BUSINESS

LAGOS, NIGERIA – MAY 14, 2024: At the esteemed Choose France Summit 2024, held on Monday, May 13, 2024, Aigboje Aig-Imoukhuede, the Chairman of Access Holdings PLC, was formally appointed as the President of the France Nigeria Business Council (FNBC) by the President of the French Republic, President Emmanuel Macron. …

LAGOS, NIGERIA – The African Magic Viewers’ Choice Awards (AMVCA) 10th edition was a night to remember, filled with glitz, glamour, and of course, the unforgettable after-party. Heineken, the world’s most international beer, brought the good times to the after party, held at the Eko Hotel and Suites in Lagos. …

LAGOS, NIGERIA – May 13, 2024: Access Bank Sierra Leone Ltd (‘Access Bank (SL) Ltd’) has announced the appointment of new executives to its Board of Directors (‘the Board’), further strengthening its leadership team and advancing the implementation of its growth and transformation strategy. These appointments also reflect the Bank's …

LAGOS, NIGERIA – In line with the disclosure requirements of the Securities and Exchange Commission and the Nigerian Exchange Limited, Access Holdings Plc , Africa’s leading financial services group, has announced the award of 23.8 million ordinary shares to some of its senior executives and executives of Access Bank, its …

LAGOS, NIGERIA – Opay, one of Nigeria’s leading digital payment and fintech firms, has issued a stern warning to its customers regarding certain prohibited transactions on its platform. In a notice distributed to customers on Friday, May 3, 2024, the company explicitly stated its prohibition against trading cryptocurrency or engaging …

LAGOS, NIGERIA – United Bank for Africa Plc (UBA), Africa’s Global Bank, has released its financial results for the first quarter ended March 31st, 2024, showing very strong growth across key performance measures. The Group’s results, which were released to the Nigerian Exchange Limited (NGX) on Friday, May 3, 2024, …

LAGOS, NIGERIA – The Ikeja Electric Distribution Company (IE) has announced reduction on its electricity tariff for customers under Band A. In a circular issue d by the management of the company on its “X” page, on Monday, May 6, 2024, IE said the Band A customers will now pay …

LAGOS, NIGERIA – MAY 2024 – Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2024, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦509.3billion, …

…As EFCC Freezes Over 1,100 Bank Accounts Amidst CBN’s Ban On Fintechs ABUJA, FCT, NIGERIA – The Central Bank of Nigeria’s recent ban on mobile money operators and fintech firms from accepting new customers has sparked concern among bank patrons. This directive, affecting companies like OPay, Palmpay, Kuda Bank, and …

LAGOS, NIGERIA – Management of Dangote Cement Plc has revealed that the company dispatched seven ships of clinker, from Nigeria to Ghana and Cameroon and that the export, for the first quarter of 2024 increased by 87.2 per cent at 264kt. While the company commissioned 10 of the 17 Alternative …