LAGOS APRIL 11TH (NEWSRANGERS)- In a bold move that resets the rules of engagement in the Nigerian banking sector, Sterling Bank has removed transfer fees on its digital banking platform, OneBank. This decisive move makes Sterling the first major Nigerian bank to forgo earning a cut from customer transactions on its own app. The initiative…
LAGOS APRIL 11TH (NEWSRANGERS)-The Nigerian Electricity Regulatory Commission (NERC) has sanctioned eight power distribution companies (DisCos) for noncompliance with the capping of estimated bills for unmetered customers. A statement yesterday, NERC indicated that the affected DisCos are Abuja, Eko, Enugu, Ikeja, NERC said the companies overbilled customers in violation of energy caps set by the…
LAGOS APRIL 11TH (NEWSRANGERS)-Dangote Petroleum Refinery and Petrochemicals has reviewed its ex-depot (gantry) loading cost of petrol to ₦867 per litre. It was gathered that the $20bn refinery informed its marketers and customers of the slash on Thursday. An official at the refinery confirmed the price reduction from ₦880 to ₦867 per litre to Channels…
LAGOS APRIL 6TH (NEWSRANGERS)- The new Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Bayo Ojulari, has officially taken over the reins of the company from his predecessor, Mr. Mele Kyari. In a brief handover ceremony held at the NNPC Towers on Friday, the GCEO commended Kyari for his contributions to…
LAGOS APRIL 6TH (NEWSRANGERS)- Following the appointment of the Group Chief Executive Officer and Board of Directors, the Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the appointment of a new 8-man Senior Management Team on Friday. Statement signed by Chief Corporate Communications Officer NNPC Ltd, Olufemi Soneye made available to NewsRangers said the team…
LAGOS MARCH 4TH (NEWSRANGERS)-There are strong indications that President Bola Ahmed Tinubu reluctantly approved the sack of Mele Kolo Kyari as Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited (NNPCL), following mounting concerns about some aspects of the company’s operations. The president announced Kyari’s removal alongside the dissolution of the NNPCL…
LAGOS APRIL 3RD (NEWSRANGERS)-There are indications that more heads will roll in the Nigerian National Petroleum Company Limited, NNPCL and its subsidiaries as Engineer Bayo Ojulari yesterday assumed office as the new Group Chief Executive Officer. This was even as the management and staff of NNPC Ltd welcomed the appointment of a new GCEO Officer…
LAGOS APRIL 2ND (NEWSRANGERS)-In a landmark move that sets a new benchmark for customer-focused banking in Nigeria, Sterling Bank has championed the cancellation of bank transfer fees by major banks, announcing it will no longer take any money for itself for any local online transactions by its customers. The announcement made on April 1 initially…
