Tag: FlatNews
Elumelu Raises Seplat Stake with 6 Million Shares Ahead of Planned Appointment as Chairman
Chairman of Heirs Holdings, Tony Elumelu, has acquired an additional six million shares in Seplat Energy Plc for £53.2 million. The transaction was disclosed in ... Read More
IMF Flags Transparency Concerns as FG Proposes $5 Billion Loan from Abu Dhabi Bank
The International Monetary Fund (IMF) has expressed reservations over Nigeria’s proposed plan to secure up to $5 billion through a derivatives-based financing arrangement with First ... Read More
Otedola Defends ₦748bn Write-Off as First Bank Records 92% Profit Drop
The profit of Nigeria’s oldest financial institutions, First Bank of Nigeria Holdings Plc (First HoldCo), has declined by 92 per cent following a one-off provision ... Read More
Providus Bank Secures Interim Order to Block Plural Oil Accounts Over alleged indebtedness
Justice Akintayo Aluko of the Federal High Court in Lagos has issued an interim order freezing the bank accounts of Plural Oil Marketing Limited and ... Read More
NNPC Plans Bigger Shares in Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to increase its equity stake in the $20 billion Dangote Petroleum Refinery from 7.2 per ... Read More
Dangote Refinery Set for Public Listing on NGX
Africa’s richest man, Aliko Dangote, has revealed plans to list between five and ten percent of the Dangote Petroleum Refinery on the Nigerian Exchange (NGX) ... Read More
Otedola challenges Tinubu to unseal subsidy fraud report and unmask the “real thieves”
Business mogul and Chairman of Geregu Power Plc, Femi Otedola, has strongly denied fresh allegations linking him to Nigeria’s controversial fuel subsidy scandal, describing the ... Read More