FCMB Bank (UK) Limited Launches Personal and Business Banking Proposition to Deepen Inclusiveness

FCMB Bank (UK) Limited, an independently incorporated subsidiary of First City Monument Bank Limited (which is a member of FCMB Group Plc), has introduced its Personal and Business banking proposition in London, United Kingdom and Lagos, Nigeria at an impressive ceremony attended by the top echelon of the business community within and from outside the […]

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The Worrisome Trend of Sensational Social Media “Journalism” and the Impact On Legitimate Business Concerns: Recent Travails of FCMB, GTBank and First Bank

On June 25, 2018 I woke up to yet another social media trend – a news story with the bold and quite salacious headline “How Safe Are Customer Deposits At FCMB?” had taken over the digital airwaves. Between the shares and likes and comments, a storm in a cup had brewed to great proportions in […]

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FCMB attains ISO Certification for Quality Management

Leading financial services provider, First City Monument Bank (FCMB), has been awarded the prestigious International Organisation for Standardisation (ISO) 9001:2015 certificate for Quality Management System. The Bank was presented with the certificate by the Standards Organisation of Nigeria (SON), following a comprehensive audit and evaluation exercise conducted by the Organisation. The exercise covered departments and […]

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NNPC lures investors to establish refinery in Akwa Ibom

The Group Managing Director of the Nigerian National Petroleum Corporation, (NNPC) Dr. Maikanti Kacalla Baru, has said that he has engaged investors to establish a refinery in Akwa Ibom State. The NNPC GMD, who said this during a two-day Triennial Retreat/Synergy workshop of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in […]

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Nigeria can’t achieve much without stable energy – IMF

Without energy, it’s difficult for Nigeria to achieve higher productivity in many sectors of the economy, Mr. Abebe Aemro Selassie, the Director of the International Monetary Fund (IMF’s ) African Department has said. Briefing newsmen over the weekend at the IMF/ World Bank Annual Meetings in Washington DC, Selassie said even the growth recorded in […]

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FG targets $150bn from non-oil export in 10years

The Federal Government is targeting $150 billion extra earning from non-oil exports as part of the country’s Zero Oil Plan (ZOP). At the inaugural meeting of the National Economic Council (NEC) Committee on Export Promotion held in Abuja recently, the Executive Director of Nigeria Export Promotion Council (NEPC), Olusegun Awolowo, said the target can be […]

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NERC delays electricity tariff review for fourth time

The implementation of the Multi-Year Tariff Order (MYTO) framework for electricity pricing has again been delayed for the fourth minor review which occurs every six months. Daily Trust reports that the tariff which should now be at an average of N51 per kilowatt hour (kWh) is still at N31.8 as the implementation of the reviews […]

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Abuja DisCo meters 88,000 customers, targets 120,000 by December

The Managing Director of Abuja Electricity Distribution Company (AEDC), Ernest Mupwaya said his company has installed 88,000 meters and would install 120,000 units by December 2017 to tackle complaints on estimated billing. upwaya said this at the opening of a two day workshop on energy theft for judges within the Federal Capital Territory (FCT). He […]

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Fossil fuel demand to by 25% by 2040 – OPEC

Fossil fuel demand will reduce by nearly 25 percent in the next two decades, the Secretary General of the Organisation of Petroleum Exporting Countries (OPEC), Mohammed Sanusi Barkindo has said. Speaking at the SPE Kuwait Oil & Gas Show and Conference in Kuwait City, yesterday, Barkindo however said fossil fuels will remain a dominant in […]

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SEC suspends Oando shares from stock market

The Securities and Exchange Commission has ordered the Nigerian Stock Exchange to suspend trading on the shares of Oando Plc. The commission said in a circular yesterday it had carried out a comprehensive review of the petitions by Alhaji Dahiru Barau Mangal and Ansbury Incorporated and made the following findings amongst others; Breach of the […]

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