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First Bank shares fell by 6% as fear of AMCON takeover hovers over Honeywell

First Bank Nigeria Holdings (FBNH) closed with a loss of -6.6%, placing it at the third position in the NSE ASI for Thursday. After the appointment of the new Managing Director/Chief Executive Officer (MD/CEO) for First bank Nigeria, Mr Gbenga Shobo, the CBN responded by re-instating Dr. Adesola Adeduntan as the MD and sacking all directors of the bank, as well as the parent company, FBN Holdings. CBN stated that First bank Nigeria was of essential importance to the Nigerian banking sector given its historical significance, size of balance sheet, large customer base and high level of interconnectivity with other financial service providers, among others.

Toni Gonzaga warns followers of investment scam

Toni Gonzaga warned fans of an article that contains false information about her. She posted a screenshot of the said article, which used the headline: "SPECIAL REPORT: Toni Gonzaga'sa Latest Investment Has Experts in Awe And Big Banks Terrified." The uploader of the said article went so f

Majoro denies involvement in Ponzi schemes

Bereng Mpaki PRIME Minister Moeketsi Majoro has denied any involvement in a dubious online ‘investment scheme’ called Bitcoin ERA. In a statement yesterday, Dr Majoro’s press attaché, Buta Moseme, said the premier was “dismayed” at social media reports linking him to the questionable Ponzi scheme which promises to turn ‘investors’ into millionaires within four months […]

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