FBN Holdings
17 Jan
In light of recent news reports, Dr. Oba Otudeko categorically refutes the
claims concerning his role in FBN Holdings
9 Jan
The Securities and Exchange Commission (SEC) has expressed its readiness to improve the regulatory framework as regards borrowing by governments and corporate entities.
4 Dec
The Nigerian equities market, yesterday, reversed previous gains, as market capitalisation shed N19 billion, amid price depreciation in Aradel Holdings Plc and 28 stocks.
12 Nov
The Nigerian equities market reopened trading for the week on a positive note, yesterday, as market capitalisation gained N84 billion, occasioned by renewed bargain-hunting in Aradel Holdings Plc and 23 other stocks.
8 Nov
The top five banks in Nigeria have posted combined gross earnings of N12.7 trillion in nine months.The top five banks – FBN Holdings,
6 Nov
FBN Holdings Plc’s N150 billion rights issue has gone live on the Nigerian Exchange Group's (NGX) digital platform, NGX Invest. This rights issue, offered on a one-for-six basis to existing shareholders, is accessible through NGX Invest, providing a seamless digital channel for eligible investors to participate. At the “Facts Behind the Rights Issue” event held…
29 Oct
FBN Holdings PlxC has held the signing ceremony to commence the right issue offering of 5,982,548,799 ordinary shares
28 Oct
FBNHoldings Plc has opened its Rights Issue, offering 5.983 billion ordinary shares at 50 kobo each, priced at N25 per share, totaling N150 billion to existing shareholders. This offering is based on one new ordinary share for every six ordinary shares held as of Oct. 18. The Chairman of FBN Holdings, Mr. Femi Otedola, made…
14 Oct
The consumer index led the loser's chart at the end of last week's transactions on the equities sector of the Nigerian Exchange Limited (NGX) with 1.25 per cent, buoyed by depreciation in Guinness, International Breweries and Honeywell Flourmills.
12 Oct
To end the week, the stock market rebounded from previous losses, gaining N74 billion. Investor interest in MTN Nigeria, FBN Holdings, Guaranty Trust Holding Company (GTCO), and other equities lifted the market. Notably, the market capitalisation opened at N56.014 trillion, adding N74 billion or 0.13 per cent to close at N56.088 trillion. The All-Share Index…
31 Aug
Equity investors gained a total of N349 billion week-on-week, as the Nigerian Exchange Ltd.(NGX) market capitalization appreciated by 0.63 per cent to close the week. Specifically, the All-Share Index closed at 96,579.54 points, having opened at 95,973.45 points, while the market capitalization, which opened at N55.129 trillion, closed at N55.478 trillion. The positive performance was…
17 Aug
Justice Akintayo Aluko of a Federal High Court, Lagos, has restrained First Bank of Nigeria (FBN) Holdings Plc from conducting or hosting its 12th Annual General Meeting, scheduled for August 22, 2024, whether virtually or otherwise, pending the determination of a motion for interlocutory injunction filed by an aggrieved shareholder, Tohir Folorunsho Ismaila. The judge's…
Latest
1 day ago
The second edition of the youth gathering, "Be The Force," aimed at empowering young people with essential guidance for their life journeys, successfully concluded with a focus on mentorship, relationships, networking, and community service as vital components for success. The event featured remarks from several prominent speakers, including the Emir of Zazzau, HRM Alhaji Yakubu,…
1 day ago
The former Resident Electoral Commissioner (REC) in Adamawa State, Hudu Ari, has insisted that he has enough evidence the candidate of the All Progressives Congress (APC), Senator Aisha Binani defeated Ahmadu Fintiri of the Peoples Democratic Party (PDP). Hudu, who spoke on Saturday in Bauchi with select journalists, said that both Chairman of the Independent…
1 day ago
Movement for the Survival of Ogoni People (MOSOP) has expressed displeasure over the way the National Security Adviser (NSA), Nuhu Ribadu, and accused his men of setting up a mechanism aimed at resuming oil exploration in Ogoniland despite mass protest on Saturday. MOSOP President, Fegalo Nsuke, in a statement, said massive protests have disrupted its…
1 day ago
The people of Ogoni in Rivers State have kicked against violence, expressing support for the ongoing dialogue approach by the Federal Government towards the resumption of oil exploration in the area. Ogoni oil sites were blocked since 1995 following the extra-judicial murder of Ken Saro-Wiwa and eight other Ogonis. The Ogonis, in a resolution issued…
1 day ago
The national leader of the New Nigeria Peoples Party (NNPP), Senator Rabiu Musa Kwankwaso, on Saturday, held a closed-door meeting with the former Minister of Interior, Mr Rauf Aregbesola, in Lagos State, The Guardian authoritatively gathered. Though details of the meeting were still sketchy as of the time of writing this report, a source, who…
1 day ago
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has distanced himself from the arrest of popular TikToker, Olumide Ogunsanwo, aka ‘SeaKing.’ He has also called for his immediate release. Ogunsanwo was recently rearrested over allegations of cyberbullying the revered cleric. His detention has sparked reactions, with many questioning the circumstances…
1 day ago
The former Governor of Katsina State, Aminu Masari, has said that Nigeria cannot achieve meaningful economic progress if it remained heavily dependent on imports. Masari was speaking at the media launch of the Nigeria Talents Exploration Challenge (NTEC) in Abuja on Saturday. The News Agency of Nigeria (NAN) reports that the event, in collaboration with…
1 day ago
The Ogun Commissioner of Police (CP), Lanre Ogunlowo, has reminded motorists of the virtue of patience and complying with traffic regulations to save travel time. The CP disclosed this in a statement signed by the spokesperson of the Ogun Police Command, CSP Omolola Odutola, in Abeokuta on Saturday. Odutola said the CP had gone on…
1 day ago
German Foreign Minister Annalena Baerbock condemned Hamas on Saturday for "forcing" the three latest Israeli hostages freed by the Palestinian militant group to speak before large crowds of its supporters. Though welcoming their release, Baerbock said it was "intolerable that Hamas has again shown the three men in public... and forced them to give 'interviews',"…
1 day ago
India's Hindu-nationalist ruling party of Prime Minister Narendra Modi celebrated a landslide victory Saturday in key elections in the capital province Delhi, with the former chief minister suffering a crushing defeat. "Development has won, good governance has won," Modi said after the city's ex-leader -- a key opposition figurehead to the premier -- was confirmed…