Femi Otedola, chairman of Forte Oil Plc, says he agreed to sell his 75% stake in Forte Oil because he would like to maximise the opportunities in refining.
In a statement released on Monday, the company said the transaction will be completed in the first quarter of 2019.
“Forte Oil Plc...
FMDQ OTC Securities Exchange has listed Union Bank of Nigeria Plc’s N7.19 billion Series 1 and N6.31 billion Series 2 Senior Unsecured Fixed Rate Bonds under its N100.00 billion Debt Issuance Programme on its platform.
Ms. Kaodi Ugoji, Associate Executive Director, Corporate Development, FMDQ, speaking at the listing ceremony in...
The Nigerian Stock Exchange, NSE performed positively at the close of trade on Monday as the All Share Index (ASI) rose 3.9 percent to close at 31,967.01 points. Nigerian Stock Exchange NSE Consequently, the Year to Date, YTD return moderated to -16.4 percent and market capitalization increased by N435.9billion...
In fulfilment of its desire to champion sustainable capital market practices in Africa, The Nigerian Stock Exchange (The NSE or The Exchange) is pleased to announce that its Sustainability Disclosure Guidelines (the ‘Guidelines’) has been approved by The Securities Exchange Commission (SEC). The Nigerian Stock Exchange recognizes that the...
We are pleased to inform our stakeholders that Mrs Modupe Oguntade, the Chief Financial Officer
of Berger Paints Nigeria Plc. (BPN), has been appointed as Acting Managing Director/Chief
Executive Officer of BPN, effective January 7, 2018.
In line with our succession policy, she is replacing Mr. Peter Folikwe, who will be exiting...
Culled—Proshare
By First Bank Plc
First Bank of Nigeria Limited has announced the closure of its representative office in Abu Dhabi, United Arab Emirates.
The office which was set up to serve business interests in the Middle East locations functioned optimally to support customers to build and grow their businesses within and...
In the spirit of Christmas, First Bank of Nigeria Limited has been giving away free tickets on select arts and entertainment events billed for Lagos.
On December 18, three people; Olamide Benjamin, Folarin Adubi and Ope Daramola got the great chance to #vybe it up with FirstBank at the Wizkid...
Ride-hailing service Taxify is expanding its Nigerian operations to its fifth city – Benin. This announcement continues Taxify’s recent expansion across Nigeria, following launches in Lagos, Abuja, Owerri and Ibadan.
The ride hailing service said in June 2018 that it had completed an investment round of $175 million, and that...
In the spirit of the season, Ecobank Nigeria has called on Nigerians in diaspora to embrace the benefits of Ecobank’s Rapidtransfer app when sending money to their loved ones back home this festive season. The service the bank said is open to Ecobank and non-Ecobank customers.
Patrick Akinwuntan, Managing Director,...
The Economic and Financial Crimes Commission has taken into custody the surety of the managing director of Fidelity Bank Plc, Nnamdi Okonkwo, after the suspect jumped the administrative bail granted him by the commission.
Chris Ezem, who stood as surety for the Fidelity Bank boss, was arrested by EFCC operatives...
