All posts by BusinessNews Staff
FG mobilises $14.1bn to support real sector
The Minister of Finance, Dr Ngozi Okonjo-Iweala, says the Federal Government has moblised 14.1 billion dollars to support the real sector of the economy. Okonjo-Iweala said this at the Ministry’s press briefing on Tuesday in Abuja. She...
- Posted October 22, 2014
FBN Capital hosts 4th Annual Investors’ Conference
FBN Capital Limited, the Investment Banking and Asset Management subsidiary of FBN Holdings Plc, will once again host key stakeholders at the 4th edition of its Annual Investor Conference, holding on the 11th and 12th of November...
- Posted October 21, 2014
FirstBank partners MoneyGram to launch Outbound Service in Nigeria
First Bank of Nigeria Limited (FirstBank), Nigeria’s largest banking institution, and MoneyGram International, a leader in money transfer and global payment services, today announced the launch of outbound remittance service in Nigeria. Since money transfers began in...
- Posted October 17, 2014
Heritage confirms full payment for Enterprise Bank
Heritage Bank’s investment arm, HBCL Investment Services, Wednesday night disclosed that it had paid the 80 per cent balance of N44.8 billion into the account of AMCON. The bank made the announcement through its public relations agency,...
- Posted October 16, 2014
FirstBank sustains support for Nigeria Association of the Blind on White Cane Day
First Bank of Nigeria Limited has again demonstrated its commitment to providing inclusion, advocacy and public enlightenment for blind and visually impaired persons in the country through its consistent support for the Nigeria Association of the Blind...
- Posted October 15, 2014
Aiteo Group reiterates majority ownership of shares in Shell’s lucrative OML 29
The hot news in African’s largest economy, oil industry, is the sharp disagreement between Aiteo Group and Taleveras, as both companies are claiming independent majority ownership of Royal Dutch Shell’s Nigerian oil block, Oil Mining License 29....
- Posted October 11, 2014
Aiteo to boost FG local content aspiration with $2.8billion
Aiteo Group, one of Africa’s foremost conglomerates, leading a consortium of five other companies has won the bid for the Royal Dutch Shell’s prolific Nigerian oil block, Oil Mining License 29 and an associated pipeline with a...
- Posted October 10, 2014
First Bank expands African footprint, launches FBN Bank Ghana
Following the agreement reached by First Bank of Nigeria Limited and International Commercial Bank Financial Group Holdings Ag (ICBFGH) for the acquisition of a 100% equity interest in ICB GHANA, FirstBank today announced the launch of FBN...
- Posted October 9, 2014
Governor Oshiomhole signs 2015 budget
Governor Adams Oshiomhole of Edo State on Tuesday in Benin signed the state’s 2015 Appropriation Bill into law. Oshiomhole said that the budget took into consideration the Federal Allocation and Internally Generated Revenue (IGR) and other sources...
- Posted September 30, 2014
NSE transactions drop in volume and value terms
Equity transactions on the Nigerian Stock Exchange (NSE) on Thursday dropped both in volume and value terms. The News Agency of Nigeria (NAN) reports that some fnancial analysts attributed the drop in transactions to sell pressure and...
- Posted September 25, 2014
Forte Oil, Aiteo Group, others scramble to acquire Oando’s downstream assets
Forte Oil Plc, one of the nation’s petroleum products marketing company and Chief Benny Peters’ Aiteo Group, on Monday emerged the major contenders for Oando Plc downstream assets nationwide. The News Agency of Nigeria (NAN) reports that...
- Posted September 22, 2014
FirstBank: National icon, celebrated globally
First Bank of Nigeria Limited (FirstBank) is Nigeria’s premier banking institution and has been at the vanguard of banking innovation, modernisation and business advancement for the past 120 years. Established in 1894, the bank has consistently grown...
- Posted September 22, 2014