December 10, 2021/InvestmentOne Report The Nigerian equities market closed northwards by 0.47% as NGX-ASI closed at 41,882.97 pts. Conversely, the NGX-ASI lost 0.68% WTD. In today’s trade, market breadth index was broadly positive with 24 gainers against 13 losers. MEYER (+10.00%) led led the gainers, while UNITYBNK (-6.52%) was the top loser today. CILEASING (-1.50%) was the most actively traded stock […]
Investors Bite
Otedola Acquires Additional Stake in First Bank Holdings to Become Undisputed Largest Shareholder
December 10, 2021 by Ronald Adamolekun of Premium Times Premium Times is reporting that Nigeria’s billionaire magnate and chair of Geregu Power Plc Femi Otedola has acquired a further interest in FBN Holdings Plc, the parent company of Nigeria’s oldest lender First Bank, an affirmation that the heated battle for […]
Sterling Bank Gets Approval-in-Principle for the Proposed Alternative Bank Limited
December 9, 2021/NGX We are pleased to inform the Nigerian Exchange Limited (NGX), shareholders, and the general public that Sterling Bank Plc (the Bank) has obtained the Central Bank of Nigeria’s (CBN) Approval-in-Principle for a standalone license for its non-interest banking business the proposed Alternative Bank Limited. The approval is sequel to […]
