BUSINESS

NGX confirms Otedola acquisition of 5.07 % stake in FBNH

Daily Dispatch October 24, 2021

The Nigerian Exchange Limited, NGX, Saturday confirmed that it received information concerning the transactions of the shares transacted by Femi Otedola.  Otedola, a billionaire businessman, acquired five per cent stake in First Bank of Nigeria, making him the bank’s single largest shareholder

BUSINESS

Buhari To Unveil eNaira Monday

Daily Dispatch October 24, 2021

President Muhammadu Buhari is scheduled to formally unveil the Nigerian Central BankDigital Currency (CBDC), known as the eNaira, on Monday 25 October 2021, at the StateHouse, Abuja.The launch of the eNaira is a culmination of several years of research work by the CentralBank of Nigeria in advancing the boundaries of payments system in order to […]

BUSINESS

Energy transition: Kyari advocates justice for developing countries

Daily Dispatch October 23, 2021

Ahead of the 26th UN Climate Change Conference of the Parties (COP26) in Glasgow, UK, the Nigeria National Petroleum Company (NNPC) has advocated for consideration of “energy justice” in the implementation of energy transition. The 26th UN COP26 will hold in November 2021, in Scottish city of Glasgow. Discussions on countries transiting to less carbon-intensive […]

BUSINESS

Otedola yet to notify us of acquisition- First Bank

Daily Dispatch October 23, 2021

The holding company of First Bank of Nigeria, FBN Holdings Plc, has said it has not received any notification of acquisition from the former CEO of Forte Oil, Femi Otedola. In a statement sent to the Nigerian Exchange Limited, the Company Secretary, Seyi Kosoko, responded to the reports that Otedola had allegedly acquired 5 per cent […]

BUSINESS TOP STORIES

Billionaire investor, Femi Otedola takes over First Bank

Daily Dispatch October 22, 2021

Billionaire business man, Femi Otedola has effectively taken over Nigeria’s premier bank, First Bank. It was gathered that an entity owned by billionaire investor and charismatic personality Femi Otedola, is behind a massive mop-up of the shares of FBN Holding, one of Nigeria’s tier one banks. According to sources, majority ownership of FBN Holding Company, […]

BUSINESS

Oyo govt. Promises integration of local tarmers into development plan

Daily Dispatch October 22, 2021

Oyo State Government, on Friday, reassured smallholder farmers of improved support and integration into the development plan of the state, in accordance with the four points agenda of Governor Seyi Makinde led administration. This, the Government said, would spur productivity and enhance the quality of food consumed by the people in the state. The Honourable […]