Business
Glo Presents Prizes To Ofala Promo Winners
Globacom on Sunday, October 23, 2022, presented prizes to its subscribers who emerged winners in the special promotion organised by the company as part of its sponsorship of the 2022 Ofala Festival.
The winners received their prizes at Ime Obi, the palace of Obi of Onitsha, Igwe Alfred Nnaemeka Achebe, on the second day of Ofala celebration called Azu Ofala.
Among the lucky subscribers were Chuka Augustine Amene and Kelvin Tochukwu who drove home brand new tricycles, popularly called Keke.
It was “double blessing” for Amene whose wife was delivered of a baby girl earlier the same day.
“It has been a wonderful day for my family. My joy knows no bounds. My wife just put to bed this morning. Indeed, my new baby has brought me this blessing. Her name is Chimamanda (My God will not fail). Thanks to Globacom for this special gift”, the 32-year-old civil servant with the Anambra State Ministry of Justice declared.
For the second tricycle winner, Tochukwu, it was a dream come true. He told the audience that he had been praying for a Keke and that he had a dream a week ago that he won the vehicle in the Glo promo. “I believed that dream and proceeded to buy a handset from Glo to qualify for the promo. I told my family and friends that I would win and here I am today. I am a firm believer that one will achieve whatever one wants to achieve and works for it,” he stated.
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Other winners went home with industrial sewing machines and grinding machines.
Christopher Bobby, an Nnewi-based businessman; Emmanuel Joseph, a construction worker in Onitsha, and Trophy Ibeabuchi, a final year student of Computer Science at Chukwuemeka Odumegwu Ojukwu University were lucky winners of industrial sewing machine
Grinding machine winners included Ukamaka Orji, a third year student of Integrated Science at Federal College of Education, Umunze, Anambra State.
She said the gift came at a very opportune moment for her as it would empower her to earn money to support herself in school. It’s a dream come true, says tricycle winner at Glo-sponsored Ofala
37-year-old Onitsha-based transporter, Kelvin Tochukwu, who won a tricycle (Keke) in the special promotion packaged by Globacom as part of its sponsorship of the 2022 Ofala Festival says it is “a dream come true”.
Tochukwu who was presented his prize by Glo officials and Palace Chiefs at Ime Obi (Obi’s Palace) in Onitsha, Anambra State, on Sunday told the audience that he had been praying to own a Keke to start his own transport business. He said that he had a dream a week ago that he won the vehicle in the Glo promo.
“I believed that dream and proceeded to buy a handset from Glo to qualify for the promo. I told my family and friends that I would win and here I am today. I am a firm believer that one will achieve whatever one wants to achieve and works for it,” Tochukwu declared.
Chuka Augustine Amene, a 32-year-old civil servant with the Anambra State Ministry of Justice, also won a tricycle. It was a true case of “double blessing” for him as his wife had a baby girl earlier the same day.
“It has been a wonderful day for my family. My joy knows no bounds. My wife just put to bed this morning. Indeed, my new baby has brought me this blessing. Her name is Chimamanda (My God will not fail). Thanks to Globacom for this special gift”, he stated.
Globacom also presented other prizes such as industrial sewing machines and grinding machines to other winners in the promotion.
Christopher Bobby, an Nnewi-based businessman; Emmanuel Joseph, a construction worker in Onitsha, and Trophy Ibeabuchi, a final year student of Computer Science at Chukwuemeka Odumegwu Ojukwu University were lucky winners of industrial sewing machine.
Grinding machine winners included Ukamaka Orji, a third year student of Integrated Science at Federal College of Education, Umunze, Anambra State.
She said the gift came at a very opportune moment for her as it would empower her to earn money to support herself in school.
Excited Glo winners receive prizes in special Ofala Promo
As the 2022 Ofala Festival climaxed on Sunday in Onitsha, Anambra State, lucky winners in the special Glo customer reward promo designed for the yearly event went home with exciting prizes.
The Ime Obi, palace of Obi of Onitsha, Igwe Alfred Nnaemeka Achebe, on the second day of Ofala celebration called Azu Ofala was the venue of the impressive presentation ceremony.
Chuka Augustine Amene and Kelvin Tochukwu who both won tricycles, popularly called Keke, were full of gratitude to Globacom for empowering them through the promo.
Amene, a 32-year-old civil servant with the Anambra State Ministry of Justice whose wife was delivered of a baby girl earlier the same day said, “It has been a wonderful day for my family. My joy knows no bounds. My wife just put to bed this morning. Indeed, my new baby has brought me this blessing. Her name is Chimamanda (My God will not fail). Thanks to Globacom for this special gift”.
On his own part, the second tricycle winner, Tochukwu, explained that it was a dream come true for him as he had been praying for a Keke. He said he had a dream a week ago that he won the vehicle in the Glo promo adding, “I believed that dream and proceeded to buy a handset from Glo to qualify for the promo. I told my family and friends that I would win and here I am today. I am a firm believer that one will achieve whatever one wants to achieve and works for it.”
Winners of industrial sewing machines included Christopher Bobby, an Nnewi-based businessman; Emmanuel Joseph, a construction worker in Onitsha, and Trophy Ibeabuchi, a final year student of Computer Science at Chukwuemeka Odumegwu Ojukwu University.
Similarly, Ukamaka Orji, a third year student of Integrated Science at Federal College of Education, Umunze, Anambra State who won a grinding machine enthused that the prize would avail her the opportunity to set up a mill in support of her educational pursuit.
“It’s double blessing for me”, winner in Glo Ofala Promo says
A tricycle winner in the special customer-reward promo organized by Globacom, the main sponsor of Ofala Festival 2022, said the prize was a double blessing for him as his wife delivered a baby girl the same day of the presentation.
The Ime Obi, palace of Obi of Onitsha, Igwe Alfred Nnaemeka Achebe, on the second day of Ofala celebration called Azu Ofala was a beehive of activities as the winners received their prizes with glee.
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According to Chuka Augustine Amene, a 32-year-old civil servant with the Anambra State Ministry of Justice, “It has been a wonderful day for my family. My joy knows no bounds. My wife just put to bed this morning. Indeed, my new baby has brought me this blessing. Her name is Chimamanda (My God will not fail). Thanks to Globacom for this special gift”.
The second tricycle winner, Kevin Tochukwu, noted that the prize was a dream come true for him as he had prayed for a Keke. According to him, a dream which he had a week ago that he won a tricycle in the Glo promo propelled him to buy a new handset from Glo, “I believed that dream and proceeded to buy a handset from Glo to qualify for the promo. I told my family and friends that I would win and here I am today. I am a firm believer that one will achieve whatever one wants to achieve.”
Other lucky winners who received industrial sewing machines included Christopher Bobby, an Nnewi-based businessman; Emmanuel Joseph, a construction worker in Onitsha, and Trophy Ibeabuchi, a final year student of Computer Science at Chukwuemeka Odumegwu Ojukwu University.
In the same vein, Ukamaka Orji, a third year student of Integrated Science at Federal College of Education, Umunze, Anambra State, who received a grinding machine in the promo explained that the prize would serve as a source of sustenance for her as she continues her education in the university.
Business
CBN Revokes Licences Of Aso Savings, Union Homes As NDIC Begins Deposit Payments
The Central Bank of Nigeria (CBN) has revoked the operating licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc, citing persistent regulatory infractions and deepening financial distress in the two primary mortgage banks.
The revocation, which took effect on December 15, 2025, was carried out under Section 12 of the Banks and Other Financial Institutions Act (BOFIA) 2020 and Section 7.3 of the Revised Guidelines for Mortgage Banks in Nigeria, the CBN said in a statement issued on Tuesday.
According to the apex bank, the affected institutions failed to meet minimum paid-up share capital requirements, had insufficient assets to cover their liabilities, recorded capital adequacy ratios below prudential thresholds, and consistently breached regulatory directives.
“The CBN remains committed to its core mandate of ensuring financial system stability,” a statement, signed by the apex bank’s Acting Director, Corporate Communications, Mrs Hakama Sidi Ali said.
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Following the licence revocation, the Nigeria Deposit Insurance Corporation (NDIC) was appointed liquidator of the defunct banks in line with the law.
The Corporation said it has commenced the liquidation process and begun verification and payment of insured deposits to customers.
Under the deposit insurance framework, depositors are entitled to receive up to two million naira per depositor, with payments made through BVN-linked alternate bank accounts.
Depositors with balances above the insured limit will receive the initial two million naira while the remaining sums will be paid as liquidation dividends after the realisation of the banks’ assets and recovery of outstanding loans.
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The NDIC said depositors may submit claims either online or physically at designated branches of the closed banks, while creditors will be paid after all depositors have been fully settled, in accordance with statutory provisions.
The two mortgage banks have faced prolonged operational challenges, including depositor complaints, governance concerns, and delisting from the Nigerian Exchange (NGX) in 2024 for failure to submit audited financial statements for more than six years.
The CBN assured the public that the action was taken to strengthen the mortgage banking sub-sector and protect depositors, adding that banks whose licences have not been revoked remain safe and sound.
This means the two financial institutions can no longer operate as licensed financial institutions.
Business
9th FirstBank Digital Xperience Centre Launched In UNIBEN
First Bank Nigeria Plc on Tuesday launched its Digital Xperience Centre (DXC) at the University of Benin Branch, Benin City.
In his remarks at the launching, Chief Executive Officer, First Bank Plc, Olusegun Alebiosu, described the digital xperience centre as “an exceptional feat in our shared commitment toward innovation,” adding that
“this is our 9th Centre, and it operates round-the-clock.”
Alebiosu, while stating that the “FirstBank’s DXC is more than a banking facility,” added that “it is a step toward redefining how banking connects with education, technology, and the whole community.”
He said: “In partnership with the University, we’ve created a hub where students, faculty and community members can access FirstBank’s digital world.
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“Our DXCs are more than just banking hubs – they are gateways to a smarter, faster, and more personalised financial journey. Equipped with cutting-edge technology, customers have access to state-of-the-art self-service terminals designed to simplify transactions while ensuring top-tier security and efficiency.
“Whether you need to deposit cash, request for debit card, or update your account details, the DXC’s provides an elevated banking experience with speed and ease, designed to put you in control.
“Our DXCs operate round-the-clock, including weekends, providing the convenience you need to bank anytime in just a few minutes.
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“The DXC embodies our commitment to Environmental Social and Governance (ESG) principles as it promotes financial inclusion, fosters digital literacy, and uses sustainable technology to empower underserved communities.”
The CEO, while thanking the leadership of UNIBEN for “partnering with us to bring this vision to life, aligning academic excellence with cutting-edge technology,” urged the public to “embrace this DXC as a catalyst for learning, innovation, and development.”
In his remarks at the launching, the Vice-Chancellor, UNIBEN, Prof. Edoba Omoregie said: “We are very happy that First Bank is doing this in our institution,” describing UNIBEN as a “first generation university.”
Earlier, while playing host to the First Bank CEO and his team in his office, Prof. Edoba had sought support from the company in the revamp of the university Information Technology Centre (ICT).
Business
Full List: 82 Newly Approved, Fully Licensed BDC Operators
The Central Bank of Nigeria (CBN) has granted final operating licences to 82 Bureaux De Change (BDC) operators under its revised regulatory framework, reinforcing warnings against transactions with unlicensed foreign exchange dealers.
In a statement on Monday, the Acting Director of Corporate Communications, Hakama Sidi-Ali, confirmed that the licences took effect on November 27, 2025, in accordance with the 2024 Regulatory and Supervisory Guidelines for BDC Operations. The guidelines require all operators to meet specified capital thresholds and regulatory conditions to qualify for licensing.
“The Central Bank of Nigeria, in exercise of its powers under the Banks and Other Financial Institutions Act (BOFIA) 2020 and the 2024 Guidelines, has granted final licences to 82 Bureaux De Change to operate with effect from November 27, 2025,” the statement read.
The apex bank emphasised that only BDCs listed on its official website are considered fully licensed, urging the public to verify the status of any operator before engaging in foreign exchange transactions.
“While the CBN will continue to update the list of Bureaux De Change with valid operating licences for public verification on our website, the Bank advises the general public to avoid dealing with unlicensed Foreign Exchange Operators,” the statement warned.
READ ALSO:CBN Issues 82 New BDC Licences, Moves To Curb Unregistered FX Operators
The CBN noted that operating a BDC without a valid licence constitutes an offence under Section 57(1) of the BOFIA 2020, and confirmed that legal action would be taken against non-compliant operators.
TIER 1
1 DULA GLOBAL BDC LTD
2 TRURATE GLOBAL BDC LTD
TIER 2
1 ABBUFX BDC LTD
2 ACHA GLOBAL BDC LTD
3 ARCTANGENT SWIFT BDC LTD
4 ASCENDANT BDC LTD
5 BARACAI BDC LTD
6 BERGPOINT BDC LTD
7 BRAVO MODEL BDC LTD
8 BRIMESTONE BDC LTD
9 BROWNSTON BDC LTD
10 BUZZWALLET BDC LTD
11 CASHCODE BDC LTD
12 CHATTERED BDC LTD
13 CHRONICLES BDC LTD
14 COOL FOREX BDC LTD
15 CORPORATE EXCHANGE BDC LTD
16 COURTESY CURRENCY BDC LTD
17 DANYARO BDC LTD
18 DASHAD BDC LTD
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19 DEVAL BDC LTD
20 DFS BDC LTD
21 EASY CASH BDC LTD
22 ELELEM BDC LTD
23 E-LIOYDS BDC LTD
24 ELOGOZ BDC LTD
25 ENOUF BDC LTD
26 EVER JOJ GOLD BDC LTD
27 EXCEL RIJIYA FOREX BDC LTD
28 FABFOREX BDC LTD
29 FELLOM BDC LTD
30 FINE BDC LTD
31 FOMAT BDC LTD
32 GENELO BDC LTD
33 GENTLE BREEZE BDC LTD
34 GRACEFUL GLORY AND HUMILITY BDC LTD
35 GREENGATE BDC LTD
36 GREENVAULT BDC LTD
37 HAZON CAPITAL BDC LTD
38 HIGH-POINT BDC LTD
39 I & I EXCHANGE BDC LTD
40 IBN MARYAM BDC LTD
41 JOURNEY WELL BDC LTD
42 KEEPERS BDC LTD
43 KHADHOUSE SOLUTIONS BDC LTD
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44 KIMMELFX BDC LTD
45 KINGSOFT ATLANTIC BDC LTD
46 M.S. ALHERI BDC LTD
47 MASTERS BDC LTD
48 MCMENA BDC LTD
49 MKOO BDC LTD
50 MKS BDC LTD
51 MR J GOLF BDC LTD
52 MUSDIQ BDC LTD
53 MZ FOREX BDC LTD
54 NEJJ BDC LTD LTD
55 NETVALUE BDC LTD
56 NEW WAVE BDC LTD
57 NOTABLE AND KINGSTON BDC LTD
58 PILCROW BDC LTD
59 RAPID BDC LTD
60 RIGHTWAY BDC LTD
61 RWANDA BDC LTD
62 SABLES BDC LTD
63 SAFETRANZ BDC LTD
64 SAMFIK BDC LTD
65 SEVENLOCKS BDC LTD
66 SHAPEARL BDC LTD
67 SIMTEX BDC LTD
68 SOLID WHITE BDC LTD
69 ST. NICHOLAS GLOBAL BDC LTD
70 TOPFIRST UNIQUE MULTICHOICE BDC LTD
71 TOPGATE BDC LTD
72 TRAVELLER’S CHOICE BDC LTD
73 TUCA GLOBAL BDC LTD
74 TURBOVA BDC LTD
75 TURN-UP BDC LTD
76 UNIGO BDC LTD
77 VICTORY AHEAD BDC LTD
78 WHITEWAY WWW BDC LTD
79 YUND GLOBAL LINK BDC LTD
80 ZAMAD FOREX BDC LTD
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