The Chief Operating Officer of Ibom Air, George Uriesi, said addressing the capital-intensive nature of aircraft financing would require support from commercial banks. Uriesi’s remarks came during the celebration of the successful closure of commercial financing for Ibom Air’s inaugural A220 aircraft, delivered in November 2023. It was a tripartise deal that involved Zenith Bank,…
FirstBank, Nigeria’s premier financial institution and financial inclusion services provider, was announced as the Best Corporate Bank at the recent prestigious Euromoney Awards for Excellence, Nigeria 2023. The Bank clinched the coveted award based on its 130-year commitment to enabling its corporate customers achieve success through relevant and tailored financial solutions. FirstBank’s continuous investment in…
The Nigerian National Petroleum Company Limited (NNPC Ltd) is working in collaboration with the United States Department of States and international management consultancy firm, Deloitte, to meet its net-zero carbon goals by embarking on a project aimed at reducing the emission of methane and other greenhouse gases from its upstream operations. The project which is…
A joint study by Consumers International and Consumer Advocacy and Empowerment Foundation (CADEF) has revealed worrying trends in Nigeria’s food pricing landscape. The research spans six geopolitical zones and focuses on fluctuations in food prices, especially staple items like yam, garri, rice, beans, chicken, and groundnut oil between the months of November and December 2023….
Market value of Nigeria’s largest financial services group, FBN Holdings (FBNH) Plc, has risen by the highest daily allowable limit at the stock market as investors reacted positively to the appointment of Lagos businessman, Mr. Femi Otedola as the Chairman of the group.The board of FBNH had last Wednesday announced the appointment of Otedola as…
The management of Fidelity Bank has estimated that it may lose about N1.19bn to claims and litigation for the year ended December 2023. This was shown in its condensed unaudited financial statements for 2023 filed with the Nigerian Exchange Limited. The lender said for the year under review, it was a party to legal actions…
116 customers of Wema Bank were rewarded with about N8m in the sixth monthly draw of the bank’s 5 for 5 Promo Season 3. In a statement, the firm said the live draw, which was held at the Oba Adesida branch of the bank in Akure, Ondo State, recently, featured over 70 customers at the…
An analysis of NNPCL’s latest Consolidated and Separate Financial Statements for the Period Ended December 31, 2022, indicates that the eight blocks are located in deepwater, five blocks are continental shelf, fifteen blocks are on land, five blocks are located in swamp and another three blocks are located in partially swamp terrains. The blocks are…
Leading customer- focused telecommunication company, 9mobile, has announced the emergence of 90 winners from the first draw of the Choplife promotion. The promotion, which commenced in December 2023 has been a resounding success, giving customers the chance to win incredible prizes for their loyalty and support to the brand. The winners from across various regions…
