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Two Nigerian lenders – Zenith Bank Plc and Access Bank Plc – are among the list of financial institutions from Africa and the Middle East that have indicated an interest in the acquisition of Union Bank Plc and other African assets of Atlas Mara Group, a Pan-African banking group.
A total of 11 listed banks have declared a cumulative N308.206 billion dividends to their numerous shareholders in their respective 2020 financial year, in a move to give these investors good returns on investment, according to a report.
Ogun State Police Command, Tuesday, dismissed three police officers who extorted N150,000 from a student of the Lagos State University (LASU), Sheriff Adedigba, through the Point of Purchase, PoS machine.
Investors on the Nigerian equities market yesterday lost N118 billion as the market reversed its previous session gains on renewed profit-taking.
Ngozika Ihuoma, a defence witness, on Tuesday, said he was not paid to defend Abdulrasheed Maina, Chairman, defunct Pension Reform Task Team (PRTT), in the ongoing money laundering charge against him.
The Lagos Zonal Office of the Economic and Financial Crimes Commission, (EFCC) has secured the conviction of Temitope Oluwasanmi and Augustine Olayinka before Justice Mojisola Dada of a Special Offences Court, Lagos State High Court, Ikeja.
Cross-border digital payments service, World Remit has described the move by the Central Bank of Nigeria, CBN, mandating commercial banks to open dollar accounts for customers who do not have as timely and apt.
The local bourse sustained its negative run on Thursday recording the fourth consecutive loss, following profit taking in Dangote Cement, Zenith Bank and United Bank for Africa stocks.
ANOH Gas Processing Company Limited (AGPC), a gas processing company established by the Nigerian Gas Company (NGC) and Seplat Petroleum Development Company Plc (Seplat) on a 50-50 basis has successfully raised $260million in debt to fund the completion of the AGPC Gas Processing Plant. The financing was more than 50percent oversubscribed.
Nigeria’s bourse on Wednesday sustained its bearish performance for the third consecutive trading day, with the market indicators dropping further by 0.10 per cent.
Activity chart of the Nigerian Stock Exchange (NSE) for the last trading session of the month, Friday January 29, showed Zenith Bank atop Most-Traded stocks with a total value of N1.2 trillion and transaction volume of 44,956,083 shares.
Afreximbank has disbursed 250 million dollars as part of its support for Trans Niger Oil and Gas Ltd (TNOG) to acquire 45 per cent stake in Oil Mining Lease (OML) 17 onshore oilfield.
Heirs Holdings, in partnership with Transnational Corporation of Nigeria Plc, on Friday announced the “unconditional acquisition” of a 45 percent participating interest in OML 17 through TNOG Oil and Gas Limited, their associated company.
The African Export-Import Bank (Afreximbank) has increased the number of its trade finance intermediaries (TFIs) to more than 65 in 30 African countries.
Dangote Cement, MTN Nigeria, Nigerian Breweries and nine other Industry leading Nigerian companies have raised a sum of N478.4 billion through Commercial Paper issuances between January and September 2020. Newsletter from Nigerian Investment Promotion Commission (NIPC) has revealed.
The Cross River Internal Revenue Service (CRIRS) has won a landmark case instituted against it by Union Bank Plc, before the Tax Appeal Tribunal (South-south zone) sitting in Benin.
Ole Gunnar Solskjaer criticised football authorities for Manchester United’s punishing schedule after his side advanced to the Europa League final on Thursday, calling it “physically impossible” for his team.
Eight people suspected to be hoodlums operating under the name “unknown gunmen” on Thursday night were gunned down in a gun battle with joint security operatives.
England’s chances of winning the Euro 2020 tournament this year have been boosted by the success of the Premier League clubs in the Champions League and Europa League, says Harry Kane.
Ghana has been sent 350,000 more AstraZeneca vaccines to help in the fight against the deadly coronavirus disease.
Hertha Berlin climbed out of the Bundesliga relegation places on Thursday with a 3-0 home win over Freiburg in their second match after coming out of a two-week quarantine.
In continuation of a three-nation tour by Dr. Patrice Motsepe, President of the Confederation of African Football (CAF), which newsmen reported on recently, a joint CAF and FIFA delegation arrived in Liberia on Thursday, to hold meetings in Monrovia with the Liberian Football Association and government officials.
Ogun state workers have pleaded with the state governor, Prince Dapo Abiodun to look into the remnants of the 2015-2020 leave allowance of the state public servants.
The former Senate President, Anyim Pius Anyim, Monday stated that “military actions or even foreign help alone cannot bring permanent solutions to ethnic conflicts or nationality agitations breeding insecurity across the country.
The Economic and Financial Crimes Commission (EFCC) has arrested an alleged human organs trafficker.
Ondo State Governor, Mr Rotimi Akeredolu has reiterated the commitment of his administration to the welfare of workers in the state.