FBN Holdings Plc
10 Jan
FBN Holdings Plc, yesterday, responded to calls by some shareholders for an extraordinary general meeting (EGM) and removal of Femi Otedola as Chairman, saying the issue does not, in any way, affect the operations of the company or its subsidiaries.
7 Nov
FBN Holdings Plc has announced that 9.85 per cent of the capital raised, approximately N14.73 billion, would be channelled toward upgrading
23 Sep
The positive reaction to the latest inflation data, which moderated for the second consecutive month to 32.15 per cent in August 2024, has triggered renewed bargain hunting in many blue-chip stocks, causing the All-share index and market capitalisation to appreciate
12 Aug
For the first time in several months, the banking index led the gainers' chart on the Nigerian Exchange Limited (NGX) with 5.1 per cent, following 14.7 per cent, 9.8 per cent and 7.9 per cent price appreciation recorded by United Bank for Africa PLC (UBA) Plc, FBN Holdings Plc and Zenith Bank Plc last week.…
2 Aug
•Four operators spend over $500m to purchase aircraft Chairman of FBN Holdings Plc, Femi Otedola, has revealed that Nigerian banks spend an estimated $50 million yearly to maintain private jets. He said that over $500 million has so far been spent on purchasing nine private jets by four banks. Otedola, who made the revelations in…
19 Feb 2024
Three bank stocks – United Bank for Africa Plc (UBA), FBN Holdings Plc and Guaranty Trust Holding Company Plc – (measured by volume) dominated activities in the equities sector of Nigerian Exchange Limited ...
1 Feb 2024
The struggle to control assets of Nigeria’s oldest bank, FBN Holdings Plc, seems to be over as the bank yesterday, name billionaire businessman and chairman of Geregu Power Plant, Femi Otedola new Chairman of the Board of Directors.
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15 mins ago
The Lagos State government has warned residents of government-owned estates against unwholesome practices and disregard for the rules
19 mins ago
The Ogun State Police Command has arrested Damilola Otegba, a security guard at the University of Agriculture, Abeokuta, age 44 for engaging in unlawful sexual activities with a six-year –year old girl. He was said to have left his duty post and engaged in unlawful activity with the child inside the university building. CSP Omolola…
25 mins ago
The Peoples Democratic Party (PDP), Ondo State chapter, has withdrawn from participating in the forthcoming local
35 mins ago
Lawmakers have demanded increased support for the National Emergency Management Agency (NEMA) to manage disasters effectively across Nigeria. NEMA made this known on Thursday in a statement shared on its official X account after the Director General, Zubaida Umar, appeared before the Joint Committee of the Senate and the House of Representatives to defend the…
42 mins ago
A Nigerian delicacy, known as akara has gained popularity in Brazil, where it is now celebrated annually at the Acarajé Festival. This dish, a bean-based deep-fried snack, was introduced to Brazil by enslaved West Africans, predominantly of Yoruba heritage, who were taken to South America centuries ago. In Nigeria, Akara is a common meal, often…
48 mins ago
Zamfara State Governor, Dauda Lawal, has announced the approval of the recruitment of 2,000 teachers across the state as part of his administration’s commitment to improving education. Governor Lawal made the announcement during an Executive Council meeting at the Government House Council Chamber in Gusau. Lawal said the recruitment of teachers is part of his…
1 hour ago
The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has revoked the allocation of 568 plots of land in Abuja's Maitama II, Cadastral Zone A10, due to non-payment of Certificates of Occupancy (C-of-O) fees. The minister explained in a public notice issued by the FCT Administration that the allottees failed to pay the required…
1 hour ago
The Defence Headquarters has attributed the recent resurgence of terrorist attacks in the Northeast and Northwest to the alleged influx of foreign fighters providing reinforcement to local terror groups. The Director of Defence Media Operations, Major General Edward Buba, made this disclosure while briefing newsmen on the operations of the armed forces on Thursday in…
1 hour ago
The Federal Government on Thursday acknowledged that its initial target to eradicate open defecation in Nigeria by 2025 is no longer feasible. The Ministry of Water Resources and Sanitation revealed that a new deadline has been set for 2030. At a two-day workshop in Nasarawa State, organised by the Federal Ministry of Water Resources and…
1 hour ago
A Chief Magistrates’ Court in Ikorodu, Lagos, on Thursday remanded a 44-year-old man, Stephen Samson, in a correctional centre for allegedly defiling a four-year-old girl. Samson, whose address was not provided, was charged with defilement. READ ALSO:Three US-based Nigerians jailed for defrauding elderly Americans The Chief Magistrate, Mr. B.A. Sonuga, did not, however, take the…