Tag: Nigerian banking

JPMorgan
BusinessBanking

JPMorgan gets initial approval to launch Nigerian merchant bank

JPMorgan secures preliminary CBN approval for a Nigerian merchant bank after depositing ₦50 billion, or $38 million, with the regulator.

Oluwatosin Alao Oluwatosin Alao
Abbey Bank private placement
BusinessBanking

Abbey Bank names five investors with 72.35% stake after $48.5 million placement

Abbey Bank private placement gives five investors a 72.35% stake after raising $48.5 million through 26.56 billion new shares.

Timilehin Adejumobi Timilehin Adejumobi
Jim Ovia, founder of Zenith Bank
BusinessHot News

Nigeria’s richest banker Jim Ovia’s Zenith Bank stake rebounds above $560 million

Jim Ovia’s Zenith Bank stake has recovered above $560 million as shares climb on the Nigerian Exchange.

Timilehin Adejumobi Timilehin Adejumobi
Indimi sisters triumph in $43.5M dispute
BusinessHot News

Nigerian oil tycoon Mohammed Indimi makes $1.7 million from Jaiz bank shares

As the largest shareholder in Nigeria’s pioneering non-interest bank, Indimi holds significant sway with a 24.06% stake in Jaiz Bank.

Feyisayo Ajayi Feyisayo Ajayi