FBN Holdings
25 Apr 2024
A Federal High Court, Lagos has adjourned sine die (indefinitely) the suit filed against First Bank Holdings by the bank's shareholder, Olusegun Samuel Onagoruwa, seeking to stop the yearly General Meeting of the bank.
22 Feb 2024
As the harsh operating environment persists, five tier-one banks’ impairment charges hit N580 billion in the first three quarters of last year. The amount is a significant increase from the N122 billion they posted in the previous year.
15 Jan 2024
Femi Otedola, the ever-dynamic Nigerian investor, has electrified the Forbes Nigeria ranks, powering up to the coveted fourth position with a $1.2 billion valuation. This meteoric rise owes much to his strategic play in the energy sector, specifically his controlling stake in Geregu Power Plc. Otedola's Geregu gambit proved masterful. Holding over 70% of the…
Latest
5 mins ago
Ghanaian actor-turned-politician, John Dumelo, has shared the sad news of his father's passing. John Anato-Dumelo Snr. died at the age of 75. Dumelo posted the announcement on X (formerly Twitter) on Saturday, reflecting on their final moments together. He expressed deep gratitude for his father’s guidance and unwavering support throughout his life. The actor recalled…
19 mins ago
Amidst Nigeria’s economic struggles, Calabar’s streets come alive with nearly two million revellers in stunning attire, celebrating one of West Africa’s biggest street carnivals. Revellers dressed in glitzy, colourful costumes danced down the streets of Calabar, southern Nigeria, last weekend as giant speakers blasted Afrobeats for one of West Africa’s most prestigious carnivals. Every December,…
29 mins ago
Former Greek prime minister Costas Simitis died Sunday at the age of 88, state-run Ertnews reported. Simitis had not been facing a particular health problem. A former prime minister and one of the founding members of the socialist party Panhellenic Socialist Movement (PASOK), Simitis left his mark on the political life of the country. He…
35 mins ago
Japanese authorities began culling some 50,000 chickens Sunday after a bird flu outbreak at a farm in the northern Iwate region. It is the 19th bird flu outbreak of the season in Japan, the agriculture ministry said. The latest farm reported increasing deaths of fowl, and test results confirmed Sunday that bird flu was the…
39 mins ago
Leaders from the Southeast have appealed to President Bola Tinubu to order the dismantling of roadblocks and checkpoints in the region, arguing that these measures are exacerbating logistics costs and contributing to inflation. The request was made during a town hall meeting in Enugu, as part of President Tinubu’s official visit to the state, where…
40 mins ago
Telecommunications firm 9mobile has projected that it will require about $3 billion in the next four years to reposition its operations in Nigeria. The management of the firm, in an online interaction with the media on Saturday, said there have not been any major investments into the firm in the last eight years. Leading the…
43 mins ago
The Lagos State Police Command has confirmed that Ayomide Adeleye, who confessed to the murder of his friend and neighbour, Christianah Idowu, has been charged with murder and remains in custody. The command’s Police Public Relations Officer (PPRO), SP Benjamin Hundeyin, issued the clarification in response to reports alleging that Adeleye was not in custody…
1 hour ago
The Chief of Defence Staff (CDS), General Christopher Musa, has ordered troops of the Armed Forces of Nigeria (AFN) to go all out and crush the hideouts of criminals and bandits in Kaduna and Plateau states. CDS Musa gave the order to the newly established two National Mission Brigades in Samaru Kataf, Kaduna State, and…
1 hour ago
President of the Academic Staff Union of Universities (ASUU), Professor Emmanuel Osodeke, has clarified why the union has refrained from declaring a nationwide strike despite unresolved issues with the Federal Government. The Guardian reports that in 2024, various ASUU chapters—including ASUU in Bayelsa State-owned Niger Delta University, Lagos State University (LASU), Bauchi’s Sa’adu Zungur University…
1 hour ago
A non-governmental organisation, Women Advocacy, Research and Documentation Center (WARDC), has revealed that no fewer than 1,000 cases of Sexual and Gender-Based Violence (SGBV), ranging from physical to emotional abuse, were recorded in Niger State between 2023 and 2024. Niger State Coordinator of the organisation, Mrs. Hassana Joan Kpeto, made this disclosure at a press…