FINANCING

Photo L-R: Bolaji Agbede, Acting Group Chief Executive Officer, Access Holdings Plc; Paul Usoro, SAN, Chairman, Access Bank Plc; Frank-Walter Steinmeier, President of Germany; Aigboje Aig-Imoukhuede, Chairman, Access Holdings Plc, and Roosevelt Ogbonna, Managing Director/Chief Executive Officer, Access Bank Plc during the visit of the German president to Access Bank’s headquarters in Lagos… recently. Access Bank Plc last week welcomed the ...

The Senate may set insurance companies on new capitalization as it has passed a new insurance bill that empowers the insurance regulator to determine the capitalisation for insurance companies in the country. When eventually harmonised by the two legislative houses and assented by the president, the new insurance act will replace the current insurance legislation which has been in operation ...

Access Holdings Plc (“Access Holdings”) is pleased to announce that its banking subsidiary, Access Bank Plc (“the Bank”), has entered into a binding agreement with South Africa-based Bidvest Group Limited for the acquisition of a 100% equity stake in Bidvest Bank Limited (“Bidvest Bank”). This agreement reflects the Bank’s commitment to strengthening its footprint in South Africa and consolidating on ...

Access Holdings Plc (“Access Holdings”) today announces that its banking group’s, subsidiary, The Access Bank UK Limited (“the Access UK”) has established its first fully owned subsidiary in Malta, The Access Bank Malta Limited. The banking licence application has been approved by both the European Central Bank (ECB) and the Malta Financial Services Authority (MFSA), signalling a significant step in ...

….by Ben Ndubuwa…. Oando Plc has announced a remarkable increase in its crude oil production by nearly 50% in the past three months, following the acquisition of Nigerian Agip Oil Company (NAOC) from Italian energy giant Eni earlier this year. The announcement was made during a high-level meeting between Oando and its Joint Venture partner, the Nigerian National Petroleum Corporation ...

Chevron Corporation revealed Thursday that it plans to allocate between $14.5 billion and $15.5 billion for capital expenditures (capex) in 2025, marking a $2 billion year-over-year reduction. In addition, the company outlined an affiliate capital expenditure range of $1.7 billion to $2.0 billion for the same year. These moves are part of Chevron’s ongoing efforts to maintain cost and capital ...

Savannah Energy PLC, the British independent energy company focused around the delivery of Projects that Matter, today provided a comprehensive update on its operating performance and outlook, while also outlining its FY25 plans for the existing portfolio in Nigeria and Niger.The update shows that its gross production in Nigeria has averaged 22.7kboe/d (88% gas; flat YoY), generating Total Income of ...

Further to our July 14, 2023 announcement regarding the above subject, Access Holdings PLC (‘Access Holdings’ or ‘the Company’) is pleased to announce that its flagship subsidiary, Access Bank PLC (‘Access Bank’ or ‘the Bank’) has completed the acquisition of Standard Chartered Bank Angola S.A and Standard Chartered Bank (Sierra Leone] Limited (‘the Acquisitions’). Commenting on the completion milestone, Roosevelt ...

NOVA Bank has achieved a major milestone in its commitment to safeguarding customer data and digital operations by attaining the globally recognized ISO 27032 Cybersecurity Standard certification This significant achievement positions NOVA Bank among the elite financial institutions in Nigeria with such a distinction.  The ISO 27032 certification focuses on fortifying cybersecurity measures, ensuring robust protection for data, systems, and ...

KfW (KFW.UL) will provide a 24 billion euro ($25 billion) loan to help develop a future hydrogen network in Germany, the state lender told Reuters, at a time when companies have warned that the technology will take longer than expected to take off. According to Reuters report, KfW will provide a 24 billion euro ($25 billion) loan to help develop ...