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Nigeria Set To Receive Fresh $2.2bn World Bank Loan – Edun
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The Federal Government is set to receive around $2.2 billion single-digit interest loan from the World bank and another budget support facility from the...
First Bank Appoints Alebiosu Acting MD
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First Bank of Nigeria Limited has appointed Olusegun Alebiosu as its acting Managing Director with effect from April 2024.
The bank stated this in a...
Kenya to Extradite Binance Executive Who Escaped From Nigeria
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Following his arrest, the Kenya Police Service is expediting moves to extradite fugitive Binance executive, Nadeem Anjarwalla, to Nigeria within the week, The PUNCH...
Adeduntan Resigns as First Bank CEO
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The Managing Director of First Bank Nigeria Limited, Dr Adesola Adeduntan, has tendered his resignation.
Adeduntan’s departure marks the end of his nine-year tenure, during...
Banks Groan Under N481.96bn Regulatory Costs
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Regulatory induced costs have been a contentious issue among shareholders of banks who argue that a reduction in these mandatory levies will boost their...
US House Passes New Iran Oil Sanctions in Foreign Aid Package
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The US House passed new sanctions on Iran’s oil sector set to become part of a foreign-aid package, putting the measure on track to pass the...
US House Passes $95 Billion in Aid to Ukraine, Israel and Taiwan
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The US House passed $61 billion in fresh aid for Ukraine on Saturday, ending a six-month political impasse during which Kyiv’s stockpiles dwindled in...
FBN Holdings Cancels EGM For N300bn Capital Raise Plans
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FBN Holdings a Tier one Nigerian lender has cancelled an Extraordinary General Meeting (EGM), scheduled to be held on Tuesday, April 30, 2024.
The meeting...
Dangote Refinery Boosts Production With US Oil Imports
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Nigeria’s new mega Dangote oil refinery is slowly grinding into gear, with the 650,000 barrel-a-day plant in Lagos is taking advantage of cheaper US...
FAAC Shares N1.1trn March 2024 Revenue To FG, States, LGCs
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The Federation Account Allocation Committee (FAAC) on Friday shared a total sum of N1.123 trillion March 2024 Federation Account Revenue to the three tiers...