Former Chairman, Board of Directors of First Bank of Nigeria Limited, Ibukun Awosika, said she had great plans and aspiration for the bank before her sacking on Thursday by the Central Bank of Nigeria. She also said First Bank was able to deliver value to customers and stakeholders under her …
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Adeduntan resumes as First Bank CEO
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The Central Bank of Nigeria on Thursday, wielded its big stick on one of Nigeria’s oldest banks, First Bank of Nigeria Limited, and sacked all the board members of the bank including its Chairman, Board of Directors, Ibukun Awosika. Awosika was appointed First Bank Chairman in September 2015, making her …
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The Central Bank of Nigeria wielded its big stick on First Bank of Nigeria Limited as the apex regulator of the activities of commercial banks on Thursday when it fired the entire members of the board of First Bank Holding and First Bank Nigeria Ltd. Newsextra24 had earlier reported that …
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Spotify founder Daniel Ek says his proposed Arsenal takeover is “very serious” and that he has secured funds for a deal. Amid last week’s fallout from the European Super League collapse, Ek said he was interested in buying the club. Arsenal legends Thierry Henry, Dennis Bergkamp and Patrick Vieira have joined …
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Flutterwave, a Nigerian fintech firm, has been named a “Pioneer” on TIME’s 2021 list of the 100 Most Influential Companies in the world. In a list, which includes big wigs like Apple, Twitter and Stripe, the firm makes history as the only African company to make it this year. The …
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The Speaker of the House of Representatives, Femi Gbajabiamila, has expressed concern over the way Deposit Money Banks charge account holders indiscriminately, decrying that apart from known charges, there appeared to be other ‘hidden’ charges that banks imposed on their customers. Gbajabiamila, who noted that the House was concerned that …
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Telecoms regulator, Nigerian Communications Commission (NCC), has fined the three leading mobile network operators in the country to the tune of N78.5 million. Newsextra24 learnt that MTN, Globacom, Airtel, and 9mobile were all found to have breached the rules guiding them in the process of replacing SIMs for their …
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Plans are underway for the Nigerian Electricity Regulatory Commission (NERC) to review tariffs that customers pay to the 11 Distribution Companies (Discos) and to also approve a new capital expenditure (capex) for the energy distributors. The source of discord between the regulator and the DisCos has always been the capital …
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In 1998, the NNPC entered into a 20-year PSC (Production Sharing Contract) in respect of certain oil mining leases (OMLs) with Addax Petroleum, a company listed on the Toronto Stock Exchange (TSX). The PSC was subsequently extended for a further four years, until 2022. The assets were OMLs 123, 124, …
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