FINANCING

Access Holdings Plc, one of Africa’s leading financial services groups, today announced that it has received approval from the Securities and Exchange Commission (SEC) for the commencement of its N351 billion Rights Issue (‘the Offer’). This marks a significant milestone in the Group’s previously announced Capital Raising Programme, which aims to generate up to US$1.5 billion (One billion, five hundred ...

The Independent Petroleum Producers Group (IPPG) extends its heartfelt congratulations to the Federal Government of Nigeria on the momentous occasion of Nigeria being selected as the host of the Headquarters of the African Energy Bank (AEB). This significant honour highlights Nigeria’s leadership and strong commitment to advancing Africa’s energy goals. This landmark achievement also underscores Nigeria’s leading role over the ...

………by Ben Ndubuwa…….. In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. The PBSI, which evaluates banks based on a comprehensive set of financial metrics derived from audited financial statements for the Financial Year 2023, underscores Access Holdings’ significant strides in the banking sector. ...

The Chairman and Chief Executive Officer of the Dangote Group, Aliko Dangote, on Tuesday said rising interest rate will hinder economic growth and would hurt local manufacturers. Dangote made the assertion at the opening session of a three-day National Manufacturing Policy Summit organised by the Manufacturers Association of Nigeria at the Banquet Hall of the State House, Abuja. “Before I ...

The Central Bank of Nigeria (CBN) has reported a surge in the nation’s money supply, which reached a new high of N99.24 trillion in May 2024.This marks a 2% increase from the previous month’s figure of N96.97 trillion and a remarkable year-on-year growth of 78% from N55.69 trillion in May 2023.The increase was even more pronounced on an annual basis, ...

Photo : L-R Olumide Olatunji, Managing Director, Access Bank Ghana; Ama S. Bawuah, Board Chair, Access Bank Ghana, and Helen Decardi Nelson, Company Secretary, Access Bank Ghana, at the 16th Annual General Meeting of Access Bank Ghana held at its head office in Accra… yesterday. Access Bank Ghana Plc held its 16th Annual General Meeting (AGM) at its head office, ...

…….by Ben Ndubuwa……. Taamal Capital (“Taamal”), a UK-headquartered international and Africa-focused advisory and private investment management firm, has partnered strategically with RouQ & Company (“RouQ”), a leading Nigerian commercial legal firm in Lagos. The collaboration aims to leverage the unique expertise of both firms to enhance services for clients across Africa. Under this partnership, Taamal Capital and RouQ will offer ...

…As Kyari Lauds FG’s Presidential Executive Order for Fostering Growth in Nigeria’s Oil, Gas Sector……….. In a major step towards boosting Nigeria’s oil and gas production, the NNPC-TotalEnergies JV has officially announced a 550 million USD Final Investment Decision (FID) on the Ubeta Field Development Project. The milestone is in line with President Bola Ahmed Tinubu’s Presidential Executive Order on ...

First Bank of Nigeria Limited has confirmed the appointment of Olusegun Alebiosu as the substantive Managing Director (MD) and Chief Executive Officer (CEO) of the bank. Updating the Nigerian Exchange Group of recent development within the bank, the company’s Secretary, Adewale Arogundade, in a notice on Wednesday, said the appointment of Alebiosu is subject to the approval of the Central ...

The National Bureau of Statistics disclosed in its latest data has disclosed that the Nigerian inflation rate has hit all time high of 33.95 percent in May 2024, moving to 40 percent if the government do not curb the rising trend This represents an increase of 0.26% points when compared to the April 2024 headline inflation rate, according to the ...