FCMB announces completion of public offer, raises ₦147.5bn with 33% oversubscription

FCMB announces completion of public offer, raises ₦147.5bn with 33% oversubscription

FCMB Group Plc (“FCMB Group” or the “Group”), a leading financial services group, is pleased to announce the successful completion of its public offer, following the approvals of the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). The offer was oversubscribed by 33%, attracting 42,800 investors with 92% subscribing via more […]
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Fubara: Elder statesman shouldn’t be trader, sycophant – Wike fires back at Odili

Fubara: Elder statesman shouldn’t be trader, sycophant – Wike fires back at Odili

“Between him and myself, who has turned Rivers State into his personal estate? His wife is a Chairman of the Governing Council, his daughter is a commissioner, his other daughter is a judge and he is the general overseer. Who has now turned Rivers State to his private estate? I am sure if care is not taken if there is a chance, he can even arrange a marriage for the governor.

Customs to auction seized petrol at ₦400 per litre

Customs to auction seized petrol at ₦400 per litre

The Nigeria Customs Service (NCS) has announced plans to auction 15,325 litres of seized Premium Motor Spirit (PMS), commonly known as petrol, at ₦400 per litre to help ease transportation challenges during the festive season.

Energy commission, Enugu Govt clash over ₦40bn methanol project

Energy commission, Enugu Govt clash over ₦40bn methanol project

The Energy Commission of Nigeria, a Federal Government agency under the Ministry of Innovation, Science, and Technology, has accused the Enugu State Government of frustrating the development of a ₦40 billion Bio-Methanol Pilot Plant in Akpugo, Nkanu West Local Government Area of Enugu State.