AMCON has taken over IBEDC. EKO HOT BLOG reports that the Assets Management Corporation of Nigeria (AMCON) has taken over the Ibadan Electricity Distribution Company(IBEDC) Ltd over insolvency. This was revealed in memo signed by the Chief Operating Officer (COO) Engineer John Ayodele which was directed to members of staff intimating them of the development. … Read more
Getting rewarded for spending money is a dream that is probably going to remain exciting for many people, but not for the Firstmonie Wallet users. Eko Hot Blog reports that in a two month Transact and Win campaign that started on November 22, 2021, First Bank of Nigeria Limited is rewarding several customers for carrying … Read more
GTB Shows Signs Of Sinking Brand As Innoson CEO Moves To Take Over Bank EKO HOT BLOG reports that Guaranty Trust Holding Company PLC, GTbank, has shown signs of a sinking brand as Innoson Vehicle Manufacturing, IVM, CEO, Chief Innocent Ifediaso Chukwuma, moves to take over the bank over failure to repay debts. Chukwuma says … Read more
CBN has approved Abdullahi to succeed Babalola as FBNH Chairman. Eko Hot Blog reports that the Central Bank of Nigeria has approved the appointment of Alhaji Ahmad Abdullahi as non-executive Director of First Bank Holding Plc and Chairman of the company This follows the recent resignation of the former Chairman of the company, Mr Remi Babalola. The CBN’s approval of … Read more
‘We never left Sharjah Airport’ — Air Peace denies UAE claim EKO HOT BLOG reports that according to Air Peace, assertions made by aviation officials in the United Arab Emirates about why the government refused its flight slots are false. In a letter to Hadi Sirika, minister of aviation, on Saturday, Oluwatoyin Olajide, chief operating … Read more
The Managing Director/Chief Executive of Access Bank Plc, Mr Herbert Wigwe, in an interview with Cable News Network (CNN) speaks on the bank’s move to break more grounds and expansion move into other African nations EKO HOT BLOG gathered that Access Bank Plc is putting in more effort to conquerer the African nations in a … Read more
Ecobank Nigeria bags “Consumer Finance Product of the Year” award at the Middle East & Africa (MEA) Retail Banking Innovation Awards organized by Digital Bankers. EKO HOT BLOG reports that the Middle East & Africa (MEA) Retail Banking Innovation Awards has named Ecobank Nigeria winner of “Consumer Finance Product of the Year” at the Middle … Read more
Elon Musk, Bezos, Zuckerberg lose billions as tech stocks tumble EKO HOT BLOG reports that plummeting tech stocks knocked away tens of billions of dollars from the net worth of some billionaires on Friday, as inflation and economic tightening worries heightened. Elon Musk’s net worth dropped by $15.2 billion on Friday, the biggest among tech … Read more
Jack Dorsey names successor at Twitter, explains resignation EKO HOT BLOG reports that Jack Dorsey appoints a successor at Twitter and explains his decision to retire. Twitter’s chief technical officer, Parag Agrawal, will succeed Jack Dorsey as CEO, the company said Monday. This came after Jack Dorsey, the company’s co-founder and long-serving CEO, resigned. CNBC … Read more
It is no longer news that SEO expert and content writer, Mmadubugwu Justice is the brain behind the popular NewsOnline Nigeria, an online news platform that has been making a huge difference in cyberspace. Aside from being an SEO expert with years of experience in digital marketing and content analysis, he has trained individuals, consulted … Read more
According to Global Entrepreneurship Monitor, Nigeria has the highest number of women entrepreneurs in the world. There are over 41 million Small and Medium Enterprises (SMEs) and women constitute 40 per cent of this number. This high level of women’s participation in entrepreneurship has been found out to be necessity-driven, and as they say, “necessity … Read more
44 newcomers make Forbes 400 richest list, Trump still out The ranking currently has Amazon.com founder Jeff Bezos at the top, with Elon Musk at the bottom. EKO HOT BLOG reports that Forbes, an American business magazine, announced 44 entrants to its list of the 400 wealthiest individuals in 2021 in a post on its … Read more
Staley will be succeeded as CEO by the bank’s head of global markets, C.S. Venkatakrishnan. During his long tenure at JPMorgan, Staley interacted with Epstein, who was a key private banking customer until 2013. Ekohotblog reports that Jes Staley, the CEO of Barclays, is leaving the business following a disagreement with British financial authorities about … Read more
Palm oil is a value chain business that engages endless streams of people at different stages of its procession. It can gainfully engage many young Nigerians. Ekohotblog reports that according to palm oil traders in Cross River State, Nigerian palm oil is the most sought-after on the world market, which is why it is unavailable … Read more
The last time Microsoft had a bigger market cap than Apple was July 2020 Ekohotblog reports that following the smartphone giant’s unexpected sales deficit due to supply bottlenecks, Microsoft Corp. is likely to overtake Apple Inc. as the most valuable firm in the United States for the first time in over 16 months. Apple shares … Read more
Tesla is the second-fastest company to hit the $1 trillion mark… Last year Tesla sold only 500,000 cars worldwide Ekohotblog reports that Elon Musk’s Tesla has now become the sixth business in US history to reach $1 trillion in market capitalization. The stock rose more than 12% to $1,045 on Monday, driven by two pieces … Read more
President Buhari has unveiled the e-Naira in Nigeria. EKOHOTBLOG reports that President Muhammadu Buhari has on Monday unveiled Nigeria’s digital currency, e-Naira. This online news platform reports that President Buhari unveiled the currency at the Presidential Villa in Abuja. The event had in attendance the Vice President, Yemi Osibanjo; the Governor of the Central … Read more
President Muhammadu Buhari will leave on Monday for the 5th G20 conference in Riyadh. Dangote, Tinubu, Leo-Stan Ekeh in Buhari’s team to Riyadh Ekohotblog reports that President Buhari’s team to the investment conference in Saudi Arabia includes Nigerian businesspeople like Aliko Dangote, Wale Tinubu, Leo Stan-Ekeh, and Alhaji Abdulsamad Rabiu. The Future Investment Initiative Institute … Read more
e-Naira, like the physical Naira, will be accessible by everyone. The launching of the e-Naira would mark the beginning of more research for the enhancement of the platform. Ekohotblog reports that the Central Bank of Nigeria, CBN, said on Saturday that President Muhammadu Buhari will publicly debut the e-Naira on Monday. Recall that the digital … Read more
FBN has spoken about the acquisition of a majority stake in the company by Femi Otedola. EKOHOTBLOG reports that FBN Holdings Plc, the holding company for First Bank of Nigeria Limited, has said that it is not aware of the widely-reported share acquisition of the company by Femi Otedola. This online news platform recalls that reports … Read more