Author: Femi Ajasa
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![BREAKING: Femi Otedola now majority shareholder of FBN Holdings, owners of First Bank [How it happened]](https://thenewsguru.ng/wp-content/uploads/2019/06/OTEDOLA.jpg)
BREAKING: Femi Otedola now majority shareholder of FBN Holdings, owners of First Bank [How it happened]
Report reaching TheNewsGuru(TNG) indicates that billionaire Femi Otedola, has acquired the majority shares in FBN Holdings, owners of First Bank of Nigeria Limited. Otedola reportedly took over the bank with the acquisition of about ₦30 billion worth of shares, making him the single largest shareholder of the bank. Otedola, being the largest shareholder, holds the…
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IMF upgrades Nigeria’s economic growth forecast to 2.7%
The International Monetary Fund, IMF, has upgraded its forecast for Nigeria’s economic growth in 2022 and 2021 to 2.7 per cent and 2.6 per cent respectively, citing recovery in non-oil sectors and the rising price of crude oil. The IMF had earlier in April projected that Nigeria’s economy will grow by 2.3 per cent and…
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Naira falls at official market
Naira fell marginally against the U.S. dollar at the official market on Thursday, after the currency appreciated for three consecutive sessions on a stretch at the market segment. The currency traded with the foreign currency at N415.07 to a dollar, which implies a N1.00 or 0.24 per cent depreciation from the N414.07 rate it exchanged…
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[Devotional] IN HIS PRESENCE: Get out of the toxic environment
By Okey Chinye Read: GENESIS 19:1–29 Meditation verse: “So, Lot went out and spoke to his sons-in-law, who had married his daughters, and said, ‘Get up, get out of this place’” (Genesis 19:14). Every environment you find yourself in has its people, culture, systems, and practices. A toxic environment is one in which either the…
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PDP disqualifies three aspirants ahead national convention
The Peoples Democratic Party (PDP) Screening Committee has disqualified three aspirants from participating in the national convention slated for October 30 and 31. The Chairman of the Convention Committee, Governor Ahmadu Fintiri of Adamawa State, disclosed this during the unveiling of the party’s national convention logo and promotional materials on Thursday in Abuja. The committee…
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Police arrest six suspected kidnappers in Adamawa
The Adamawa State Police Command says it has arrested six suspected kidnappers who attacked Ngurore Police Station in Yola-South Local Government Area and kidnapped nursing a mother. The News Agency of Nigeria reports that the incident occurred on October 10, but the victims had been rescued. The Commissioner of Police in the State, Mohammed Barde,…
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Setback for ISWAP as troops kill Malam Bako, successor to Al-Barnawi
The National Security Adviser to the President, Maj. Gen. Babagana Monguno (rtd) has announced the killing of Malam Bako, the successor of Abu Musab Al-Barnawi, the leader of the Islamic State of West African Province (ISWAP). Monguno revealed this when he addressed newsmen on the outcome of the meeting of security chiefs, presided over by…
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Moni Pulo, Ebuye Investments debunk Dumo Lulu-Briggs false claims on their shares, assets
The management of Moni Pulo Limited and the attorneys of Ebuye Investment Limited on Wednesday October 19, 2021, debunked alleged claims to Moni Pulo Limited shares and Ebuye Investment Limited assets made by Chief Dumo Lulu-Briggs, Chairman of Platform Petroleum and Kalabari-born Rivers politician, in a ‘Public Notice’ published in ThisDay newspaper of October 11,…
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FRSC unveils body worn cameras for patrol operations
The Corps Marshal, Federal Road Safety Corps (FRSC) Boboye Oyeyemi, on Thursday, unveiled body cameras, operation monitoring and control platform, to improve the Corps’ field operations across the country. At the official inauguration in Abuja, Mr Oyeyemi said that the platform would improve transparency and accountability in the activities of the Corps nationwide. He added…
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2023: I can fix Nigeria – Atiku
Former Vice President Atiku Abubakar has said Nigeria needs a leadership that would reform the economy and ensure stability. Atiku stated this on Thursday in Abuja at the 70th birthday lecture and book presentation of the Emeritus Chairman of DAAR Communications Plc, Chief Raymond Dokpesi. He added that the country also needs a leader that…