BUSINESS

ABUJA, FCT, NIGERIA – Aliko Dangote, Chairman of the Dangote Group, sounded a stark warning against the Central Bank of Nigeria’s recent decision to raise interest rates to nearly 30 percent. Speaking at a summit organized by the Manufacturers Association of Nigeria (MAN), Dangote emphasized that such a steep interest …

LAGOS, NIGERIA – JULY 2, 2024: Access Holdings Plc (“Access Holdings” or “the Group”) on Tuesday, June 2, 2024, held a formal signing ceremony as part of the arrangements to raise a total of ₦351,009,103,017.25 (Three hundred and fifty-one billion,nine million, one hundred and three thousand, seventeen naira and twenty …

LAGOS, NIGERIA – JUNE 21, 2024 – Africa’s leading financial services institution, Guaranty Trust Holding Company Plc (“GTCO” or “the Group”), has added to its impressive haul of accolades as it was recently named Nigeria’s strongest brand and Best Banking Brand in Nigeria by Brand Finance and Global Brands Magazine, …

BY ABU-SATAR HAMED ILARO-YEWA, OGUN STATE, NIGERIA – His Royal Majesty, Oba (Dr.) Kehinde Gbadewole Adeboye Olugbenle MFR, Asade Agunloye IV, the Olu of Ilaro & Paramount Ruler of Yewaland, has called upon traders to consider the economic hardships faced by many and to trade with integrity and compassion. The …

LAGOS, NIGERIA – Otunba Femi Otedola has further strengthened his position in FBN Holdings by purchasing an additional 546.7 million units of shares, valued at N12.01 billion. According to reports from the Nigerian Exchange Limited (NGX) on Thursday, June 20, 2024, Otedola acquired these shares through Calvados Global Services Limited, …

ACCRA, GHANA – JUNE 22, 2024: Access Bank Ghana Plc held its 16th Annual General Meeting (AGM) at its head office, marking a year of exceptional performance and growth. The Board Chairperson of Access Bank (Ghana) Plc, Ms. Ama S. Bawuah, presented the financial statements, highlighting the Bank's impressive performance …

LAGOS, NIGERIA – Vice President, Oil and Gas at Dangote Industries Limited (DIL), Devakumar Edwin, has accused International Oil Companies (IOCs) in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals. Edwin said that the IOCs are deliberately and wilfully frustrating the refinery’s efforts to buy …

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL LAGOS, Nigeria, June 11, 2024. This notice is issued in reliance on Rule 283 of the Rules & Regulations of the Securities & Exchange …

LAGOS, NIGERIA – JUNE 10, 2024: Access Bank PLC (“the Bank”) has announced the successful completion of its acquisition of African Banking Corporation (Tanzania) Limited (“BancABC Tanzania” or “BancABC”), in line with its strategic expansion goals. This milestone follows the Bank’s initial announcement in July 2023 and marks yet another …

LAGOS, NIGERIA – Zenith Bank Plc has been awarded the title of “Most Sustainable Bank, Nigeria” in the International Banker 2024 Banking Awards, marking the second consecutive year it has received this honor. This recognition solidifies Zenith Bank’s position as a leader in sustainable banking practices, setting a high standard …