Nigeria Ltd -

First Bank appoints new chairman

May 10, 2024 by Francis Abel

FBN Holdings Plc has announced the exit of Mr Tunde Hassan-Odukale as Chairman of its subsidiary, First Bank of Nigeria Ltd., following expiration of his tenure. Consequently, the Board of First Bank appointed Mr Ebenezer Olufowose, a Non-Executive Director, as the new Chairman of the Board of Directors of the Bank. Mr Adewale Arogundade, Company … Read more

Shell agrees to sell Nigeria onshore oil business for $1.3bn

January 16, 2024 by Francis Abel

Shell Plc agreed to sell its Nigerian onshore oil business to a consortium of local companies for more than $1.3 billion. If approved by the government, the transaction would fulfill Shell’s long-term goal of extracting itself from a challenging operating environment in the Niger Delta region, while retaining a presence elsewhere in the country. Beyond … Read more