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Tag: FBNQuest

Court Rules FirstBank-GHL dispute Is debt recovery, not maritime claim
Business

FBN HoldCo completes sale of FBNQuest merchant bank stake

First HoldCo Plc has officially notified the Nigerian Exchange Limited that it has completed the sale of its 100 per cent equity stake in FBNQuest Merchant Bank Limited to EverQuest Acquisition LLP. This action marks the end of a multi-year restructuring process within the Group’s investment banking and asset management businesses. In a regulatory filing […]

Business

FBNQuest appeals ruling unfreezing Nestoil’s alleged $1bn assets

FBNQuest Merchant Bank Limited and First Trustees Limited have asked the Court of Appeal, Lagos, to restrain Nestoil Limited, Neconde Energy Limited and two others from taking any steps to enforce the reversal of a Mareva injunction (freezing order) on their properties, citing alleged $1.01 billion asset dissipation plans by the respondents. This is contained […]

News

Nigerians spent $4.1bn FX in three months

Nigerians spent more dollars or foreign exchange in three months of last year, according to the Central Bank of Nigeria’s most recent Quarterly Statistical Bulletin. This indicates that the total amount of foreign exchange used by the Nigerian economy increased every quarter, according to Businessday. FX utilization increased to USD 4.1 billion in Q4 2023, […]

FBNQuest announce retirement of its MD, DMD
Business

FBNQuest announce retirement of its MD, DMD

The board of directors of FBN Holdings Plc has announced the departure of Kayode Akinkugbe as Managing Director and Taiwo Okeowo as Deputy Managing Director of its subsidiary, FBNQuest Merchant Bank Limited. The Times reported that the Group stated in a notice to the Nigerian Exchange Limited and the investing public that the retirement follows the successful […]

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