Business

FBN Holdings PLC (“FBNHoldings), Nigeria’s leading financial holdings company, has announced the appointments of Mr. Seni Adetu and Mrs. Juliet Anammah as Independent Non-Executive directors, while Mr. Otu Hughes has been appointed as a Non-Executive director. These appointments are subject to the approval of the Central Bank of Nigeria (“CBN”). Speaking …

The naira remains stable at the official and parallel markets, with the foreign exchange (forex) reserves standing at $36.4 billion, data from the Central Bank of Nigeria (CBN) website has shown. The naira’s stability at the same exchange rate for the past four days ignites hope that previous volatility in …

An Ondo State High Court has ordered Nigerian Breweries PLC to pay N169.175million to the Ondo State Government as haulage fees being owed by the firm. Delivering judgment, Justice William Akintoroye dismissed the suit filed by the Nigerian Breweries PLC as lacking in merit. The company had in suit number …

A Federal High Court, Abuja has given the Economic and Financial Crimes Commission, EFCC, the nod to arrest Mr. Richard Laing, Managing Director, ExxonMobil Nigeria. Justice Okon Abang on Friday January 29, 2021 granted the Commission’s application for a Bench Warrant to arrest the managing director of the international oil …

Ecobank Group has recorded a revenue of over N630 billion for the year ended December 31, 2020. This represents a 7% growth when compared to N586.9 posted in the corresponding period of 2019. In its unaudited report submitted to the Nigeria Stock Exchange (NSE) on Friday, the pan-African bank stated …

In furtherance of its commitment to empower, enhance and promote healthy living amongst Nigerian women and young girls, Keystone Bank Limited, through its ‘Pink Network’ initiative, in partnership with Giveback Nigeria and Hayat Holdings (Molped pads), has donated menstrual period kits to over 2000 marginalised girls in secondary schools in …

Fidelity Bank Plc, top Nigerian lender has reaffirmed its commitment to enhancing the productivity and prosperity of Micro Small and Medium Enterprises (MSMEs) in the country by providing capacity building and advisory services, innovative funding options and other forms of relevant support that would significantly improve their overall contributions to …

The Managing Director/CEO of Abbey Mortgage Bank has given an overview of the mortgage bank industry in Nigeria, what inspired the establishment of Abbey Mortgage Bank, and the challenges encountered on the way. Speaking during the Nairametrics’ Business Half Hour, Madu Haman gave a brief background of his journey into …

With the rising cases of transmission, high records of deaths, extremely stretched health care systems, the second wave of covid-19 looks like playing 2020 over again across global borders. Possibly more than what obtained in the first wave, some western countries have been made to enforce stricter measures against the …

First Bank of Nigeria Limited is supporting schools with an array of educational based products and solutions targeted at enabling the acquisition of various facilities to boost the continuous expansion and improvement of the educational sector. Parents are not left out, as the Bank has bespoke products which empowers parents …