Day: April 11, 2025

Siemens top executive, wife and three children die in helicopter crash

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A couple who are senior corporate executives at Siemens have died along with their three children in an helicopter crash. Report says the corporate titans, Agustín Escobar and his wife, Mercè Camprubí Montal died with their three children, whose ages were four, five and 11. The pilot of the helicopter also died in the accident. The passengers died in a helicopter crash at Hudson River in New York while sightseeing. Siemens has sent its condolences, saying: “We are deeply saddened by the tragic helicopter crash in which Agustín Escobar and…

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Overbilling: 8 DisCos fined N628m

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Eight power distribution companies (DisCos), have been sanctioned by the Nigerian Electricity Regulatory Commission (NERC) for noncompliance with the capping of estimated bills for unmetered customers. In a statement yesterday, NERC indicated that the affected DisCos are Abuja, Eko, Enugu, Ikeja, Jos, Kaduna, Kano, and Yola. NERC said the companies overbilled customers in violation of energy caps set by the regulator for the third quarter of 2024 (July to September). The commission said the sanctions were issued pursuant to Section 34(1)(d) of the Electricity Act of 2023. NERC stated: “The…

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Sterling Bank Takes Sides with Nigerians …Eliminates bank transfer fees

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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 marks a turning point in the industry and reflects the bank’s deep-rooted commitment to building a future where banking is affordable, accessible, and in tune with the everyday needs of Nigerians. “This is not a gimmick. This is the…

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