Business

Otedola regains position as biggest shareholder in First Bank

The Chairman of FBN Holdings, Femi Otedola, has regained his position as the majority shareholder of First Bank, holding a…

2 years ago

First Bank confirms Olusegun Alebiosu’s appointment as MD

FBN Holdings Plc has confirmed the appointment of Olusegun Alebiosu as substantive Managing Director/Chief Executive Officer of First Bank of…

2 years ago

Investors lose N49bn at stock market

The stock market, resuming from the Sallah break on Wednesday, June 19, 2024, closed on a negative note with indices…

2 years ago

UK’s inflation rate drops to 2%

The United Kingdom (UK) inflation dropped to its 2% target for the first time in nearly three years in May…

2 years ago

Nigeria’s inflation rate hits 33.95%

The National Bureau of Statistics (NBS) says Nigeria’s headline inflation rate increased to 33.95 per cent in May 2024. The…

2 years ago

Afreximbank, First Bank sign $200m agreement to finance clients’ needs

Afreximbank and First Bank of Nigeria (FBN) have signed a $200 million facility agreement for financing the needs of the…

2 years ago

Nigeria borrows $2.25bn from World Bank

The World Bank has approved two financial support packages valued at $2.25 billion for Nigeria. The Minister of Finance and…

2 years ago

Investors gain N114bn at stock market

The Nigerian equity market capitalisation on Thursday, June 13, 2024, rebounded by 0.20 per cent as investors’ appetite for Tier-one…

2 years ago

Naira trades N1,476/$ at official market

The naira, on Thursday, June 13, 2024, slightly depreciated at the official market trading at N1,476.24 to the dollar. Data…

2 years ago

Tinubu appoints Tanimu Yakubu as DG Budget Office

President Bola Tinubu has appointed Mr. Tanimu Yakubu as the Director-General of the Budget Office of the Federation. Yakubu's appointment…

2 years ago

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