Fg needs 15bn asset sales borrowing dangote

It seems like you're referring to the recent news about First Bank of Nigeria (FG) needing to sell off some of its assets to raise 15 billion naira in order to meet its financial obligations, and possibly borrowing from Aliko Dangote, a Nigerian business magnate.

Here's a brief summary of the situation:

• First Bank of Nigeria (FG) is facing financial difficulties, which has led to a decline in its share price and a loss of investor confidence.
• The bank needs to raise 15 billion naira to meet its financial obligations, including paying off debts and covering operational costs.
• One of the options being considered by the bank is to sell off some of its non-core assets, such as its real estate portfolio or its stake in other companies.
• Another option being explored is to borrow from Aliko Dangote, who is one of the richest men in Africa and has a reputation for being a shrewd businessman.
• The potential borrowing from Dangote would likely be in the form of a loan or an equity investment, and would be used to help the bank stabilize its finances and get back on track.

It's worth noting that the situation at First Bank of Nigeria is complex and multifaceted, and there are many factors that have contributed to its current financial difficulties. The bank has been facing challenges in recent years, including increased competition from other banks, a decline in the value of its assets, and regulatory issues.

Overall, the situation at First Bank of Nigeria is a reminder of the importance of prudent financial management and the need for banks to be proactive in managing their risks and maintaining their financial stability.