Business

Nigerian Breweries acquires Distell

Nigerian Breweries Plc has completed the acquisition of a majority stake (80 per cent) in Distell Wines and Spirits Nigeria…

2 years ago

First Bank wins Best SME Bank at Asian Banker Awards

First Bank has won two awards by emerging as Best SME Bank in Nigeria and Africa at the 2024 Asian…

2 years ago

NDIC begins liquidation of Heritage Bank

The Nigeria Deposit Insurance Corporation (NDIC) says it has started the liquidation process of Heritage Bank with immediate verification and…

2 years ago

Investors lose N103bn at stock market

The equity market halted last session’s winning streak as investors lost N103 billion on Monday, June 3, 2024, following sell-offs…

2 years ago

CBN revokes Heritage Bank licence, says lender fails recovery process

The Central Bank of Nigeria (CBN) has revoked the licence of Heritage Bank Plc with immediate effect. The revocation, according…

2 years ago

FBN Holdings records N238.53bn profit in Q1 2024

FBN Holdings Plc, the owner of First Bank, has declared N238.53 billion profit before tax in its unaudited first quarter…

2 years ago

Oando’s revenue hits N3.4trn

Oando Plc has posted a revenue of N3.4 trillion in its 2023 full-year-end unaudited financials. The figure represents an increase…

2 years ago

Geregu Power partners Siemens to raise power plant to 500MW

Geregu Power Plc has signed a Memorandum of Understanding (MoU) with Siemens Energy to expand the capacity of its power…

2 years ago

Banks, insurance stocks boost equity market with N14bn

The equity market closed on a positive note on Friday, May 31, 2024, increasing the market capitalisation by 0.02 per…

2 years ago

Zenith Bank launches state-of-the-art digital screen in Lagos

Zenith Bank Plc has launched a state-of-the-art digital/LED screen at Ajose Adeogun Roundabout, Lagos, solidifying its commitment to innovation and…

2 years ago

This website uses cookies.