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Femi Otedola increases stake in First HoldCo by N2.01 bn

By Peter Egwuatu Femi Otedola, a significant shareholder and chairman of First HoldCo Plc, has increased his stake in the company with the acquisition of additional 64,878,668 million shares valued at N2,011,238,708. FBN Holdings disclosed the acquisition in two separate documents as required by the post listing requirement of the Nigerian Exchange Limited (NGX). According to […]

PenCom guides PFAs on securities lending, repurchase transactions

By Yinka Kolawole, with agency report The National Pension Commission (PenCom) has introduced a framework to guide pension fund administrators (PFAs) on engagement in securities lending and repurchase transactions (repos). Securities lending is a  transaction where securities are temporarily transferred from a lender to a borrower, typically in exchange for a fee or collateral, while Repos are the […]

Use political solution, release Nnamdi Kanu today, Onoh pleads with Tinubu

The former spokesman of President Bola Tinubu in the south east, Denge Josef Onoh, has urged his boss, President Tinubu to employ political solution other than legal fireworks in today’s arbitration in the case of the leader of the Indigenous People of Biafra (IPOB), Mazi Nnamdi Kanu. Kanu appears in court today, Friday, where IPOB […]

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