First Bank

Friday, September 29, 2023

Police arrest Sam Larry from Lagos Airport upon arrival from Kenya

The Nigeria Police Force, Lagos State Command has arrested socialite and music promoter, Balogun Eletu, popularly known as Sam Larry, from the Murtala Muhammed International Airport, Ikeja, over the death of late musician, Ilerioluwa Aloba known as Mohbad.

A police source revealed that “Sam Larry was arrested at the airport after he arrived from Kenya. Our officers arrested him at the airport and he was immediately taken to the state police headquarters for questioning.”

Monday, September 25, 2023

Zenith Bank Delivers Phenomenal Triple-Digit Growth In Topline And Bottomline In H1 2023 Result

Zenith Bank Plc has announced its audited results for the half-year ended 30 June 2023, recording an astounding triple-digit growth of 139% in gross earnings from N404.8 billion reported in H1 2022 to N967.3 billion in H1 2023.  This is a clear demonstration of its resilience and strong market share despite a very challenging macroeconomic environment and persistent headwinds.

According to the bank's audited half-year financial results presented to the Nigerian Exchange (NGX) on Monday, 11th September 2023, the triple-digit growth in the top line also spurred the bottom line as the Group recorded a 169% Year on Year (YoY) increase in profit before tax, growing from N130 billion in H1 2022 to N350.4 billion in H1 2023.  Profit after tax also grew by triple digits, growing by 162% from N111.4 billion to N291.7 billion in the same period. 

Glo emerges "Outstanding Telecom Brand of the Year"

Foremost telecommunications company, Globacom, last weekend garnered two prestigious awards at the 2023 Brands and Advertising Awards organized by brand and marketing communication industry giant, Marketing Edge. 

Glo received "Outstanding Telecoms Brand of the Year" and the "TV Commercial of the Year" awards at a ceremony held at The Podium Event Centre, Lekki, Lagos. The event also coincided with the 20th anniversary of Marketing Edge and the awards were in recognition of Globacom's contributions to Nigeria's telecom sector.

Friday, September 22, 2023

Yemi Cardoso assumes duty as Acting CBN Governor

Yemi Cardoso has assumed duty as Acting Governor of the Central Bank of Nigeria. This was disclosed via a press release by the apex bank. 

President Bola Tinubu had nominated Dr. Olayemi Michael Cardoso to assume the role of Governor for the Central Bank of Nigeria (CBN). 

This five-year appointment is subject to the endorsement of the Nigerian Senate, in compliance with Section 8 (1) of the Central Bank of Nigeria Act, 2007.  

The press release from the apex bank disclosed that Dr. Cardoso together with his designated deputies took the oath of office today, Friday, 22nd September 2023 at the bank’s Head Office in Abuja.

Olympic Bobsledder sues team doctor for alleged sexual abuse


Olympic bobsledder Aja Evans has filed a lawsuit against the USA Bobsled doctor, alleging he sexually abused her and her teammates. The lawsuit alleges that Dr. Jonathan Wilhelm inappropriately groped Evans under medical pretenses.  

Evans claims she previously reported Wilhelm for photographing and recording the team while they were changing without consent.  Several reports against Wilhelm were disregarded by the US Olympic committees, and the doctor was never investigated for his alleged behavior.  

The team has gone on record saying that they hired their own medical professionals to avoid being in his care.  The lawsuit draws parallels to the abuse committed by Dr. Larry Nassar against the US gymnastics team.  The lawyer who represented the victims of Nassar in court, Michelle Simpson Tuegel, will be representing Evans in this case.

Sunday, September 10, 2023

CBN Probe: Aisha Ahmad Released After DSS Questioning

Online reports alleging the arrest and detention of the Deputy Governor of the Central Bank of Nigeria in charge of Financial System Stability (FSS), Aisha Ahmad are not factual.

However, the reports of his detention by the DSS are fictitious and the wild imaginations of the online publishers. 

According to a CBN source who spoke on condition of anonymity, "the CBN DG just like other officials participated in the ongoing routine interviews as part of a larger investigation into activities of the former CBN Governor by the DSS and the Special Investigator."

He further disclosed that the contents and subjects of such interview processes are wide-ranging and beyond the realm of public gossip or speculation. 

He added that it is important for Journalists to know that not every visit by a Nigerian to the facility of a security agency is an arrest and not every time spent is tantamount to time spent in detention.

The CBN Source further disclosed that " the DG is home, well and will continue to dedicate herself to the service of the apex bank and the Federal Republic of Nigeria."

Ahmad was appointed Deputy CBN governor on 6 October 2017, replacing Sarah Alade, who retired in March 2017. She was confirmed by the Nigerian Senate on 22 March 2018.

Saturday, September 9, 2023

Powerful earthquake hits Morocco, killing hundreds

Residents of Marrakech, the nearest major city to the epicentre, said some buildings had collapsed in the old city, a UNESCO World Heritage site, and local television showed pictures of a fallen mosque minaret with rubble lying on smashed cars.

Morocco's geophysical centre said the quake struck in the Ighil area of the High Atlas with a magnitude of 7.2. The U.S. Geological Survey put the quake's magnitude at 6.8 and said it was at a relatively shallow depth of 11.5 miles.

Wednesday, September 6, 2023

Nigerian election tribunal rejects challenge to Tinubu's presidential win

Nigeria's presidential election tribunal on Wednesday (September 6) rejected an opposition challenge to Bola Tinubu's victory in February's disputed vote, following a pattern seen in previous election years in Africa's most populous country.

No legal challenge to the outcome of a presidential election has succeeded in Nigeria, which returned to democracy in 1999 after three decades of almost uninterrupted military rule and has a history of electoral fraud.

Atiku Abubakar of the People's Democratic Party and Peter Obi of the Labour Party, who came second and third respectively, had asked the court to invalidate the election, alleging irregularities.

Judge Haruna Tsammani, reading out a lengthy ruling on behalf of the tribunal's panel of five justices, rejected Obi's petition point-by-point. He was reading Atiku's petition, which was also expected to be dismissed.

While favourable to Tinubu, the tribunal's ruling was unlikely to generate any particular euphoria or momentum for the president after an election marked by a record low turnout of 29%.

In a nation of more than 200 million people of whom 87 million were registered to vote, Tinubu garnered just 8.79 million votes, the fewest of any president since the return to democracy, limiting the goodwill towards him.

Friday, September 1, 2023

Zenith Bank Appoints Dr. Juliet Ehimuan As Non-Executive Director


The Board of Directors of Zenith Bank Plc has appointed Dr. Juliet Ehimuan as a Non-Executive Director of the bank effective August 29, 2023. The appointment, which was announced in a statement to the Nigerian Exchange (NGX) Limited on Tuesday, August 29, 2023, has also be confirmed by the Central Bank of Nigeria.

Dr Juliet Ehimuan is the Founder and CEO of Beyond Limits and the immediate past Director of Google West Africa. She was named by Forbes as one of the top 20 power women in Africa, by the London Business School as one of 30 people changing the world, and as one of the Most Influential People of African Descent (MIPAD). She was also featured in the BBC Africa Power Women series, and on CNN Innovate Africa.