[REVEALED] FBN Holdings sells merchant bank for N35.6bn
FBN Holdings, the parent company of First Bank of Nigeria, sold its 100% equity stake in FBNQuest Merchant Bank for
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Author: Markets Reporters
FBNH’s customer deposits surge by N6.62trn in one year under Otedola
FBN Holdings Plc, the parent company of First Bank of Nigeria, grew its customer deposits by 62 percent in 2024
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Nigeria shifts focus to domestic LNG supply as five mini plants launched
The Nigerian National Petroleum Company Ltd and its partners launched five mini liquefied natural gas (LNG) plants in Ajaokuta, Kogi
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Fuel marketing firm Eterna swings to record profit from N9bn loss
Eterna, a fuel marketing company, has swung from a N9.33bn loss in 2023 to its biggest-ever profit last year. The
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Billionaire Otedola’s Geregu Power boosts profit by 70%
Geregu Power, chaired by billionaire Femi Otedola, saw its profit after tax surge by 70.6 percent to N27.41 billion last
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BUA Foods’ profit more than doubles as revenue hits N1.5trn
By Mary Adenike BUA Foods Plc, a major food manufacturer in Nigeria, saw its profit surge by 145.2 percent in
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Stanbic IBTC fintech unit Zest to get N4bn in fresh capital as losses widen
By Joseph Olaoluwa Stanbic IBTC Holdings Plc, a midsize lender in Nigeria, plans to recapitalise its fintech subsidiary, Zest Payments
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South Africa cuts interest rate to 7.5% as inflation rises
By Mary Adenike South Africa’s central bank on Thursday reduced its Monetary Policy Rate for a third straight meeting to
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From 76 to 36,000 vehicles: Uber-backed Moove boosts fleet with Kovi acquisition
By Joseph Olaoluwa Moove, an Uber-backed Nigerian startup that finances vehicles for ride-hailing drivers, has acquired Brazilian mobility company Kovi,
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FCMB’s full-year earnings rise to N108bn
By Mary Adenike The earnings of FCMB Group Plc, the parent company of First City Monument Bank, rose by 16
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