FINANCING

…Openness in governance, resource management and revenue collection are essential to restoring investors trust and confidence. Speaking during a special address at the Association of Energy Correspondents of Nigeria (NAEC), annual strategic international conference 2024 in Lagos, the Executive Secretary of Nigeria Extractive Industries Transparency Initiative (NEITI), Dr. Orji Ogbonnaya Orji pointed out clearly that accountability and transparency are key ...

Photo : Helen Lunda, Executive Director, Public Sector and Corporate Banking, Access Bank Zambia; Chizoma Okoli, Deputy Managing Director, Access Bank Plc; Vice President of Zambia, W.K. Mutala Nalumango; Lishala Situmbeko, Country Managing Director, Access Bank Zambia, and Abiodun Olubitan, Group Head, Women Banking, Access Bank Plc during the visit of Access Bank to the Vice President in Lusaka, Zambia… ...

Photo L-R: Abdulrazaq Kassim, Zonal Head, Commercial Banking Division, Access Bank Plc; Oge Kasie-Nwachukwu, Head, Strategic Communications, Events and Sponsorship, Access Bank Plc; Bolaji Agbede, Acting Group Chief Executive Officer, Access Holdings Plc; Professor Babagana Zulum, Executive Governor, Borno; Hadiza Ambursa, Executive Director, Access Bank Plc; Alexius Ayabam, Zonal Head, North East, Access Bank Plc and Uche Onyeigwe, Regional Director, ...

…..by Ben Ndubuwa…….. The Nigeria Extractive Industries Transparency Initiative (NEITI) has disclosed that outstanding collectible revenues from the oil and gas industry owed to the Federal Government have risen to over $6.071 billion and N66.4 billion as of June 2024. This revelation was made in the 2022/2023 Independent Oil and Gas Industry Report released by NEITI today. A detailed breakdown ...

Access Holdings Plc, a leading global financial institution, announced its half-year audited financial results for the period ended 30 June 2024. The results underscore the company’s continued resilience, focus on delivering sustainable performance and commitment to creating long-term value for shareholders. Performance Highlights Access Holdings Plc demonstrated strong performance across all key balance sheet indicators and continues to maintain a ...

…..by Ben Ndubuwa.., The OPEC Fund for International Development has announced new financing of $1.2 billion, aimed at supporting various developmental projects across Africa. This latest round of global funding focuses on enhancing food, water, and energy security, building climate resilience, and promoting growth in sectors such as mining and education. OPEC Fund President Abdul Hamid Al Khalifa emphasized the ...

…As Minister Meets Investors in Lagos…… Following months of comprehensive planning, the Federal Government has unveiled details of its bold and strategic plans to generate at least $100 billion and create over two million jobs from Nigeria’s creative economy yearly.The Government’s plan was unveiled Wednesday September 11, 2024 by the Honourable Minister of Art, Culture and the Creative Economy, Hannatu ...

Proceeds of the bond issue will be invested in critical sectors of the Nigerian economy approved by the President on the recommendation of the Minister of Finance Africa Finance Corporation (AFC) the continent’s leading infrastructure solutions provider, today announced the issuance of an inaugural domestic dollar bond from the Federal Government of Nigeria (FGN), raising US$900 million and marking a ...

Angola’s long-running financial relationship with China has been built on a simple equation: Angola would repay its growing Chinese debt with oil. This strategy became known as the Angola Model. The strategy is faltering, however, as China has begun importing less oil from Angola and other African nations and more from Russia, the Persian Gulf and Asia. The shift has ...

Oando Plc is driving momentum in the oil and gas segment of the Nigerian Exchange (NGX) as investors continue to show interest in the company that recently completed the acquisition of NAOC. Stock price of the integrated oil and gas service rose to N76.90 per share on last trading day August 30, to bring its price to an all-time high ...