FBN Holdings Shrinks by 14.2% as Price Retreats
FBN Holdings Shrinks by 14.2% as Price Retreats FBN Holdings (FBNH) Plc shrank by more than 14% due to shareholders’ stock selloffs in the local bourse ahead of the first…
Exclusion of Retain Earnings to Complicate Banks Recapitalisation –Moody’s
Exclusion of Retain Earnings to Complicate Banks Recapitalisation –Moody’s Retain earnings of Nigeria’s deposit money banks (DMBs) excluded from capital base calculation will complicate recapitalisation plans for lenders, Moody’s Rating…
Access Holdings Seeks N565bn from Rights Issue, Private Placement
Access Holdings Seeks N565bn from Rights Issue, Private Placement Access Holdings Plc has revealed a plan to raise N565 billion in capital from the local debt capital market to augment…
Nigerian Breweries to Raise N600bn from Shareholders
Nigerian Breweries to Raise N600bn from Shareholders Due to the need to raise its capital profile, Nigerian Breweries (NB) Plc will be raising N600 billion from its shareholders. Those shareholders…
Equities Investors Wealth Declines by N623bn in Nigerian Market
Equities Investors Wealth Declines by N623bn in Nigerian Market Investors in stocks lost roughly N623 billion as a result of selling rallies on the Nigerian Exchange (NGX) floor the previous…
‘Kidnap Kingpin’ Wadume Receives Heroic Welcome In Taraba After Jail Term
A large crowd of people trooped out to welcome Hamisu Bala, better known as ‘Wadume’, to his hometown in Ibbi, Taraba State, on Sunday, after serving his jail term for…
GTCO Plans Rights Issue, Private Placement Worth N525bn
GTCO Plans Rights Issue, Private Placement Worth N525bn Guaranty Trust Holdings Company (GTCO) Plc, the top tier-1 financial institution in Nigeria, has disclosed plans to raise N525 billion from the…
AY & Mabel Makun’s Marriage Crumbles After Two Decades, Comedian Admits To Actions He’s Not Proud Of
Popular Nigerian comedian AY Makun has officially confirmed the rumors of his separation from his wife, Mabel, after twenty years of marriage. The couple, who share two children together, had…
Governor Yusuf Vows To Pursue Ganduje’s Dollar Video Scandal To Logical Conclusion
GOVERNOR Abba Kabir Yusuf of Kano State, on Sunday, replied his predecessor, Alhaji Abdullahi Ganduje, over his claims of failure in governance in the current administration, insisting that Ganduje’s eight-year…
Falana SAN Accuses FG Of Increasing Tariff To Assist Cash-Strapped DisCos Taken Over By Banks, AMCON
*Threatens Legal Action Against Tariff Hike Human rights lawyer, Femi Falana, says the Federal Government through the Nigerian Electricity Regulatory Commission (NERC) plans to extend electricity tariff hike beyond Band…