Business - Page 407

Oba Otudeko’s Hostile Takeover: Understanding Problems Facing FBN Holdings

What began as a blessing in disguise for FBN Holdings’ shareholders and the company might end up becoming a nightmare that would cost stakeholders billions of naira, Prime Business Africa has learnt.

Fakoyejo Olalekan

July 14, 2023

Naira Ends Week With N59.71 Gain At Official Market

Business·Currency

Official Naira To Dollar Rate Slumps, Black Market Sells USD At Higher Price

The naira to dollar rate in the investors’ and exporters’ window closed at N746.2/$1 on Thursday, as the value of the United States currency dropped by 4.63 per cent. Prime Business Africa

Fakoyejo Olalekan

July 14, 2023

Business·Oil & Gas

Oil Marketers Accuses Petrol Drivers Of Sabotaging Distribution With N23,000 Illegal Levy

The National Public Relations Officer (PRO) of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Yakubu Suleiman, has accused the Petroleum Tanker Drivers (PTD) association of sabotaging fuel distribution. Suleiman said petroleum

Fakoyejo Olalekan

July 14, 2023

Shareholders Remember Wigwe, Others At Access Holdings Annual General Meeting

Business

Montepio Holding Finally Sells Majority Stake In Finibanco To Access Bank

Montepio Holding SGPS S.A has completed the sale of its stake in Finibanco Angola S.A to Access Bank, the subsidiary of Access Holdings. Access Bank acquired 51 per cent, which is a

Fakoyejo Olalekan

July 14, 2023

Business

NCDMB To Implement Report On In-Country Manufacturing

The Nigerian Content Development and Monitoring Board (NCDMB) will soon issue policy directives on in-country manufacturing capabilities of pumps, flanges, valves, and other major equipment categories utilised in different streams of the

Admin

July 13, 2023

Business

Benin Port: Mota-Engil Nigeria Set To Begin Construction

The preferred bidder for the Benin Port Project, Mota Engil Nigeria, has said plans are ongoing to commence the development of the port project, which remains one of the most ambitious legacy

Admin

July 13, 2023

Business·News·Sports

FIFA Bans Al-Nassr From Buying More Players To Join Cristiano Ronaldo

Amid the latest financial windfall in the Saudi Arabian league Pro League, top side Al-Nassr have been hit with a FIFA ban preventing the club from registering new players for their failure

Izuchukwu Okosi

July 13, 2023

Business·News·Sports·Uncategorized

Man City Tops List Of Benefiting Clubs From FIFA World Cup Payments

For the second straight World Cup, Premier League champions Manchester City topped the list of FIFA payments to clubs whose players were selected for the 32 national teams in Qatar

Izuchukwu Okosi

July 13, 2023

Business·Markets

Fidelity Bank, Stanbic IBTC, Others Lose N706.77bn, As Investors Dump Shares

Nigerian stock market valuation depreciated to N34.16 trillion on Thursday, from N34.87 trillion, losing N706.77 billion by the close of trading. The All-Share Index dropped from 64,046.93 ASI to 62,748.94 ASI, shedding 1,297.99 basis points.

Fakoyejo Olalekan

July 13, 2023

Nigeria's September Oil Production Hits 1.5 Million Barrels, Bolsters OPEC Output

Business·Oil & Gas

OPEC Ranks Nigeria Ahead Angola, Algeria, As Crude Output Rises To 1.29mbpd

Nigeria increased its daily crude oil production by 21,000 barrels in June to remain Africa’s largest crude oil producer, according to the Organization of the Petroleum Exporting Countries (OPEC). While Nigeria raised

Fakoyejo Olalekan

July 13, 2023

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Business - Page 407

Oba Otudeko’s Hostile Takeover: Understanding Problems Facing FBN Holdings

Official Naira To Dollar Rate Slumps, Black Market Sells USD At Higher Price

Oil Marketers Accuses Petrol Drivers Of Sabotaging Distribution With N23,000 Illegal Levy

Montepio Holding Finally Sells Majority Stake In Finibanco To Access Bank

NCDMB To Implement Report On In-Country Manufacturing

Benin Port: Mota-Engil Nigeria Set To Begin Construction

FIFA Bans Al-Nassr From Buying More Players To Join Cristiano Ronaldo

Man City Tops List Of Benefiting Clubs From FIFA World Cup Payments

Fidelity Bank, Stanbic IBTC, Others Lose N706.77bn, As Investors Dump Shares

OPEC Ranks Nigeria Ahead Angola, Algeria, As Crude Output Rises To 1.29mbpd

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