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Technology has been a veritable gift to mankind, and over the years, it has been responsible for creating amazingly useful resources which put all the information individuals need at their fingertips. The development of technology has also led to so many mind-blowing discoveries, better facilities, and better luxuries, which has in-turn helped to improve lifestyle and standard of living.  For ... Read More »

At present, there are over 86,000 banking agents across 772 out of the 774 local government areas in Nigeria, a demonstration of FirstBank’s commitment to deepening financial inclusion and ensuring the unbanked are adequately catered for. In an interview with BusinessDay, Adesola Adeduntan, FirstBank’s CEO, noted that over N9.6 trillion had been processed through the bank’s agent network. As he ... Read More »

Heirs Holdings (“HH”), the leading African strategic investor, in partnership with affiliated company Transnational Corporation of Nigeria Plc (“Transcorp”), Nigeria’s largest publicly listed conglomerate, announced today the unconditional acquisition of a 45% participating interest in Nigerian oil licence OML 17 and related assets, through TNOG Oil and Gas Limited (a related company of Heirs Holdings and Transcorp), from the Shell Petroleum Development Company of Nigeria Limited, ... Read More »

First of Bank of Nigeria Limited, Nigeria’s leading financial inclusion services provider has launched the Virtual Payment card, a Naira denominated debit card and digital representation of the plastic debit card. The card is designed to be linked to either a customer’s operative account or wallet account. The FirstBank Virtual Payment Card is a suitable alternative to the use of cash ... Read More »

With many countries strategizing for the African Continental Free Trade Area (AfCFTA) that kicked off at the beginning of this month, Dangote Industries Ltd, has stated that its cement expansion plan and fertilizer investments will open new trade routes for the company and Nigeria under the trade deal.    Already, the cement company, despite an installed capacity of 29.3Mta in ... Read More »

L-R:  Olusegun Alebiosu, Chief Risk Officer of First Bank of Nigeria Limited and representative of the Bank’s CEO; Gabriel Ejembi, First runner up; Ajayi Tajudeen, Tournament winner, and Tochukwu Emuwa, Second runner up, at the prize presentation ceremony of the 59th edition of the FirstBank sponsored Lagos Open Golf tournament, recently held at the Ikoyi Club, Lagos. Golf Winner Presentation L-R: Mr. ... Read More »

Yemisi Edun First City Monument Bank (FCMB) has appointed an acting managing director in the wake of the sex scandal rocking its managing director, Adam Nuru, and his subsequent stepping aside. The new chief executive of the bank is Yemisi Edun. A statement by the bank sent on Wednesday and titled: “YEMISI EDUN TO ACT AS MANAGING DIRECTOR OF FCMB, ... Read More »

I am a former Employee of FCMB. I worked there for a bit in the securities trading arm, CSL. CSL is a legendary institution that continues to be the corner piece of the Nigerian Capital Market. I was the Head of Local Business.One thing that attracted me to the firm was its legacy. Its founder, Chief Subomi Balogun, was a ... Read More »

Fidelity Bank Plc said on Sunday that the organization will consolidate on its growth and achieve greater strides as Mrs Nneka Onyeali-Ikpe assumes office as managing director Onyeali-Ikpe becomes the fourth Chief Executive and first female to occupy the position since the inception of the bank in 1988. She succeeded erstwhile managing director. Nnamdi Okonkwo who retired on December 31, ... Read More »

Stanbic IBTC Holdings PLC, a member of Standard Bank Group, has continued to make remarkable contributions to children’s lives in communities where it operates. As part of its Corporate Social Investment (CSI) initiative, the financial institution’s Marketing and Corporate Communications department renovated the SOS Children’s Villages, Social Centre, located at Isolo in Lagos State. Members of the department gave the ... Read More »