said moderate to heavy rainfall was anticipated in several states of the country from Wednesday 12 June to Friday 15 June. This chance of a downpour is expected from the early hours of Wednesday in parts of Taraba, Kebbi, Niger, Kwara, Ekiti, Osun, Oyo, Ondo, Kaduna, Nasarawa, Plateau,…
Through its Graduate Management Accelerated Program, UBA Ghana is pleased to announce the hiring of 44 new employees as of May 2024. This cohort is the third to successfully complete the program; the first two cohorts consisted of 14 and 40 individuals, respectively. Congratulating the graduates on their hard work and dedication over the six-month…
Updating the Nigerian Exchange Group of recent development within the bank, Diageo’s Company’s Secretary, Abidemi Ademola, said the terms of an agreement for the acquisition of the shares by Tolaram was signed today, June 11, 2024. “Tolaram will acquire Diageo’s 58.02% shareholding in Guinness Nigeria, and enter into long-term license and royalty agreements for the…
A member of staff at First Bank Nigeria Plc, one of Nigeria’s founding banks, is wanted for allegedly transferring $29 million (N829 billion) into personal accounts, one of which is his wife’s. Tijani Muiz Adeyinka was one of the employees escaping from the bank’s Iganmu branch. The bank is struggling to meet the recapitalization requirements…
The Nigerian National Petroleum Company Limited has refuted media reports alleging that it inflated the fuel subsidy payments by N3.3 trillion. A report claimed that a forensic audit conducted by a global accounting firm, KPMG, had uncovered a significant discrepancy in the fuel subsidy claims made by the national oil company. According to a report…
Ecobank Transnational Incorporated (“ETI”), the parent company of the Ecobank Group, today held its 36th Annual General Meeting in Lomé, Togo, which was followed by an Extraordinary General Meeting. Shareholders applauded the group’s strong performance in 2023, with its net revenues exceeding the US$2 billion mark for the first time in nearly 10 years.They also…
Ibom Air, Nigeria’s leading airline, proudly celebrates its 5th anniversary today, marking a significant milestone on its journey to provide reliable, exceptional air travel services in Africa. Since its inception, Ibom Air has been committed to offering world-class schedule reliability, on-time departures and excellent service, earning the confidence and loyalty of passengers across the region….
The Managing Director of NDIC, Bello Hassan, disclosed this in a briefing on the liquidation of the bank in Abuja on Wednesday. The NDIC commenced the liquidation of Heritage Bank following the revocation of its banking license by the Central Bank of Nigeria (CBN) on Monday. Hassan said the total bank deposits at Heritage Bank…
Fidelity Bank Plc, also known as “Fidelity Bank” or the “Bank,” has completed all required preparations to raise up to ₦127,100,000,000.00 (one hundred twenty-seven billion, one hundred million naira) through a public offer and a rights issue to current shareholders (the “Combined Offer”). The Central Bank of Nigeria (“CBN”) on March 28, 2024, updated the…
