The Managing Director of First Bank Nigeria Limited, Dr Adesola Adeduntan, has tendered his resignation. Adeduntan’s departure marks the end of his nine-year tenure, during which he supervised the bank’s operations and strategic direction for three terms. First Bank is poised to unveil Adeduntan’s successor, who will spearhead the bank’s expansion initiatives amidst fierce competition…
The Independent Petroleum Marketers Association of Nigeria says it is expecting that the Dangote refinery will reduce the price of its diesel further to say about N700 per litre. The National Vice President of IPMAN, Hammed Fashola, stated this on Wednesday while appreciating the Dangote refinery for reducing the price of diesel from over N1,200…
The Nigerian National Petroleum Company Limited and its joint venture partner in Oil Mining Lease 85, First Exploration and Petroleum Development Company Limited, have commenced oil production from the asset also known as Madu Field. Production from the field which is located in shallow waters offshore Bayelsa State and operated by First E&P is expected…
Access Holdings, the parent company of Nigeria’s largest bank, Access Bank, has said that it will be going fully digital for its N365bn rights issue. In a notice filed with the Nigerian Exchange Limited, the holding company said it was seeking to raise N365bn through a rights issue to fortify its capital base, support expansion…
Tinubu had announced an end to the fuel subsidy era during his inauguration, a move that triggered a hike in the cost of the product. He, however, promised to put out measures including CNG-powered mass transit buses and tricycles to cushion the impacts of the subsidy removal. After almost one year in office, that initiative…
The Chairman of the election committee and the Governor of Kogi State Usman Ododo declared him the winner of the exercise in the early hours of Monday. ”I can confirm that the direct mode of primary election adopted in the 2024 Ondo state governorship primary elections held in all 203 electoral wards in all the…
The Court of Appeal in Abuja will today (Monday) hear the appeal lodged by the Economic and Financial Crimes Commission against the order of a Kogi State High Court which restrained the anti-graft agency from arresting the immediate-past governor of Kogi State, Yahaya Bello. The Kogi court, in a ruling on February 9, 2024, restrained…
First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting Managing Director with effect from April 2024. The bank stated this in a statement signed and made available to PUNCH Online by its acting company secretary, Adewale Arogundade, on Sunday. former managing director of First Bank Nigeria Limited, Dr Adesola Adeduntan, has tendered…
By Ayomide Otitoju President Bola Tinubu, Lagos State Governor Babajide Sanwo-Olu, former Education Minister, Dr. Oby Ezekwesili, Afro beat singers Davido and Adekunle Gold have commended Chess maestro, Tunde Onakoya, on setting a new world chess record. Tinubu thanked Onakoya for “sounding the gong of Nigeria’s resilience, self-belief, and ingenuity at the square of global…
