Press 234

FBN Holdings confirms Hassan-Odukale single-largest shareholder, Otedola second

FBN Holdings Plc has confirmed that Mr Tunde Hassan-Odukale is the single-largest shareholder in the company. A statement signed by the company secretary, Seye Kosoko, on Wednesday confirmed that Hassan-Odukale and Mr Femi Otedola as the only shareholders with more than five per cent shareholding in the company. Hassan-Odukale owns 5.36 per cent while Otedola…… Continue reading FBN Holdings confirms Hassan-Odukale single-largest shareholder, Otedola second

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NNPC, marketers inflated imported petrol figures under Buhari, Jonathan – Sanusi

A former Governor of Central Bank of Nigeria, Lamido Sanusi, said on Tuesday that petrol imports figures were inflated when global oil prices went up during the administration of President Goodluck Jonathan and the regime of the current President, Major General Muhammadu Buhari (retd.) Sanusi, who spoke on Tuesday at a panel session during the…… Continue reading NNPC, marketers inflated imported petrol figures under Buhari, Jonathan – Sanusi

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Obaseki, France to train 3,000 youths in creative sector

The Edo State Governor, Godwin Obaseki, and the French Government have strengthened partnership to train 3,000 youths in the creative and entertainment industry. The Managing Director, Edo State Skills Development Agency, Ukinebo Dare, said this at a stakeholders’ meeting at the Government House, according to a statement by the state government. He said the partnership…… Continue reading Obaseki, France to train 3,000 youths in creative sector

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NIPC to facilitate creation of Nigeria-Chad business council

The Nigerian Investment Promotion Commission has pledged to work with relevant governments to set up the Nigeria-Chad Joint Business Council. The  NIPC made the pledge at a meeting between its management and a business delegation from the Republic of Chad, led by Nigeria’s Ambassador to Chad, Sadique Abubakar, and his counterpart, Ambassador of Chad to…… Continue reading NIPC to facilitate creation of Nigeria-Chad business council

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Ex-Ghanaian President, CBN gov, others set for AEC summit

The African Economic Congress has announced that the former President of the Republic of Ghana, John Mahama, will open the 3rd annual edition of the congress scheduled to hold virtually next month. According to a statement, Mahama served as president of Ghana from July 24, 2012 to January 7, 2017. It said the three-day virtual…… Continue reading Ex-Ghanaian President, CBN gov, others set for AEC summit

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UBA’s profit grows by 37% in three months

The United Bank for Africa Plc has reported a 37 per cent rise in its profit before tax to N123.4bn in the third quarter of the year 2021 from N90.4bn in the same period of 2020. The company’s unaudited financial statements for Q3 2021 showed that its gross earnings rose to N490.3bn from N454.4bn, while…… Continue reading UBA’s profit grows by 37% in three months

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GTCO’s quarterly profit falls to N151.91bn

Guaranty Trust Holding Company Plc has reported a profit before tax of N151.91bn for the third quarter of 2021, down 9.23 per cent from N167.35bn in the same period of last year. The holding company for Guaranty Trust Bank Limited said its revenue dropped by 3.46 per cent to N214.77bn in Q3 2021 from N222.47bn…… Continue reading GTCO’s quarterly profit falls to N151.91bn

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eNaira app hits 100,000 downloads in 24hrs amid complaints

The eNaira speed wallet applications recorded over 100,000 downloads from the Google Store in 24 hours after the digital currency was launched on Monday, even as some users complained about some glitches. Aside from the Google Store, the wallet can also be downloaded from the Apple Store, but the number of downloads from this store…… Continue reading eNaira app hits 100,000 downloads in 24hrs amid complaints

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ICT professionals fault proposed forensic council

Professionals in the Information and Communication Technology sector have differed on a bill to establish a Chartered Institute of Computer Forensics in Nigeria. At a public hearing organised by the House of Representatives’ Committee on Science and Technology on the bill in Abuja on Tuesday, the Computer Professionals (Registration) Council of Nigeria and the Defence…… Continue reading ICT professionals fault proposed forensic council

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FBN Holdings share price drops as investors take profits

The share price of FBN Holdings Plc fell by 1.2 per cent on Tuesday, after rising by 2.45 per cent on Monday, the first trading day after it announced that Mr Femi Otedola, a billionaire businessman, had acquired a 5.07 per cent shareholding in the company. Analysts in the Nigerian capital market said short-term investors…… Continue reading FBN Holdings share price drops as investors take profits

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