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Oando's chances of continuing business doubtful as debt widens funding gap

Nigeria, April 24 -- Oil driller Oando requires at least N3 trillion to clear its books of sticky debts and inject the rest of the cash into its operation to stand a chance of staying in business, acc... Read More


Oando releases delayed 2022 report, needs N3trillion to close funding gap

Nigeria, April 24 -- Oil driller Oando requires at least N3 trillion to clear its debts and inject the rest of the cash into its operation to stand a chance of staying in business, according to its la... Read More


UPDATED: First Bank appoints new MD/CEO

Nigeria, April 22 -- First Bank of Nigeria has appointed Olusegun Alebiosu as its acting managing director, two sources with knowledge of the development told PREMIUM TIMES on Sunday. Mr Alebiosu has... Read More


First Bank appoints Segun Alebiosu new MD/CEO

Nigeria, April 22 -- First Bank of Nigeria has appointed Olusegun Alebiosu as its acting managing director, two sources with knowledge of the development told PREMIUM TIMES on Sunday Mr Alebiosu has ... Read More


EXCLUSIVE: Meet the man who will suceed Adeduntan as First Bank CEO

Nigeria, April 22 -- Barring any last-minute change of plans by the board of First Bank of Nigeria Plc, Olusegun Alebiosu, the current executive director/chief risk officer/executive compliance office... Read More


Living Trust Mortgage Bank appoints chairman nominated by Osun govt

Nigeria, April 21 -- Living Trust Mortgage Bank has appointed a new chairman in person of Wale Bolorunduro, once a general manager at Zenith Bank and a former Osun State commissioner for finance, budg... Read More


Concerns mount as Osun governor appoints chairperson for public-listed company

Nigeria, April 20 -- Osun State Governor Ademola Adeleke has appointed a chairperson for Living Trust Mortgage Bank, a publicly quoted company listed on the Nigerian Exchange, in which institutional a... Read More


JUST IN: First Bank board meets over MD's resignation

Nigeria, April 20 -- The board of First Bank is currently meeting at the bank's headquarters over the sudden resignation of the Managing Director of the bank, Adesola Adeduntan. PREMIUM TIMES reporte... Read More


First Bank MD, Adesola Adeduntan, resigns

Nigeria, April 20 -- The managing director of First Bank of Nigeria Limited, Adesola Adeduntan, has resigned his appointment from the company after nine years of holding the top executive position. H... Read More


Dangote's bid to merge sugar, salt, rice businesses hits brick wall

Nigeria, April 19 -- The bid by Africa's richest man, Aliko Dangote, to merge his sugar, salt and rice companies into one for improved efficiency and robust consolidation will not proceed for now. In... Read More