Category: Bizness News
CBN moves to block information leakage
Governor of the Central Bank of Nigeria (CBN), Mallam Sanusi Lamido Sanusi, is getting increasingly uncomfortable with the constant leakage of decisions taken at the...
FirstBank Buys ICB’s West Africa Operations
FirstBank Ltd, a subsidiary of FBN Holdings Plc has announced the completion of its acquisition of a 100% equity interest in International Commercial Bank (ICB) Ghana,...
Another Crisis Rocks The Ibru’s Business Empire…AMCON Set To Take Over Nigerian Aero Contractors Airline
Nigeria’s debt management firm, AMCON is set to assume control of indigenous airline, Aero Contractors, following its inability to repay enormous debts owed to the...
Revealed: Banks expend N390bn on ATMs acquisition
In its bid to ease the payment system, the nation’s banks have so far invested a whopping N390 billion in the acquisition of Automated Teller Machines (ATMs) deployed...
Over 60 companies bid for 10 new power plants – Nebo
No fewer than 66 bidders on Monday submitted their applications to buy 10 new power plants in Nigeria.The plants are Alaoji, Benin, Calabar, Egbema, Gbarian, Geregu,...
First Bank acquires ICB’s West African assets
First Bank said on Monday it had completed a deal to acquire a 100 percent of the West African operations of Switzerland’s International Commercial Bank Financial...
Stanbic IBTC ATM’s Suffer Glitches – Customers Take Advantage To Withdraw N100m
A recent system failure at the Nigerian Interbank Settlement System (NIBSS) is said to have disrupted the operations of Stanbic IBTC Plc’s Automated Teller Machines...
Yetunde Kakulu to head Keystone Bank’s Uganda subsidiary
Keystone Bank has confirmed the appointment of Yetunde Kakulu as the managing director of its Uganda subsidiary.Until her posting to manage Keystone Bank interests in...
GTB issues $400m Eurobond at 6.125 percent yield
Guaranty Trust Bank (GTB) on Monday launched a 5-y $400m Eurobond which pays a coupon of 6.0 percent and was initially priced at 6.125 percent, the equivalent of a...
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