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FBN Holdings records N3.3 trillion annual revenue as profit jumps to N739 billion

Nigeria, Jan. 31 -- FBN Holdings hit a N3.3 trillion revenue milestone last year, up from N1.6 trillion in 2023, propelled by a surge in the interest income it earned from granting loans to customers ... Read More


Lagos court sets aside order freezing Global Hydrocarbons assets

Nigeria, Jan. 30 -- The Federal High Court in Lagos has reversed an order of Mareva injunction obtained by First Bank freezing the assets of Global Hydrocarbons, an oil & gas firm, and those of its di... Read More


Injunctive orders against Global Hydrocarbons, directors still stand - First Bank

Nigeria, Jan. 30 -- First Bank of Nigeria has stated that the injunctive orders granted to it by Justice Deinde Dipeolu of the Federal High Court, Lagos, remain valid, even though the court has set as... Read More


Dangote-backed Alterra set to buy Kenya's restaurant chain Java House

Nigeria, Jan. 29 -- Alterra Africa Accelerator Fund, a private equity fund managed by Alterra Capital Partners, backed by Africa's wealthiest person, Aliko Dangote, is positioned to take the majority ... Read More


Zenith Bank raises N350 billion ahead of recapitalisation deadline

Nigeria, Jan. 27 -- Zenith Bank completed a capital raise which enabled it to source N350.1 billion from equity investors ahead of a deadline to meet new recapitalisation requirements by the Central B... Read More