Femi Otedola Acqiures more FBN Holding shares

Femi Otedola Acquired More Shares In FBN Holdings Plc.

Femi Otedola, Nigerian billionaire, business tycoon and chairman of Geregu Power Plc has acquired an additional stake in FBN Holdings Plc, the parent company of  First Bank, Nigeria’s oldest bank.  It has been confirmed that Mr Femi Otedola had acquired…

UBA acquires Abuja Electricity Distribution Company

UBA Acquires Abuja Electricity Distribution Company.

United Bank for Africa acquired ownership of Abuja Electricity Distribution Company (AEDC). A new management team was appointed by the Bureau of Public Enterprises for the company, 24hours after the acquisition.  The members of the interim management team include Bada…

UAE borrows a leaf from Kaduna State of Nigeria

UAE borrows a leaf from Kaduna State in Nigeria.

The United Arab Emirates, UAE borrows a leaf from Kaduna State in Nigeria – slashes its official working week to four-and-a-half days and moves its weekend to Saturday and Sunday in a major shift aimed at improving competitiveness, officials said…