FBN Holdings Cancels EGM for N300bn Capital Raise Amid Managing Director’s Resignation Festus Akanbi and Kayode Tokede In what looks like a coincidence, FBN Holdings Plc, which announced
the retirement of the Managing Director/Chief Executive Officer of First Bank Nigeria Limited, Adesola Adeduntan, has announced the cancellation of its proposed
Extraordinary General Meeting (EGM) scheduled to be held virtually on Tuesday, April 30, 2024. First Bank Nigeria Limited is a key subsidiary of FBN Holdings Plc.
Adeduntan resigned from the bank on Friday after leading the institution for three terms. The acting Company Secretary, FBN Holdings, Mr. Adewale
Arogundade, in a signed statement released to the investing public on the Nigerian Exchange Limited (NGX), stated that the EGM scheduled for the consideration
and authorisation of the company to undertake a capital raise of up to N300 billion and other ancillary Continued on page 5
Army Captain Abducted, Six Soldiers, Scores of Local Vigilantes Killed by Gunmen in Niger, Sokoto…Page 5 Sunday, April 21, 2024 Vol 29. No 10602
www.thisdaylive.com TR
UT H
& RE A S O
N500
N
Tinubu, Sanwo-Olu Pour Encomiums as Tunde Onakoya Sets New World Chess Record… Page 6
Alleged Irregularities, Protests Trail Ondo APC Governorship Primary Election, Aspirants Want Ododo Replaced Aiyedatiwa in early lead as Kogi gov says exercise transparent Fidelis David in Akure The governorship primary election of
the All Progressives Congress (APC) in Ondo State held yesterday to elect the party’s candidate for the
November 16, 2024 election in the state was marred by allegations of irregularities, with some of the
governorship aspirants calling for the cancellation of the exercise and the replacement of Governor Usman
Ododo of Kogi State, who is the Chairman of the Electoral Committee that conducted the election.
The exercise was characterised Continued on page 5
CBN Partners International Money Transfer Companies to Double Remittances to Nigeria Remittance task force to report directly to Cardoso Naira will continue to appreciate against dollar, says Shettima Festus Akanbi in Lagos and Deji Elumoye in Abuja The Central Bank of Nigeria (CBN) has secured the cooperation of some International Money Tranfer Organisations (IMTOs) to double the flow of remittance to Nigeria in its current bid to consolidate the modest improvement in the foreign exchange market dynamics. The CBN Governor, Mr. Olayemi Cardoso, who disclosed this in Washington DC yesterday also said that the task force formed by the apex bank to handle the process of remittance inflows into Nigeria will be reporting directly to his office. In an apparent sense of pride and confidence, Cardoso has also stated that the naira has been declared the best-performing currency globally as of April 2024. This is coming as Vice President Kashim Shettima has expressed optimism that the naira will appreciate more as the dollar continues to crash. Continued on page 5
EZEIFE GOES HOME… L-R: Anambra State Governor, Professor Chukwuma Soludo; Imo State Governor, Senator Hope Uzodimma; former Minister of Labour and Employment, Senator Chris Ngige; and Chukwuemeka, son of the late former Governor of Anambra State, Dr Chukwuemeka Ezeife, during the handing over of President Bola Tinubu's condolence address by Uzodimma, at Ezeife’s home town, Igbo-Ukwu, Aguata Local Government Area of Anambra State... yesterday