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FirstBank Holdings Names Olusegun Alebiosu Acting Chief Executive of FBN, Replaces Adeduntan

• by Olusegun Edwards
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The Board of FBN Holdings Plc, yesterday, announced the appointment of Mr. Olusegun Alebiosu as acting Chief Executive, First Bank of Nigeria Limited (FirstBank), its flagship subsidiary. The appointment came on the heels of the recent resignation of the bank’s Managing Director/Chief Executive, Dr. Adesola Adeduntan. In a statement to the Nigerian Stock Exchange, the […]

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ETI Says Successfully Repayment of $500m Eurobond Completed

• by Olusegun Edwards
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Ecobank Transnational Incorporated (ETI) announced on the Nigerian Exchange Limited (NGX) that it has successfully repaid its $500 million 5-year Eurobond that matured on April 18, 2024. The Eurobond, which was issued in April 2019 was listed on the London Stock Exchange with a coupon rate of 9.5per cent. The bond garnered support from diverse […]

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Access Bank to Reward Customers With N200m, 3 SUVs in Promo

• by Olusegun Edwards
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Access Bank has announced the unveiling of the sixteenth season of DiamondXtra, a savings and reward account program, in Lagos. This season of the special interest-yielding hybrid account, which permits deposits of both cash and third-party cheques, has been enhanced with exciting prizes for customers. Participants stand the chance to win prizes totaling N200 million, […]

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Kebbi State Hands-over 10 Hectares of Land to NASENI for Establishment of AMEDI

• by Olusegun Edwards
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The Kebbi State Government has handed over ten hectares of land to the National Agency for Science and Engineering Infrastructure (NASENI) for the establishment of Agricultural Machinery Development Institute (AMEDI) today in Birni Kebbi. This was in line with the Federal Government’s directive that the six geopolitical zones in the country should host one AMEDI […]

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Transcorp Power Posts 775% PBT Jump in Q1 2024 Along Impressive Revenue Growth

• by Olusegun Edwards
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Transcorp Power Plc (Transcorp Power), one of the electricity generating subsidiaries of Nigeria’s leading, listed conglomerate, Transnational Corporation Plc (Transcorp Group), has demonstrated impressive financial performance in its released Q1 2024 unaudited financial statements, for the period ended March 31, 2024. The Company recorded N67.86 billion in gross earnings, compared to N21.04 billion reported in […]

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Court Grants Nigerian’s Plea to Amend $150m Suit Versus Google, GoDaddy.Com

• by Olusegun Edwards
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A Nigerian Federal High Court, sitting in Abuja has granted an application by a Nigerian, Mr Chianugo Peter, to amend his originating processes filed to seek $150 million in compensation from Google and GoDaddy.com. Justice Obiora Egwuatu granted the application after lawyer to Google LLC, Oluwaseyi Ogundiran of Aluko & Oyebode Law Firm, did not […]