Former Managing Director of Fidelity Bank Plc, Nnamdi Okonkwo has refuted claims that he is in the custody of the Economic and Financial Crimes Commission, (EFCC). In an exclusive interview with The Source magazine on Monday, the seasoned banker who was recently appointed GMD of First Bank Holding Company said “I cannot be in my bedroom and somebody somewhere will …
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By Okechukwu Nnodim Electricity consumers willing to pay for meters will have to incur higher costs beginning from November 15, 2021 as the Federal Government has increased the prices of both single-phase and three-phase meters. But consumers have kicked against the move and wondered why there would be an increase in the prices of meters when the government had announced …
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By Wale Odunsi The Federal Government disbursed N58billion to Nigerians in the past two months under the Conditional Cash Transfer (CCT). Halima Shehu, National Coordinator, Household Uplifting Programme – Conditional Cash Transfer (HUP – CCT) made the disclosure. Shehu spoke in Yola at the launch of a two-day stepdown training on HUP-CCT orientation and sensitisation of beneficiaries. She said the …
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From showcasing of talents, to the art of fashion design, identifying youths in the food business and lots more, Nigeria’s leading financial services providers, First Bank of Nigeria Limited has reiterated its commitment to Youth Empowerment and Entrepreneurship through the celebration of its ongoing 2021 Youth Week. The Youth Week, themed “The Future is Now, Let’s Takeover” started on Monday, …
Continue ReadingNnamdi Okonkwo, the immediate-past chief executive officer of Fidelity Bank Plc and newly appointed group managing director of First Bank Holdings has debunked a report that he has been arrested by the Economic and Financial Crimes Commission (EFCC). Reports in the online media suggest that Okonkwo was picked up three days ago by the anti-graft agency and “has been providing …
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A notorious drug dealer, Okoli Collins Ikenna, who is the mastermind of recent multiple attempts to export illicit drugs to London in the United Kingdom through the Murtala Muhammed International Airport, MMIA, and some courier companies in Lagos has been arrested by operatives of the National Drug Law Enforcement Agency, NDLEA. According to the agency’s spokesman, Femi Babafemi through a …
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Nigerian lender, Unity Bank Plc has handed out a total of N10 million in prize money as business grants to 30 NYSC members in the latest edition of its flagship Youth entrepreneurship and empowerment initiative, Corpreneurship Challenge held across ten states recently. The competition, already in its 7th edition, produced the 30 winners during the final business pitch for the …
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By Emma Ujah The Central Bank of Nigeria spent the sum of N58.618 million to print 2.518 billion Naira notes, valued at 1.063 trillion in, 2020. This was contained in the bank’s 2020 Currency Report posted on its website. It indicated a decrease in the bank’s expenditure on currency printing, which stood at N75.523 billion, in 2019 and N64. 040 …
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Eminent personalities from all walks of life, on Friday, 22 October, 2021, converged in Lagos, for the burial ceremony of Mrs. Joanna Tokunbo, the grandmother of Abiodun Coker, a journalist, public relations expert and core member of the media relations department of United Bank for Africa (UBA). The late matriarch slept in the lord on September 23, 2021 at the …
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By Elizabeth Adegbesan The Debt Management Office (DMO) said it is set to issue a fourth Sovereign Sukuk bond this year for an amount of N200 – N250 billion to finance road projects across the country. Sukuk is the Arabic name for financial certificates, also commonly referred to as “sharia complaint” bonds. According to the Office, it has appointed Transaction Parties …
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