Nnamdi Okonkwo, Group Managing Director, FBN Holdings, confirmed this at the Facts Behind the Rights Issue of the group in Lagos.
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Oyedeji, with a robust 30 years of experience under his belt, joins FBN Holdings from his position as the Chief Executive Officer at NOVA Commercial Bank.
Adewale Arogundade, Company Secretary of the Holdings, confirmed this in a notification sent to the Nigerian Exchange Limited.
The company, which offered the explanation on Tuesday, also listed its other entities and businesses not included in the sale.
The market, having opened for four days in the week, following the May Day holiday, had FBN Holdings leading the gainers’ table by 32.68 percent to close at N27 per share.
FBN Holdings Plc says it has recorded a profit before tax of N206 billion for the first half of 2023 financial year.
The fund, called Waqf, is an instrument of Islamic Estate Planning largely designed for charitable and philanthropic activities to solve social problems.
Tunde Lawanson, its Head, Marketing and Corporate Communications, made this known in a statement on Monday.
The panel defined Ethical investing as the practice of using moral beliefs or principles as a primary filter for selecting financial asset in your portfolio.
Fitch also upgraded their Viability Ratings to ‘b’ from ‘b-’.
The campaign according to a statement signed by the account Executive, Karina Israel is in furtherance to the firm’s commitment to supporting its clients and stakeholders, “with wealth management solutions that move them towards their goals.
The forum according to a statement signed Friday is aimed at educating Muslims about the importance of Estate Planning in line with Islamic law.
JB is a Finance expert with huge experience in Finance, Risk Management, Treasury, Internal Controls, General Administration, Procurement, and Information Technology. While at Forte, he was a member of the Executive Management Team that restructured a then moribund company into a vibrant industry player.
This is contained in the statement on investors’ relations signed by the Company Secretary, Seye Kosoko, posted on the NGX website.
In a statement, it stated that its ratings on FBN and other Nigerian banks remain constrained by shortcomings in corporate governance and transparency, among other factors.
This was in contrast with 430.12 million shares valued at N6.62 billion achieved in 4,319 deals on Thursday.
The PAT represented an increase 56.65 per cent when compared with N31.6 billion achieved in the corresponding period of 2019.
Urum Kalu Eke, FBNH Group Managing Director, made this known in a statement on Sunday in Lagos.
Adekunle Awojobi, FBNQuest Managing Director, said this in a statement on Thursday in Lagos.
The Boards of Directors of both organisations stated this in a divestment announcement on Tuesday, pasted on the Nigerian Stock Exchange website.