FirstBank: Nigeria’s Premier Eco-Friendly Financial Brand
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Bayo Adetu
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June 5, 2021
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BUSINESS
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By Jeremiah Agada As the world gears up to celebrate the World Environment Day (WED), Brand Communicator’s focus on Eco-Friendly Brands in the Nigerian market falls on Nigeria’s premier and perhaps the strongest financial institution, First Bank of Nigeria Limited. The focus is on the Bank’s environmental policies and its impact on the global environmental issues. This brings to fore the importance of environmental sustainability in …
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This Is How To Use Twitter In Nigeria Despite Ban By FG
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Bayo Adetu
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June 5, 2021
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BUSINESS
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Nigerians can use Virtual Private Networks to access Twitter now that the social media platform’s operations have been suspended in the nation. A virtual private network (VPN) is a network that extends a private network across a public network. It allows users to send and receive data through shared or public networks as though they were linked directly to the …
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Important Update On USSD Transactions
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Bayo Adetu
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June 5, 2021
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BUSINESS
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Please be informed that you are now required to pay a fee of N6.98 to your mobile network provider for every banking transaction carried out on all USSD banking platforms. This means that when you access any banking service using USSD, a fee of N6.98 will be charged to your bank account, which is in turn remitted in full by …
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FIRSTBANK Clinches Another International Recognition; Ranked Second Most Admired Financial Services Brand In Africa
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Bayo Adetu
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June 3, 2021
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BUSINESS
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First Bank of Nigeria Limited, Nigeria’s premier and leading financial inclusion services provider, has been ranked the second ‘most admired financial services brand’ in Africa – for the second straight year – at the 2021 Brand Africa 100: Africa’s Best Brands Event, held on Africa day, 25th May 2021. Brand Africa is an intergenerational movement to inspire a great Africa …
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Public Announcement
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Bayo Adetu
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June 2, 2021
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BUSINESS
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This is to inform the public that our South East branches are fully open for business. Please disregard any news making the rounds that is contrary to this. Thank you. About FirstBank First Bank of Nigeria Limited (FirstBank) is the premier Bank in West Africa and the leading financial inclusion services provider in Nigeria for over 127 years. With over …
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Explosions: Senate Urges Clampdown On Illegal Gas Retailers
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Bayo Adetu
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June 2, 2021
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BUSINESS
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The Senate on Tuesday urged the Department of Petroleum Resources (DPR) to clamp down on illegal roadside retailers of liquefied petroleum gas, those operating within residential areas and licensed plants who lack basic and standard minimum requirements. It also mandated its committees on Gas and Industries to investigate the causes of the recent cases of gas explosions across the country …
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Naira Depreciates Further To N498/$
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Bayo Adetu
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June 2, 2021
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BUSINESS
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The naira continued its nosedive as it depreciated to N498 at the parallel market despite being stable at the Investors’ and Exporters’ window yesterday. Having depreciated to N495 to the dollar last week following the adoption of the Nigeria Autonomous Foreign Exchange (NAFEX) rate by the Central Bank of Nigeria (CBN), the naira remained unmoved on Monday at both I&E …
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CBN Spends Over N44bn On Cotton, Textile, Garment Sector In 2 Years
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Bayo Adetu
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June 2, 2021
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BUSINESS
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The Central Bank of Nigeria (CBN) said it has disbursed over N44 billion across the cotton, textile and garment (CTG) value chain between 2019 and 2020 and has been monitoring recovery over the period. The central bank also said its intervention in the sector has created over 620,000 direct and indirect jobs in two years while also ensuring that the …
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Drugs Scarcity Looms In Nigeria, As India Suspends Production
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Bayo Adetu
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June 2, 2021
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BUSINESS
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Scarcity of medical drugs is looming in Nigeria, as India halts production of raw pharmaceutical materials. India is the largest producer of the commodity. Already, the price of drugs has been on the rise in Nigeria, no thanks to the non-production of pharmaceutical raw materials in drug-producing countries -China and India. It was gathered that about 60 per cent of …
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Stock Investments Drop By N1.02trn As Buyers Shift To Fixed Income
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Bayo Adetu
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June 1, 2021
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BUSINESS
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Investments on the Nigerian stock market declined by N1.022 trillion in the first five months of the year. Capital market analysts attributed the decline or volatility seen in the market during the period under review to rising yields in the Fixed Income (FI) market. Yields on fixed income instruments which were depressed last year have been on an upward trajectory …
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