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David Beckham Gets £150million Deal To Be Face of Qatar 2022 World Cup
Former Manchester United and Real Madrid star, David Beckham has been unveiled as the face of the Qatar World Cup next month in a deal worth £150million. Reports…
Oil surges near $87 on tight supply
Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world…
AMCON Refuses to Pay N10.5bn Unsecured Arik Debts to Aviation Agencies
The Asset Management Corporation of Nigeria (AMCON) has refused to pay to the aviation agencies N9.6 billion and $2.3 million (totalling N10.5 billion), being five per cent ticket and…
First Bank: Battle for Controlling Interest Set to Intensify at Stock Market
*Otudeko negotiating with Flour Mills to sell Honeywell Flour to partly pay off his debt to FBN Holdings *UK Ekeh preparing to step down next month As the battle for controlling…
10 Things To Know About The Mathematician Battling Otedola For Control Of FirstBank
The financial sector in Nigeria has been abuzz over the scramble for the control of FirstBank. Popular oil mogul, Mr. Femi Otedola, and the Chairman of Leadway…
Odukale Vs Otedola: Inside Details Of The Battle For FBN Holdings
There is a struggle for the control of Nigeria’s premier banking institution, FBN Holdings Plc. The fight is between the current chairman of the Bank, Mr. Tunde Hassan-Odukale, who is…
Otedola, Adenuga, Hassan-Odukales, Otudeko in Battle to Control First Bank
By his acquisition of 1,818,551,625 units of shares of First Bank Holdings Plc (FBNH), amounting to a 5.07 per cent of its total issued capital, the founder and Chairman of the…
34 Oil Firms Disburse $896.891m as Social Expenditure in 12 Months
Thirty four foreign and indigenous oil companies disbursed $896.891 million as social expenditure in the 12 months culminating in December 2019, the latest audit report by the Nigeria…
Intrigues as control for First Bank heightens
The struggle to control of assets of Nigeria’s oldest bank, FirstBank Nigeria Limited at the weekend, heightened going by the twist of events and claims of new ownership…
FBN Holdings makes U-turn, acknowledges Otedola’s shares
FBN Holdings Plc, the holding company of First Bank of Nigeria, says it has received notification that Femi Otedola, billionaire businessman, has acquired 5% stake in the company. In…
Siende Signature to Hold Fragrance Craft Workshop, Partners International Fragrance Brands
In commemoration of its first year anniversary, Seinde Signature, a fragrance experience and retail brand based in Nigeria, has announced partnerships with 17 international fragrance…
‘Nigerian Elite steal $3.6billion crude oil yearly’
• NNPC craves collective Move Against Thieves • Crude Oil Heads To $200 Per Barrel A few Nigerians, described as elite, may be stealing yearly about 42.25 million barrels of the…
Freight forwarders threaten to close shop over shipping lines’ excessive charges
Freight forwarders under the aegis of the National Association of Government Approved Freight Forwarders (NAGAFF) have given all shipping companies operating in Nigeria two weeks to put an end to…
FBN Holdings speaks on Otedola’s acquisition of majority stake
FBN Holdings Plc has denied the purported acquisition of a majority stake in the company by Femi Otedola. The News Agency of Nigeria reports that the company spoke in a statement…
FBN Holdings May Rake Over N200bn In Airtel Africa’s Buyback Of Nigerian Subsidiary
FBN Holdings Plc, a major beneficiary of Airtel Africa’s buy-back of the unquoted shares of Airtel Nigeria, could rake in as much as over N200billion from the deal, InsideBusinessNG can…
Nigeria’s foreign reserve surpasses $40 billion, hits highest level in 23 months
Nigeria’s foreign reserve crossed the $40 billion mark on 18th October 2021, after gaining $566.45 million on Monday to close at $40.39 billion. This is according to data…
Dangote Cement Rakes N192b Profit At H1 On Strong Q2
Dangote Cement Plc built an after-tax profit of N191.6 billion at the end of its half-year trading in June 2021. This represents a year-on-year increase of 52 per cent,…
Reps panel threatens to order CBN to take over Heritage Bank over debt
A house of representatives committee has threatened to ask the Central Bank of Nigeria (CBN) to take over the operations of Heritage Bank over alleged debt to the federal government.…
Elon Musk set to become first trillionaire in the world
Elon Musk, the world’s most renowned entrepreneur and the CEO of two of the world's largest companies, SpaceX and Tesla, is set to become the world's first trillionaire.…
Femi Otedola takes over First Bank as largest shareholder with N30bn
From having a humongous loan portfolio of N192 billion in 2012 via his then Zenon Petroleum and Gas Ltd which was eventually passed on to the Asset Management Company of…
#FCMBFlexxtern Season Five Opens, Winners get Employment Opportunities
First City Monument Bank (FCMB) has commenced the fifth edition of its #FCMBFlexxtern contest! The online contest (www.fcmb.com/Flexxtern) is designed for youths between 18 and 30 years.…
NARTO worried over debts as FG scraps PEF, PPPRA
The Nigerian Association of Road Transport Owners (NARTO) has raised concerns over the fate of its liabilities with the scrapped Petroleum Equalization Fund (PEF) and the Petroleum…
Private jet operations boom on elections, insecurity
More charter and private jet companies are springing up in Nigeria over rising insecurity and election campaigns, BusinessDay’s findings show. With the general elections holding in…
Nigeria sinking as petrol subsidy mounts
Nigeria’s controversial fuel subsidy, projected to hit N3 trillion by the end of 2021, is sinking the country and fuelling confusion among economists and business leaders who are at a…