Business

Undergraduate Wins First House in GloFestival of Joy Promo

Published

1 year ago

November 17, 2022

Eric

The first house prize in Globacom’s ‘Festival of Joy’ promo on Wednesday went to a 200–level student of Science Laboratory Technology of Ekiti State University, Ado Ekiti.

The event which was held in Ibadan yesterday was the first prize-presentation exercise in the on-going promoand saw an excited 19-year-old, Ibrahim Akindele,receive the keys to a three-bedroom house.

Speaking at the event, Akindele who explained that the decision on how to use the apartment would be left for his parents to make, said, “I was in disbelief, I thought it was just someone playing pranks”. He however added that he knew from past events that Globacom gives huge prizes to its subscribers.

Also at the event was 54-year-old mother of the winner, Mrs. Funmilayo Akindele. The visibly elated woman said, “The house will be a place of refuge for Ibrahim and his older brother while we will be coming to spend weekends with them”.

Speaking at the event, Mr. Akeem Yusuf, Globacom’s Head of Operations, West Territory, saidthat the promo was conceived in line with the commitment of Globacom towards empowerment of its customers, adding that Festival of joy will reward Glo subscribers with amazing prizes.

He stated that, “Our commitment to the total well-being of our subscribers and the realization that shelter is one of the key needs of man have fuelled our desire to help some of them have houses of their own through this promo. This kind of prize is unprecedented as no brand has ever offered or presented such to their customers before”.

The second prize presentation event also comes up in Ibadan where a lucky winner will drive away a brand new Kia car, while other winners will go home with power generators, sewing machines and rechargeable fans on Thursday, November 17.

The event was attended by important dignitaries including the Speaker of the Oyo State House of Assembly, Mr. Debo Ogundoyin, and other key members of the state legislature.

20 houses, 24 brand cars, hundreds of generators, sewing machines and rechargeable fans will be won by lucky subscribers across the country in the on-going Festival of Joy promo. To participate in the promo, Globacom said interested subscribers should dial the dedicated short code *611# and recharge with N500 weekly to qualify to win the rechargeable fan, N2,500 monthly recharge for the Sewing Machine, N5,000 monthly recharge for the generator, N10,000 monthly recharge for the car and N20,000 data subscription during the promo period for the house.

Business

FirstBank Appoints New MD/CEO, Alebiosu

Published

4 days ago

April 22, 2024

Eric

First Bank of Nigeria has appointed Olusegun Alebiosu as its new Managing Director with effect from April 2024.

The Bank stated this in a release signed by its acting company secretary Adewale Arogundade.

Alebiosu takes from Adesola Adeduntan, who resigned abruptly on Saturday with eight months left to complete his tenure in December 2024.

The release stated that “following the resignation of the managing director/CEO of FirstBank, Dr. Adesola Adeduntan, the Board of Directors has appointed Olusegun Alebiosu as the acting CEO of the 130-year-old institution.

“The appointment takes effect immediately and is subject to the approval of the Central Bank of Nigeria.”

The release stated that Alebiosu was until this appointment the executive director, chief risk officer and executive compliance officer since January 2022. Prior to that, he was the Group executive/ chief risk officer, a position he held since 2016.

“Alebiosu brings to the executive management of FirstBank over 28 years’ experience in the banking and financial services industry with cross-functional exposure to Credit risk management, Financial planning and control, Credit and marketing, Trade, Corporate and commercial banking, Agriculture financing, Oil and Gas, Transportation (including Aviation and Shipping) and Project financing.”

It added that the new acting MD/CEO commenced his professional career in 1991 with Oceanic Bank Plc (now EcoBank) and prior to joining FirstBank in 2016 served as Chief Risk Officer at Coronation Merchant Bank Limited, Chief Credit Risk Officer at African Development Bank Group and Group Head, Credit Policy & Deputy Chief Credit Risk Officer at United Bank for Africa Plc.

“He is an alumnus of Harvard School of Government and holds a Bachelor’s degree in Industrial Relations and Personnel Management. He also obtained a Master’s degree in International Law and Diplomacy from the University of Lagos and holds a Master’s degree in Development Studies from the London School of Economics and Political Science.

“He is a member of various professional bodies namely, Fellow, Institute of Chartered Accountants (FCA), Associate, Nigeria Institute of Management (ANIM), Chartered Institute of Bankers of Nigeria (CIBN) and Member, Nigeria Institute of International Affairs.”

Business

Again, Naira Slumps Against Dollar, Trades at N1,169/$1 in Official Window

Published

5 days ago

April 20, 2024

Eric

The Naira, on Friday, slumped for the second consecutive day against the American dollar at the official window trading at N1,169/$1, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM).

At the end of trading on Friday, the Naira lost N15 against the dollar when compared to the previous exchange rate of N1,154/$1 on Thursday, April 18, 2024.

The intra-day high and low recorded during the day were N1,236/$1 and N1,021/$1 respectively, representing a lean spread of N215/$1.

Similarly, the Naira slumped against the dollar at the parallel market for the second consecutive day to trade at N1,150/$1 representing a loss of N50 when compared to the N1,100/$1 it traded the previous day.

The British Pound also slumped against the Naira by N50 to trade at N1,500/£1 as against the previous trading price of N1,450/£1 representing a loss of N50 for the local currency,

The Canadian dollar however closed flat against the Naira to trade at N1,000/CA$1 same as the previous trading day rate of N1,000/ CA$1.

The Euro also slumped against the Naira to trade at N1, 280/€1 as against the rate of N1,200/€1 the previous trading rate indicating a gain of N80 in the European currency.

Business

Glo Launches New Internet Solution Products for Homes, Businesses

Published

3 weeks ago

April 8, 2024

Eric

Two new products, which provide internet connectivity solutions specially designed for Residential and SME commercial customers, have been unveiled by digital solutions company, Globacom.

The products, Fibre to the Home (FTTH) and Fibre to the Business (FTTB) were packaged for Glo customers to enjoy reliable and high speed internet through linked fibre services.

Globacom said in a statement in Lagos “With these services, businesses and homes can access dedicated internet speeds of up to 1GBps, allowing unlimited internet usages for seamless video calls, video and music streaming and a whole lot of other dedicated usages to promote business success and equally provide endless entertainment for homes”.

It explained that the new product comes with a unique opportunity for “Residential Estates, High Rise Apartments, Commercial SME Estates to enjoy dedicated high speed internet in their cluster”.

These services, according to Globacom, give exceptional experience and unmatched speed for users at home or in offices and are provided through hi-speed fibre – unlike copper which was being used in the past.

Positioning itself as the premier provider of innovative solutions for businesses of all sizes, Globacom assured customers of the best value for money with the new offerings, adding that users who sign on for these services will also enjoy fully dedicated bandwidth.

“We are committed to delivering the most cost-effective data connectivity experience for homes and businesses in addition to providing dedicated and reliable services.” Globacom concluded.