FINANCING

TotalEnergies, the multinational company, has finally divested its 10% stake in the Shell Petroleum Development Company of Nigeria Limited (SPDC) for an impressive $860 million, following years of legal and environmental challenges related to the oil giant’s Nigerian onshore ventures. The sale marks the latest step in TotalEnergies’ ambitious strategy to reduce its carbon footprint and pursue a greener energy ...

Photo : Gregory Jobome, Executive Director, Risk Management, Access Bank Plc in conversation with Balarabe Abbas Lawal, Minister of Environment at the launch of the NGX Impact Board at the Nigerian Exchange… recently. Access Bank Plc, Nigeria’s leading institution in sustainable finance, was one of the participants in the launch of the Nigerian Exchange Limited (NGX) Impact Board, a dedicated ...

Photo : Front row (L-R): Michael Jongeneel, Chief Executive Officer, FMO and Roosevelt Ogbonna, Managing Director/Chief Executive Officer, Access Bank Plc ……..by Ben Ndubuwa…… In a significant stride towards fostering economic growth, Access Bank PLC, sub-Saharan Africa’s largest bank by customer base, has celebrated a landmark moment in its partnership with the Dutch Entrepr eneurial Development Bank (FMO). The occasion ...

The Nigeria Extractive Industries Transparency Initiative (NEITI) has appealed to President Bola Tinubu to revisit and implement the report of the Presidential Investigation Panel on oil theft, vandalism and sabotage.NEITI Executive Secretary, Dr Orji Ogbonnaya Orji, made the call at the ongoing five-day NEITI Board Retreat/Meeting on Monday, July 15, 2024, in Lagos. The executive secretary said that the report ...

Photo: L-R: Director, Planning, Research and Statistics, Mrs Bosede Olaniyi; Permanent Secretary. Federal Ministry of Power, Alhaji Mahmuda Mamman; Minister of Power, Chief Adebayo Adelabu; Mission Director, United States Agency for International Development (USAID), Melissa Jones; and Coordinator, Power Africa, Richard Nelson, at the signing of a Memorandum of Understanding (MoU) between the Federal Ministry of Power and USAID. in ...

……..by Ben Ndubuwa…… The Nigerian National Petroleum Company (NNPC) Limited (NNPC) has stated that it is not currently seeking a fresh $2 billion oil-for-cash loan deal, contrary to some reports. The report had claimed that the NNPC was eyeing a new $2 billion oil-for-cash loan deal within the next two months. However, the NNPC management dismissed these claims, emphasising that ...

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 ...