In reflection of its dedication to fostering a workplace culture that prioritises employee empowerment, inclusivity, and gender equity, leading full-service commercial bank, Access Bank PLC has been named as the only Nigerian company on the 2024 World’s Best Employers List by Forbes.  As one of only 13 African companies to receive this distinction amongst the 850 ranked on the list, ...

Akwa Ibom State Governor, Pastor Umo Bassey,has sacked  Engr. Meyen Etukudoh as the Managing Director of Ibom Power Company Limited.  The letter announcing the Ibom Power boss’ sack emerged four hours after Etukudoh’s public declaration of Savannah Energy as reason behind the statewide blackout.  The statement by Ibom Power, dated November 14, 2024 had explained that the blackout was triggered ...

…….by Ben Ndubuwa…. The Federal Executive Council (FEC) has approved a proposed national budget of N47.9 trillion for the fiscal year 2025. This approval came after a meeting chaired by President Bola Tinubu on Thursday, with Atiku Bagudu, Minister of Budget and Economic Planning, briefing journalists about the decision. The proposal is part of the Medium-Term Expenditure Framework (MTEF) for ...

……..by Ben Ndubuwa…. The Eko Electricity Distribution Company (EKEDC) has called on its customers to adopt energy-saving practices in a bid to manage their electricity usage more effectively and avoid soaring bills. The appeal was made during the company’s Customers Consultative Forum, held Thursday at the Apapa Business Unit in Lagos. The forum, which attracted customers from various communities across ...

The Nigeria National Petroleum Company Limited (NNPC Ltd) and its partners announced they have successfully ramped up crude oil production to 1.8 million barrels per day (mbpd) and gas production to 7.4 billion standard cubic feet per day (bscfd), marking a significant milestone in its operations. During a press briefing on Thursday, the company highlighted that this achievement aligns with ...

Access Bank PLChas hosted the French Week 2024 Business Forum at its headquarters in Lagos, affirming its commitment to bolstering trade relations between Nigeria and France. The event, which kick-started the annual French Week celebration, highlighted Access Bank’s dedication to fostering bilateral business collaborations and creating a platform for growth, trust, and innovation in the France-Nigeria economic space. The Business ...

Access Holdings PLC (“Access Holdings”) today announces that its banking group’s, subsidiary, The Access Bank UK Limited (“the Access UK”) has entered into a binding agreement to acquire a majority equity stake in AfrAsia Bank Limited (“AfrAsia Bank”), the Republic of Mauritius’ third largest bank by total assets. Mauritius, renowned for its robust financial services sector which contributes 13.4% to ...

………by Ben Ndubuwa…. TotalEnergies has reaffirmed its commitment to reducing carbon emissions and increasing its sustainable energy stock with a bold target to achieve net-zero emissions by 2050. This pledge was made by the company’s Chief Executive Officer, Matthieu Bouyer, during the management session at the ongoing 42nd Annual Conference of the Nigerian Association of Petroleum Explorationists (NAPE). Represented by ...

…..by Ben Ndubuwa….. Nigeria is set to attract a significant share of global deepwater investment, following the implementation of a new fiscal framework for upstream projects by President Bola Tinubu’s administration. According to Mrs. Olu Verheijen, Special Adviser to the President on Energy, the recent reforms could position Nigeria to capture 20 percent of the $90 billion available for deepwater ...

The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has successfully executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE. The Chief Corporate Communication Officer, Olufemi Soneye, in a statement, said the agreement, signed by the Managing Director, NGML, Barr. Justin Ezeala and the President/CEO of the ...