Business

Glo Presents Prizes To Ofala Promo Winners

Published

3 years ago

October 24, 2022

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.

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.

Globacom also presented other prizes such as industrial sewing machines and grinding machines to other winners in the promotion.

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.

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

NNPCL Raises Fuel Price

Published

5 days ago

October 13, 2025

Editor

The Nigerian National Petroleum Company Limited (NNPCL) has increased the pump price of petrol from ₦865 to ₦992 per litre, marking a fresh hike that has sparked widespread concern among motorists and consumers .

As of the time of filing this report, the company has not released any official statement explaining the reason for the sudden adjustment.

During visits to several NNPC retail outlets, The Nation observed fuel attendants recalibrating their pumps to reflect the new price.

At NNPC filling station on Ogunusi road, Ojodu Berger, petrol attendants at the station said they were instructed to change the price to reflect the new rate N992 per litre.

However, checks at Ibafo along the Lagos /Ibadan expressway showed that NNPC outlets still displayed the old price of N875 per litre, although they were not selling to commuters.

Most of the NNPC stations were not dispensing fuel.

Business

CBN Directs Banks To Refund Failed ATM Transactions Within 48hrs

Published

1 week ago

October 11, 2025

Editor

The Central Bank of Nigeria has directed Deposit Money Banks and other financial institutions to refund customers for failed Automated Teller Machine transactions within 48 hours, in a sweeping reform aimed at protecting consumers and restoring confidence in the banking system.

The directive is contained in a draft guideline released by the apex bank on Saturday, titled “Exposure of the Draft Guidelines on the Operations of Automated Teller Machines in Nigeria.”

The document, signed by Musa I. Jimoh, Director of Payments System Policy Department, was circulated to banks, payment service providers, card schemes, and independent ATM deployers, with a call for stakeholder feedback by October 31, 2025.

Under the draft, failed “on-us” transactions, where customers use their own bank’s ATM, must be reversed instantly. If technical glitches prevent immediate reversal, the bank is required to manually refund the customer within 24 hours.

For “not-on-us” transactions, involving other banks’ ATMs, refunds must be processed within 48 hours.

“Customers must not be made to suffer for failed transactions caused by system errors or network failures,” the circular stressed.

In a significant shift, the CBN mandated banks and ATM acquirers to deploy technology that automatically reverses failed or partial transactions, removing the need for customers to lodge complaints.

Institutions holding customer funds due to failed disbursements must reconcile and return balances immediately.

According to the apex bank, these measures respond to widespread frustration over delayed refunds and poor customer service and form part of a broader effort to enhance consumer protection, improve reliability, and modernise Nigeria’s payment infrastructure in line with global standards.

The guidelines will also overhaul ATM operations nationwide. Banks and card issuers are now required to deploy at least one ATM for every 5,000 active cards, with phased targets of 30% compliance in 2026, 60% in 2027, and full compliance by 2028. Any future deployment, relocation, or decommissioning of ATMs must receive prior approval from the CBN.

To ensure safety, ATMs must be fitted with anti-skimming devices, CCTV cameras, and placed in enclosed or well-lit areas.

Machines are expected to comply with Payment Card Industry Data Security Standards, maintain audit logs, and display functional helpdesk contacts. At least 2% of all ATMs must feature tactile symbols for visually impaired customers.

ATMs are also required to dispense cash before returning cards, allow free PIN changes, issue receipts for all transactions except balance inquiries, display clear transaction fees, dispense only clean banknotes, and provide backup power to reduce downtime.

Downtime must not exceed 72 consecutive hours, after which operators must inform the public of the cause and expected restoration time.

The CBN will enforce compliance through regular audits, on-site inspections, and monthly reports from ATM operators detailing deployments and locations. Defaulting institutions risk sanctions, though fines were not specified.

The apex bank explained that the overhaul was necessary due to rising complaints about failed transactions, cyber fraud, and declining service quality, noting that “the goal is to build a payments system that works seamlessly for everyone, urban and rural users alike.”

Nigeria’s electronic payments landscape has grown rapidly in recent years, with 200 million cardholders and rising reliance on digital banking, but network failures, poor infrastructure, and delayed reversals have continued to undermine confidence.

The fresh guidelines, coming eight months after a revision of ATM fees, are expected to streamline service delivery, enhance transaction security, and hold banks accountable. Stakeholders are invited to submit feedback ahead of the final policy adoption, which could take effect before the end of the year.

Business

Nigerian Stock Market Hits 10th Consecutive Uptrend As investors Gain N308bn

Published

1 week ago

October 10, 2025

Editor

The Nigerian Stock Market recorded its 10th consecutive uptrend as investors raked in N308 billion gain on Thursday.

This comes as the Nigerian Exchange Limited, NGX, market capitalisation, which opened at N92.490 trillion, appreciated by 0.33 per cent to close at N92.798 trillion on Thursday.

Also, the All-Share Index added 0.33 per cent, or 485.25 points, to close at 146,204.34, compared with 145,719.09 recorded on Wednesday.

Increased trading in Eunisell Interlinked, Caverton Offshore Support Group, Sunu Assurances, Industrial and Medical Gases, Mecure, and 27 other advancing stocks boosted market performance on Thursday.

To this end, the market breadth also closed positive with 32 gainers and 21 losers.

Further analysis showed that Eunisell Interlinked and Caverton Offshore Support Group led the gainers’ chart by 10 per cent each, closing at N44 and N6.93 per share, respectively, while FTN Cocoa Processors led the losers’ table by 6.67 per cent, closing at N5.60 per share.

Market activity showed a decline in the number of deals and volume traded but an improvement in trade value.

Accordingly, a total of 346.99 million shares worth N27.43 billion were traded in 24,691 deals, compared with 525.72 million shares worth N13.61 billion exchanged in 25,597 deals on Wednesday.

Fidelity Bank topped the activity chart with 42.01 million shares valued at N861.54 million.

According to DAILY POST, NGX has continued its bullish run from last month’s end to date.