Business

All the recent business news in Nigeria, economy and industry updates.

FBN Holdings: Otedola increases stake with additional N16bn shares

The Chairman of First Bank of Nigeria (FBN) Holdings and majority shareholder, Femi Otedola, has purchased 534,094,407 shares at the cost of N16.02 bi

NDIC begins recovery of Heritage Banks’ assets

The Nigeria Deposit Insurance Corporation (NDIC) said it has already initiated the process of debt recovery and realisation of investments and physica

Oil & gas sector owes FG over N10trn – NEITI

The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that outstanding collectible revenues due to the federal government in

IoD asks government to entrench corporate governance

The Institute of Directors of Nigeria (IoD) has advised the federal government to entrench corporate governance in its activities and operations. The

Trustfund Pensions approves 2 year-dividend for shareholders

The Trustfund Pensions Limited has declared a dividend of 20k respectively per share for the 2022 and 2023 financial year. This was disclosed at the c