Banking

FBN debt: Flour Mills acquires Otudeko’s shares in Honeywell for N80bn

Flour Mills of Nigeria Plc (FMN) has acquired the 71.69 per cent stake of billionaire Oba Otudeko in the Honeywell…

3 years ago

Kogi govt denies ownership of N19.3bn bailout fund returned to CBN

The Kogi State Government has denied ownership of the N19.3 billion allegedly returned to the Central Bank of Nigeria (CBN)…

3 years ago

FBN shares: Pension fund equity doesn’t belong to you, PenCom tells Odukale

The controversy over who is the largest shareholder in the First Bank of Nigeria Holding Plc continues on Saturday as…

3 years ago

CBN confirms return of N19.3bn Kogi bailout funds kept in Sterling Bank

The Central Bank of Nigeria (CBN) has acknowledged the receipt of the sum of N19,333,333,333.36 recovered by the Economic and…

3 years ago

Nigeria’s economy contracts, grows by 4.03% in Q3, 2021 – NBS

The Nigerian Bureau of Statistics (NBS) has declared that the nation’s economy contracted in the Third Quarter of 2021. The…

3 years ago

Afreximbank, NNPC sign $1.04bn facility for oil exploration

The African Export-Import Bank (Afreximbank) has signed a $1.04 billion facility with the Nigerian National Petroleum Corporation (NNPC) to finance…

3 years ago

Zenith Bank’ll keep promoting investment in Nigeria – CEO

Zenith Bank, as a socially responsible organisation, would continue to play its part in promoting investment in Nigeria, its Group…

3 years ago

Fidelity Bank rakes in N28.10bn profit in 9 months

Fidelity Bank Plc has posted a profit before tax (PBT) of N28.10 billion for the nine months ended September 30.…

3 years ago

CBN grants Airtel Africa approval for super agent

The Central Bank of Nigeria (CBN) has granted Airtel Mobile Commerce Nigeria Ltd., a subsidiary of Airtel Africa, approval in…

3 years ago

Nigeria, most attractive investment destination in Africa – BOI, FirstBank CEOs

With population in excess of 200 million and access to market across the continent, Nigeria is the most attractive destination…

3 years ago

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