Business

First Bank Begins Robotic Services In Lagos, Ibadan Branches

Published

3 years ago

August 10, 2023

WhatsApp Image 2023 08 10 at 11.31.00 AM

467 Views

The Managing Director and Chief Executive Officer of the First Bank of Nigeria, Mr. Adesola Adeduntan, has said that the new technology and digital service experience introduced into the banking system of the bank will go a long way to curb forgery, fraud and other forms of vices in the banking sector, which will not affect services being rendered by the staff.

Mr. Adeduntan gave the assurance yesterday, during the launch of the second fully automated Digital Xperience Centre of the branch of the bank at the University of Ibadan.

He said that the days of customers getting stranded is gone with the digital technology of the centre, adding that customers can walk into the location and conduct their banking services without having to interact with any human being.

He said: “There are machines here that issue debit cards, the Robot can help you to make enquiries and you can work with the Robot to open an account. It can also help you block your account in case you suspect any fraud.”

“The new technology and digital service is the first of its kind, we are the first Bank in Nigeria that has started this digital experience centre. The first one was located at our branch, Adetokunbo Ademola Street on Victoria Island, Lagos.

“We purposefully chose the branch at the University of Ibadan for the second location because of the advance initiative in the city of Ibadan because we believe that the students, lecturers and customers all over the neighbourhood will benefit significantly from making use of the facility.”

Business

Naira Exchange Rates Thursday, 5 Nov 2026

Published

18 hours ago

November 5, 2026

OCHEFA

75 Views

BLACK/ PARALLEL MARKET RATES

₦1400DOLLAR (USD)

₦1830POUND (GBP)

₦1515 EURO (EUR)

₦950 CANADIAN DOLLAR (CAD)

₦70 SOUTH AFRICAN RAND (ZAR)

₦350 UAE DIRHAM (AED

₦190 Chinese YUAN (CNY)

₦100 Ghanaian CEDI (GHS)

West African CFA ₦2240 (XOF)

Central African CFA ₦2180 (XAF)

₦820 Australian Dollar AUSSIE (AUD)

Business

NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

2 days ago

November 4, 2026

OCHEFA

125 Views

The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.