FINANCING

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….. 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 ...

…Becomes First West African Bank in Asian Country……. The Access Bank UK Limited is proud to announce the official opening of its Hong Kong branch (a restricted licence bank) today.This expansion represents a key milestone in the bank’s global growth strategy and underscores our commitment to serving clients in the Asia-Pacific region. The launch of the Hong Kong branch establishes ...

Asset Management Corporation of Nigeria (AMCON), said its attention has been drawn to a publication in the media regarding pending litigation between it and Heyden Petroleum Limited. AMCON hereby notify the general public that the agency and Heyden Petroleum Limited have settled all issues between them amicably, and Heyden Petroleum Limited has demonstrated commitment to meeting their obligations and has ...

………….Gross Revenue Hits ₦3.4 Trillion………. Access Holdings Plc, one of Africa’s leading financial institutions, has announced its unaudited results for the third quarter ended September 30, 2024. The financial results highlight the group’s continued growth momentum, emphasising resilience and sustainable performance as the Group works to deliver solid returns for its shareholders. Gross revenue for the nine-month period rose by ...

Chevron beat third-quarter earnings and revenue expectations, returning a record amount of cash to shareholders. Shares were up 2.6% in the premarket following the report’s release. The oil major’s quarterly profit, however, declined substantially compared to the year-ago period due to lower margins on refined product sales, lower prices and the absence of favorable tax times. Chevron is aiming to ...

Exxon Mobil on Friday beat Wall Street’s third quarter profit estimate, boosted by strong oil output in its first full quarter that includes volumes from U.S. shale producer Pioneer Natural Resources. Oil industry earnings have been squeezed this year by slowing demand and weak margins on gasoline and diesel. But Exxon’s year-over-year profit fell 5%, a much smaller drop than ...

The Nigerian government has set 28th January 2025 as the deadline for the operationalisation of the $5 billion Africa Energy Bank in Abuja, the nation’s capital city. A Nigerian delegation led by Nicholas Ella, the permanent secretary, Ministry of Petroleum Resources, and executive board member representing Nigeria at the African Petroleum Producers Organization (APPO), made the disclosure on Wednesday at ...

Bolaji Agbede and Roosevelt Ogbonna Access Holdings PLC has made clarification and  justified its high cost-to-income ratio, saying it is still relatively  high because of its necessary  investments in various aspects of its growth and expansion  that will yield huge benefits in the short to medium term. Bolaji Agbede In making this justification, Access Holdings PLC, one of Africa’s leading ...

......Declares US 9.6 Cents Total Dividend Per Share for 9 months 2024...... Seplat Energy PLC, a leading Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announces its unaudited results for the for the nine months ended 30 September 2024, with a strong underlying business performance which supports increase to core dividend by ...